California Resources Corporation (CRC): What Top Wall Street Players are Saying

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California Resources Corporation kicked off the trading day on 10/10/19 with a price increase of 2.03%, equivalent to $0.17 relative change for the day. Taking a more long-term approach, CRC had a 52-week range of $7.90 to $44.02. At the time of this article’s publishing, this stock is trading at $8.55 after starting the trading session at $8.46. At the time of writing, this stock’s 50-day Moving Average stands at $10.36, while the 200-day Moving Average of this stock is currently $18.11.

Currently, this company’s share volume is sitting at $2118969, but has maintained average daily volume of $3.49M. This stock has generated an average Year to Date volume of $2.58 million, alongside an average 20-day volume of $4.92 million. This publicly-traded company’s shares outstanding now amounts to $51.09 million, simultaneously with a float of $46.23 million. The organization now has a market capitalization sitting at $436.82 million.

California Resources Corporation(CRC) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. California Resources Corporation’s current insider ownership accounts for 2.60%, in contrast to 64.00% institutional ownership. According to the most recent latest insider trade that took place on Aug 15 this organization’s Director bought 10,000 at the rate of 9.03, making the entire transaction hit 90,260 in total value, affecting insider ownership by 48,439. Preceding that transaction, on Aug 09 Company’s EVP Corp Dev & Strategic Plng bought 1,500 at a price of 10.21, making the whole transaction’s value amount to 15,318. This particular insider is now the holder of 30,873 in total.

If we take a glance at the Ownership summary of California Resources Corporation’s stock, Institutional holders make up 64.00% of its total stock ownership. All together, they are the legal holders of 51.09M shares. If we focus on the top 3 stockholders for this publicly-traded organization, The Vanguard Group, Inc. owns 3,998,189 shares, with SSgA Funds Management, Inc. in 2nd place owning 3,136,252 shares and BlackRock Fund Advisors in third place with total ownership of 2,953,559 shares.

California Resources Corporation (CRC) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on 6/29/2019, the organization reported -$0.29 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at $0.2) by -$0.49.

California Resources Corporation’s full-quarter revenue decreased by -19.93%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.

California Resources Corporation’s EPS increase for this current 12-month fiscal period is 208.20%, and is forecasted to reach 2.26 in the upcoming year.

Additional Trading Performance Indicators

Now turning our attention to the current performance indicators for California Resources Corporation, this organization’s Quick Ratio in the last reported quarter now stands at 0.70. The company has managed to achieve an average true range (ATR) of 1.16. Alongside those, its PE Ratio stands at $1.19, and its Beta score is 4.53.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.13 for this organization.

In the same vein, CRC’s Diluted EPS (Earnings per Share) trailing twelve months was posted at 7.19, a figure that is expected to reach -0.11 in the next reported quarter, and analysts expect it will be 2.26 at the market close of one year from today’s date.