NYSE:CRC

Stock Analysis Report

California Resources

Executive Summary

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California.

Snowflake

Fundamentals

Undervalued with moderate growth potential.

Risks

  • California Resources has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has California Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.6%

NYSE:CRC

-0.3%

US Oil and Gas

0.9%

US Market


1 Year Return

-73.2%

NYSE:CRC

-21.5%

US Oil and Gas

0.3%

US Market

CRC underperformed the Oil and Gas industry which returned -21.5% over the past year.

CRC underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

CRCIndustryMarket
7 Day-0.6%-0.3%0.9%
30 Day-37.8%-7.6%-1.9%
90 Day-44.7%-10.6%1.6%
1 Year-73.2%-73.2%-18.6%-21.5%2.6%0.3%
3 Year-14.4%-14.4%-6.1%-14.5%41.0%31.8%
5 Yearn/a-32.7%-41.8%55.2%38.0%

Price Volatility Vs. Market

How volatile is California Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is California Resources undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

California Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).

California Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

California Resources is good value based on earnings compared to the US Oil and Gas industry average.

California Resources is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

California Resources is good value based on expected growth next year.


Price Based on Value of Assets

California Resources has negative assets, we can't compare the value of its assets to the US Oil and Gas industry average.


Next Steps

Future Growth

How is California Resources expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

61.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

California Resources's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

California Resources's earnings are expected to grow significantly at over 20% yearly.

California Resources's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

California Resources's earnings growth is expected to exceed the United States of America market average.

California Resources's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if California Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has California Resources performed over the past 5 years?

28.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

California Resources has delivered over 20% year on year earnings growth in the past 5 years.

California Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

California Resources has become profitable in the last year making it difficult to compare the US Oil and Gas industry average.


Return on Equity

Whilst California Resources made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.


Return on Assets

California Resources used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

California Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is California Resources's financial position?


Financial Position Analysis

California Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

California Resources's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

California Resources's level of debt (1036.1%) compared to net worth is high (greater than 40%).

Unable to establish if California Resources's debt level has increased without past 5-year debt data.

Debt is not well covered by operating cash flow (9.7%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

What is California Resources's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate California Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate California Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as California Resources has not reported any payouts.

Unable to verify if California Resources's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as California Resources has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of California Resources's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of California Resources's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Todd Stevens (52yo)

5.1yrs

Tenure

US$7,734,657

Compensation

Mr. Todd A. Stevens has been the Chief Executive Officer and President of California Resources Corporation since July 2014. Mr. Stevens served as Vice President of Corporate Development at Occidental Petro ...


CEO Compensation Analysis

Todd's remuneration is higher than average for companies of similar size in United States of America.

Todd's compensation has increased in line with California Resources recently becoming profitable.


Management Age and Tenure

1.6yrs

Average Tenure

53yo

Average Age

The average tenure for the California Resources management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.7yrs

Average Tenure

67.5yo

Average Age

The tenure for the California Resources board of directors is about average.


Insider Trading

More shares have been bought than sold by California Resources individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$90,26016 Aug 19
Avedick Poladian
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$9.03
BuyUS$15,31809 Aug 19
Francisco Leon
EntityIndividual
Role
Head of Corporate Development
Executive Vice President of Corporate Development & Strategic Planning
Shares1,500
Max PriceUS$10.21
BuyUS$20,04608 Aug 19
Darren Williams
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Operations & Geoscience
Shares2,000
Max PriceUS$10.02
BuyUS$3,05008 Aug 19
Charles Weiss
EntityIndividual
Role
Head of Corporate Communications
Executive Vice President of Public Affairs
Shares300
Max PriceUS$10.17
BuyUS$50,98508 Aug 19
Todd Stevens
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceUS$10.20
BuyUS$10,02108 Aug 19
Marshall Smith
EntityIndividual
Role
Chief Financial Officer
Senior EVP & CFO
Shares980
Max PriceUS$10.23
BuyUS$24,90208 Aug 19
Michael Preston
EntityIndividual
Role
Chief Administrative Officer
Senior EVP
Shares2,443
Max PriceUS$10.19
BuyUS$10,49708 Aug 19
Roy Pineci
EntityIndividual
Role
Chief Accounting Officer
Executive VP of Finance & Chief Accounting Officer
Shares1,000
Max PriceUS$10.50
BuyUS$20,18008 Aug 19
Shawn Kerns
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Operations & Engineering
Shares2,000
Max PriceUS$10.09
BuyUS$16,19029 May 19
Todd Stevens
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$16.19
BuyUS$249,37829 May 19
Harry McMahon
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,230
Max PriceUS$16.37
BuyUS$164,47329 May 19
Harold Korell
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares10,000
Max PriceUS$16.45
BuyUS$50,33128 May 19
Laurie Siegel
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$16.78
BuyUS$22,75226 Nov 18
Justin Gannon
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$22.75
BuyUS$99,96720 Nov 18
Harold Korell
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares4,736
Max PriceUS$21.11
BuyUS$53,91306 Nov 18
Harold Korell
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares1,848
Max PriceUS$29.17

Ownership Breakdown


Management Team

  • Scott Espenshade

    Senior Vice President of Investor Relations

    • Tenure: 0.0yrs
  • Todd Stevens (52yo)

    President

    • Tenure: 5.1yrs
    • Compensation: US$7.73m
  • Mark Smith (59yo)

    Senior EVP & CFO

    • Tenure: 5.1yrs
    • Compensation: US$3.56m
  • Charles Weiss (55yo)

    Executive Vice President of Public Affairs

    • Tenure: 5.6yrs
    • Compensation: US$2.17m
  • Roy Pineci (56yo)

    Executive VP of Finance & Chief Accounting Officer

    • Tenure: 0.0yrs
    • Compensation: US$4.10m
  • Shawn Kerns (48yo)

    Executive Vice President of Operations & Engineering

    • Tenure: 1.6yrs
    • Compensation: US$2.16m
  • Michael Preston (54yo)

    Senior EVP

    • Tenure: 0.6yrs
  • Darren Williams (47yo)

    Executive Vice President of Operations & Geoscience

    • Tenure: 1.6yrs
    • Compensation: US$2.22m
  • Cynthia Johnson

    Chief Information Officer & VP

    • Tenure: 0.0yrs
  • Francisco Leon (42yo)

    Executive Vice President of Corporate Development & Strategic Planning

    • Tenure: 1.6yrs

Board Members

  • Harold Korell (74yo)

    Lead Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$294.60k
  • Bob Sinnott (70yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$283.35k
  • Laurie Siegel (63yo)

    Independent Director

    • Tenure: 1.0yrs
    • Compensation: US$132.00k
  • Harry McMahon (65yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$293.35k
  • Dick Poladian (68yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$283.35k
  • Todd Stevens (52yo)

    President

    • Tenure: 5.1yrs
    • Compensation: US$7.73m
  • Bill Albrecht (67yo)

    Non-Executive Chairman

    • Tenure: 3.3yrs
    • Compensation: US$418.56k
  • Richard Moncrief (76yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$283.35k
  • Anita Powers (63yo)

    Independent Director

    • Tenure: 2.0yrs
    • Compensation: US$261.69k
  • Justin Gannon (69yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$288.35k

Company Information

California Resources Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: California Resources Corporation
  • Ticker: CRC
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$455.741m
  • Shares outstanding: 49.00m
  • Website: https://www.crc.com

Number of Employees


Location

  • California Resources Corporation
  • 9200 Oakdale Avenue
  • 9th Floor
  • Los Angeles
  • California
  • 91311
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRCNYSE (New York Stock Exchange)YesCommon SharesUSUSDNov 2014
1CLBDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2014

Biography

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marke ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:58
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.