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California Resources NYSE:CRC Stock Report

Last Price

US$48.64

Market Cap

US$3.3b

7D

-0.2%

1Y

14.5%

Updated

23 Jun, 2024

Data

Company Financials +

California Resources Corporation

NYSE:CRC Stock Report

Market Cap: US$3.3b

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$48.64
52 Week HighUS$58.44
52 Week LowUS$42.57
Beta1.42
11 Month Change3.03%
3 Month Change-9.91%
1 Year Change14.47%
33 Year Change46.37%
5 Year Changen/a
Change since IPO224.27%

Recent News & Updates

Return Trends At California Resources (NYSE:CRC) Aren't Appealing

Jun 17
Return Trends At California Resources (NYSE:CRC) Aren't Appealing

We Think California Resources (NYSE:CRC) Is Taking Some Risk With Its Debt

May 23
We Think California Resources (NYSE:CRC) Is Taking Some Risk With Its Debt

Recent updates

Return Trends At California Resources (NYSE:CRC) Aren't Appealing

Jun 17
Return Trends At California Resources (NYSE:CRC) Aren't Appealing

We Think California Resources (NYSE:CRC) Is Taking Some Risk With Its Debt

May 23
We Think California Resources (NYSE:CRC) Is Taking Some Risk With Its Debt

California Resources Corporation's (NYSE:CRC) Price Is Right But Growth Is Lacking

May 01
California Resources Corporation's (NYSE:CRC) Price Is Right But Growth Is Lacking

Why We Like The Returns At California Resources (NYSE:CRC)

Feb 01
Why We Like The Returns At California Resources (NYSE:CRC)

California Resources Corporation (NYSE:CRC) Could Be Riskier Than It Looks

Jan 02
California Resources Corporation (NYSE:CRC) Could Be Riskier Than It Looks

California Resources: The Future Of Oil Is In California

Nov 07

The Trend Of High Returns At California Resources (NYSE:CRC) Has Us Very Interested

Nov 02
The Trend Of High Returns At California Resources (NYSE:CRC) Has Us Very Interested

California Resources Corporation: Making Moves And Delivering Value

Oct 11

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

Shareholder Returns

CRCUS Oil and GasUS Market
7D-0.2%1.6%0.5%
1Y14.5%15.8%23.7%

Return vs Industry: CRC underperformed the US Oil and Gas industry which returned 15.8% over the past year.

Return vs Market: CRC underperformed the US Market which returned 23.7% over the past year.

Price Volatility

Is CRC's price volatile compared to industry and market?
CRC volatility
CRC Average Weekly Movement4.7%
Oil and Gas Industry Average Movement4.7%
Market Average Movement5.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.8%

Stable Share Price: CRC has not had significant price volatility in the past 3 months.

Volatility Over Time: CRC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014970Francisco Leonwww.crc.com

California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management 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 wholesale power market and utility sector; and developing various carbon capture and storage projects in California.

California Resources Corporation Fundamentals Summary

How do California Resources's earnings and revenue compare to its market cap?
CRC fundamental statistics
Market capUS$3.33b
Earnings (TTM)US$253.00m
Revenue (TTM)US$2.32b

13.2x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CRC income statement (TTM)
RevenueUS$2.32b
Cost of RevenueUS$1.07b
Gross ProfitUS$1.25b
Other ExpensesUS$995.00m
EarningsUS$253.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.69
Gross Margin53.91%
Net Profit Margin10.93%
Debt/Equity Ratio25.8%

How did CRC perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

32%

Payout Ratio
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.