California Resources
Market Cap
US$455.7m
Last Updated
2019/08/21 00:58 UTC
Data Sources
Company Financials +
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
| CRC | Industry | Market | |
|---|---|---|---|
| 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 Year | n/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
1 week ago | Simply Wall St
Those Who Purchased California Resources (NYSE:CRC) Shares A Year Ago Have A 68% Loss To Show For It4 weeks ago | Simply Wall St
How Much is California Resources Corporation's (NYSE:CRC) CEO Getting Paid?1 month ago | Simply Wall St
Is California Resources (NYSE:CRC) Using Too Much Debt?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
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | US$9.03 |
| Entity | Individual |
| Role | Head of Corporate Development Executive Vice President of Corporate Development & Strategic Planning |
| Shares | 1,500 |
| Max Price | US$10.21 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Operations & Geoscience |
| Shares | 2,000 |
| Max Price | US$10.02 |
| Entity | Individual |
| Role | Head of Corporate Communications Executive Vice President of Public Affairs |
| Shares | 300 |
| Max Price | US$10.17 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 5,000 |
| Max Price | US$10.20 |
| Entity | Individual |
| Role | Chief Financial Officer Senior EVP & CFO |
| Shares | 980 |
| Max Price | US$10.23 |
| Entity | Individual |
| Role | Chief Administrative Officer Senior EVP |
| Shares | 2,443 |
| Max Price | US$10.19 |
| Entity | Individual |
| Role | Chief Accounting Officer Executive VP of Finance & Chief Accounting Officer |
| Shares | 1,000 |
| Max Price | US$10.50 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Operations & Engineering |
| Shares | 2,000 |
| Max Price | US$10.09 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 1,000 |
| Max Price | US$16.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 15,230 |
| Max Price | US$16.37 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 10,000 |
| Max Price | US$16.45 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$16.78 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$22.75 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 4,736 |
| Max Price | US$21.11 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 1,848 |
| Max Price | US$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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CRC | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Nov 2014 |
| 1CLB | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/21 00:58 |
| End of Day Share Price | 2019/08/20 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.