Is California Resources Corporation (NYSE: CRC) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that California Resources Corporation Announces the Nomination of Christian S. Kendall to Its Board of Directors.

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Stocks Info

California Resources Corporation is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. The current market capitalization of California Resources Corporation is $3.69B. A total of 0.61 million shares were traded on the day, compared to an average of 991.28K shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. California Resources Corporation pays an annual dividend of $1.19, resulting in a dividend yield of 2.21%, and it has a price to earnings (P/E) ratio of 6.95. CRC’s most recent ex-dividend date was 3/5/2024 when it declared a $0.31 quarterly dividend that was paid in cash on 3/18/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The CRC stock dividend was $0.31 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CRC has a high of $58.44 and a low of $37.21.

As of this writing, CRC has an earnings estimate of $0.63 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.71 per share and a lower estimate of $0.52. The company reported an EPS of $1.02 in the last quarter, which was 25.90% higher than expectations of $0.81.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CRC’s latest balance sheet shows that the firm has $305.00M in Cash & Short Term Investments as of fiscal 2021. There were $637.00M in debt and $854.00M in liabilities at the time. Its Book Value Per Share was $32.30, while its Total Shareholder’s Equity was $1.69B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRC is Buy with a score of 4.50.

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