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CRC

California Resources NYSE:CRC Stock Report

Last Price

US$56.63

Market Cap

US$3.9b

7D

-1.1%

1Y

56.7%

Updated

25 Sep, 2023

Data

Company Financials +

California Resources Corporation

NYSE:CRC Stock Report

Mkt Cap: US$3.9b

CRC Stock Overview

California Resources Corporation operates as an independent oil and natural gas exploration and production company in the United States.

CRC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends3/6

California Resources Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for California Resources
Historical stock prices
Current Share PriceUS$56.63
52 Week HighUS$58.33
52 Week LowUS$34.02
Beta1.68
1 Month Change2.11%
3 Month Change28.09%
1 Year Change56.70%
3 Year Changen/a
5 Year Changen/a
Change since IPO277.53%

Recent News & Updates

We Ran A Stock Scan For Earnings Growth And California Resources (NYSE:CRC) Passed With Ease

Sep 18
We Ran A Stock Scan For Earnings Growth And California Resources (NYSE:CRC) Passed With Ease

California Resources: Carbon Capture And Potential Separation From Oil Production

Sep 13

Recent updates

We Ran A Stock Scan For Earnings Growth And California Resources (NYSE:CRC) Passed With Ease

Sep 18
We Ran A Stock Scan For Earnings Growth And California Resources (NYSE:CRC) Passed With Ease

California Resources: Carbon Capture And Potential Separation From Oil Production

Sep 13

California Resources (NYSE:CRC) Is Very Good At Capital Allocation

Jul 22
California Resources (NYSE:CRC) Is Very Good At Capital Allocation

With EPS Growth And More, California Resources (NYSE:CRC) Makes An Interesting Case

Jun 16
With EPS Growth And More, California Resources (NYSE:CRC) Makes An Interesting Case

California Resources Corporation: Despite State Challenges, FCF Remains Strong

Jun 10

How To Short Stocks; Bitcoin Miners, Energy Picks And A High Conviction Play With Kirk Spano And CashFlow Hunter

May 23

California Resources (NYSE:CRC) Is Paying Out A Larger Dividend Than Last Year

May 19
California Resources (NYSE:CRC) Is Paying Out A Larger Dividend Than Last Year

California Resources' (NYSE:CRC) Dividend Will Be Increased To $0.2825

May 05
California Resources' (NYSE:CRC) Dividend Will Be Increased To $0.2825

Industry Analysts Just Upgraded Their California Resources Corporation (NYSE:CRC) Revenue Forecasts By 12%

May 04
Industry Analysts Just Upgraded Their California Resources Corporation (NYSE:CRC) Revenue Forecasts By 12%

California Resources (NYSE:CRC) Is Increasing Its Dividend To $0.2825

Mar 02
California Resources (NYSE:CRC) Is Increasing Its Dividend To $0.2825

California Resources  declares $0.2825 dividend

Feb 24

California Resources (NYSE:CRC) Is Doing The Right Things To Multiply Its Share Price

Feb 05
California Resources (NYSE:CRC) Is Doing The Right Things To Multiply Its Share Price

Earnings Working Against California Resources Corporation's (NYSE:CRC) Share Price

Jan 09
Earnings Working Against California Resources Corporation's (NYSE:CRC) Share Price

California Resources (NYSE:CRC) Posted Weak Earnings But There Is More To Worry About

Nov 17
California Resources (NYSE:CRC) Posted Weak Earnings But There Is More To Worry About

California Resources (NYSE:CRC) Is Paying Out A Larger Dividend Than Last Year

Nov 16
California Resources (NYSE:CRC) Is Paying Out A Larger Dividend Than Last Year

California Resources lifts dividend by 66% to $0.2825/share, boosts share buyback plan by $200M

Nov 03

Calculating The Intrinsic Value Of California Resources Corporation (NYSE:CRC)

Oct 27
Calculating The Intrinsic Value Of California Resources Corporation (NYSE:CRC)

California Resources: Taking Stock Of California Regulatory Changes

Oct 25

California Resources  GAAP EPS of $0.16, revenue of $220.6M

Aug 03

California Resources: Hedging Strategy To Change

Jun 14

Finally A Viable Strategy For California Resources

Jan 17

California Resources Corporation Is An Interesting Investment Post Bankruptcy

Dec 06

California Resources: The Environmental Energy Play

Oct 05

California Resources (CRC) Investor Presentation - Slideshow

Jun 16

California Resources (CRC) Presents At Wells Fargo Energy Conference - Slideshow

Jun 04

California Resources announces private offering of $600M senior unsecured notes

Jan 13

California Resources CEO to step down at year-end

Dec 21

Shareholder Returns

CRCUS Oil and GasUS Market
7D-1.1%-1.2%-2.7%
1Y56.7%25.7%16.8%

Return vs Industry: CRC exceeded the US Oil and Gas industry which returned 21% over the past year.

Return vs Market: CRC exceeded the US Market which returned 15.1% over the past year.

Price Volatility

Is CRC's price volatile compared to industry and market?
CRC volatility
CRC Average Weekly Movement3.5%
Oil and Gas Industry Average Movement4.9%
Market Average Movement5.5%
10% most volatile stocks in US Market14.2%
10% least volatile stocks in US Market2.5%

Stable Share Price: CRC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CRC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20141,060Francisco Leonhttps://www.crc.com

California Resources Corporation operates as an independent oil and natural gas exploration and production company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It also engages in the generation and sale of electricity to the local utility and the grid.

California Resources Corporation Fundamentals Summary

How do California Resources's earnings and revenue compare to its market cap?
CRC fundamental statistics
Market CapUS$3.91b
Earnings (TTM)US$907.00m
Revenue (TTM)US$3.20b

4.3x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRC income statement (TTM)
RevenueUS$3.20b
Cost of RevenueUS$1.42b
Gross ProfitUS$1.78b
Other ExpensesUS$871.00m
EarningsUS$907.00m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)13.15
Gross Margin55.60%
Net Profit Margin28.36%
Debt/Equity Ratio28.1%

How did CRC perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

8%

Payout Ratio