|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.32 - 24.73|
|52 Week Range||6.47 - 25.32|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.33|
On April 19, US crude oil June futures closed at $68.33 per barrel, just 0.2% below their high in over threes years. Prices fell as traders booked profits following a 2.1% rise in the trailing five trading days.
On April 11–18, 2018, our list of oil-weighted stocks rose 8.8%. US crude oil June futures rose 2.6% during this period. In the seven calendar days to April 18, the oil-weighted stocks with the largest gains were: Oasis Petroleum (OAS) rose 17.6%. WPX Energy (WPX) rose 13.6%. California Resources (CRC) rose 13.1%.
On April 18, 2018, US crude oil June futures rose 2.9% and closed at $68.47 per barrel—the highest closing level for US crude oil active futures since December 2014.
As of March 29, 2018, Southwestern Energy’s (SWN) total shares shorted (or short interest) stood at ~50.9 million, whereas its average daily volume is ~20.8 million. This means the short interest ratio for SWN stock is ~2.5x. In January 2018, the short interest ratio for SWN’s stock made a 52-week low of ~1.5x. Southwestern Energy’s short interest ratio has a 52-week high of ~3.0x, which was made in December 2017. Here Southwestern Energy stock’s average daily volume is calculated for the short interest reporting period from March 16, 2018, to March 29, 2018.
On March 29, 2018, ConocoPhillips’ (COP) total shares shorted (short interest) stood at ~23.9 million, whereas its average daily volume stood at ~6.6 million, making COP’s short interest ratio ~3.6x.
Between April 4 and April 11, 2018, our list of oil-weighted stocks rose 8.2%, which was 2.8% more than the rise in US crude oil May futures. In the past five trading sessions, the oil-weighted stocks with the largest gains were: California Resources (CRC): rose 21.4% Carrizo Oil & Gas (CRZO): rose 12.1% Whiting Petroleum (WLL): rose 11.5%
LOS ANGELES (AP) — Oil and gas companies drilling in state waters off Southern California violated regulations nearly 400 times in the past three years, according to a report being released Wednesday by an environmental group.
Chevron's (CVX) divestment of Elk Hills Field's stake to California Resources is going to result in cash flow and synergy benefits, along with long-term growth opportunities for the latter.
On April 9, 2018, US crude oil May futures rebounded 2.2% and closed at $63.42 per barrel. The gain helped US crude oil active futures rise above their 20-day moving average on the same date. US crude oil May futures rose 0.7% on April 2–April 9, 2018.
California Resources Corporation today announced that it has executed and closed a purchase and sale agreement with Chevron to acquire the remaining working, surface and mineral interests in the 47,000-acre Elk Hills field in the San Joaquin Basin of California.
California Resources Corporation will host its first quarter financial results conference call on Thursday, May 3rd at 5:00 pm EDT . The Company’s earnings and guidance will be released following the market close on the same date.
California Resources Corporation announced that Todd Stevens, President and CEO, will be presenting at the Independent Petroleum Association of America 24th Annual Oil & Gas Investment Symposium New York on April 10th at 1:00 pm EDT.