CRC - California Resources Corporation

NYSE - NYSE Delayed Price. Currency in USD
21.50
+1.31 (+6.49%)
At close: 4:00PM EST
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Previous Close20.19
Open20.53
Bid21.15 x 2200
Ask21.38 x 1400
Day's Range20.52 - 21.68
52 Week Range13.26 - 50.34
Volume2,825,704
Avg. Volume2,303,450
Market Cap1.045B
Beta (3Y Monthly)4.19
PE Ratio (TTM)N/A
EPS (TTM)-3.40
Earnings DateFeb 27, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-09-08
1y Target Est35.64
Trade prices are not sourced from all markets
  • GlobeNewswire4 days ago

    Consolidated Research: 2019 Summary Expectations for The Trade Desk, Aduro Biotech, Walker & Dunlop, California Resources, Century Casinos, and Arsanis — Fundamental Analysis, Key Performance Indications

    NEW YORK, Feb. 14, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Futures Spread: Analyzing the Sentiments for Oil Prices
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    Futures Spread: Analyzing the Sentiments for Oil Prices

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  • Upstream Stocks Led the Declines in the Energy Sector
    Market Realist7 days ago

    Upstream Stocks Led the Declines in the Energy Sector

    Important Trends in the Energy Market Last Week(Continued from Prior Part)Energy stocksIn the week ending February 8, upstream stock Denbury Resources (DNR) fell the most among the energy stocks under review in this series, which include the

  • US Crude Oil Set to Finish January on a Higher Note
    Market Realist18 days ago

    US Crude Oil Set to Finish January on a Higher Note

    US Crude Oil Set to Finish January on a Higher NoteUS crude oil reaches a high Today, US crude oil reached an intraday high of $55.30, the highest level for active US crude oil futures since November 21. Meanwhile, the S&P 500 (SPY) had risen

  • Business Wire20 days ago

    California Resources Corporation Announces Its Fourth Quarter and Full Year 2018 Earnings Release and Conference Call

    California Resources Corporation (CRC) will host its fourth quarter and full year 2018 financial results conference call on Wednesday, February 27th at 5:00 p.m. Eastern Standard Time (2:00 p.m. Pacific Standard Time). The Company’s earnings and guidance will be released following the market close on the same date. We encourage participants to pre-register for the conference call webcast using the following link http://dpregister.com/10127347.

  • Will US Crude Oil Prices Surpass $54?
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    Will US Crude Oil Prices Surpass $54?

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  • Do Options Traders Know Something About California Resources (CRC) Stock We Don't?
    Zacks20 days ago

    Do Options Traders Know Something About California Resources (CRC) Stock We Don't?

    Investors need to pay close attention to California Resources (CRC) stock based on the movements in the options market lately.

  • Upstream Stocks Fell the Most in the Energy Sector Last Week
    Market Realist21 days ago

    Upstream Stocks Fell the Most in the Energy Sector Last Week

    Your Energy Review for the Week Ended January 25(Continued from Prior Part)Energy stocks Between January 18 and January 25, upstream stock Carrizo Oil & Gas (CRZO) fell the most among our set of selected energy stocks, which include the following

  • GlobeNewswire21 days ago

    Royale CRC 33-1 Well Flows 4,600,000 Cubic Ft. Per Day

    A 3-D seismic survey of the Rio Vista Field, that Royale recently licensed, has identified more of these types of prospects within a 4 to 5-mile trend in the field.  The next well, pending final prospect planning and permitting, is anticipated to be drilled in late February. A total of 7 more Rio Vista wells are planned to be drilled in its 2019 program as part of the joint venture agreement with CRPC.

  • New Strong Sell Stocks for January 28th
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  • US Crude Oil Heads for Its Highest Level in 2019 with Equity Rise
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  • Did Oil-Tracking ETFs Underperform Oil Last Week?
    Market Realist27 days ago

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  • Futures Spread: Less Bearish Sentiments for Oil?
    Market Realistlast month

    Futures Spread: Less Bearish Sentiments for Oil?

    Will Oil Shift to a Higher Gear? (Continued from Prior Part) ## Futures spread On January 7, US crude oil February 2019 futures closed ~$3.1 below the February 2020 futures. On December 31, the futures spread was at a discount of ~$3.2. On December 31–January 7, US crude oil February futures rose 6.8%. ## Bearish sentiments reduced for oil The market sentiment towards the oil demand and supply situation is reflected in the futures spread. A contraction in the discount is usually accompanied by a rise in oil prices. In the last four trading sessions, the spread’s discount contracted and US crude oil prices rose by nearly seven percentage points. China’s dialogue with the US about the trade war and the fall in the US oil rig count, which we discussed in Part 2, might have supported oil prices. With inventories 8% above their five-year average, there might be an expansion in the discount going forward. ## Energy stocks On December 31–January 7, oil-weighted stocks California Resources (CRC), Callon Petroleum (CPE), and Denbury Resources (DNR) rose 20.2%, 21.6%, and 28.7%, respectively, and outperformed their peers. ## Forward curve As of January 7, US crude oil futures contracts for delivery for the next year were priced in ascending order. The price pattern is a negative sign for ETFs that follow US crude oil futures like the ProShares Ultra Bloomberg Crude Oil ETF (UCO) and the United States 12 Month Oil ETF (USL). Browse this series on Market Realist: * Part 1 - Will Oil Shift to a Higher Gear? * Part 2 - US Oil Production Growth Might Be Slower in 2019 * Part 3 - Falling Inventories Didn’t Help Oil’s Rise

  • Oil ETFs Rose More than Oil Last Week
    Market Realistlast month

    Oil ETFs Rose More than Oil Last Week

    What Happened in the Energy Sector Last Week (Continued from Prior Part) ## Oil-tracking ETFs Between December 28 and January 4, the United States Oil ETF (USO), United States 12-Month Oil ETF (USL), and ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 6.8%, 7.4%, and 14%, respectively. These ETFs track US crude oil futures. USO holds active US crude oil futures, while USL holds US crude oil futures deliverable for each of the next 12 months. UCO tracks daily changes in the Bloomberg WTI Crude Oil Subindex. USO and USL outperformed US crude oil February futures, which rose 5.8% last week. Higher oil prices can boost oil-weighted stocks. California Resources (CRC), Callon Petroleum (CPE), and Denbury Resources (DNR), the strongest oil-weighted stocks, rose 14%, 14%, and 27.3%, respectively, last week. ## Long-term returns and forward curve Between February 11, 2016, and January 4, 2018, US crude oil active futures rose 83% from their 12-year low. USO, USL, and UCO rose 27.4%, 33.3%, and 13%, respectively. A negative roll yield, which occurs when expiring futures’ contract prices are lower than the following month’s futures contract prices, may have caused the lower returns. UCO’s actual and expected returns could also be different due to daily price changes. In a cost-of-carry model, ETFs’ underperformance due to negative roll yields reflects storage costs. On January 4, US crude oil futures for delivery next year closed in ascending order, which could be a negative sign for these ETFs’ returns. Continue to Next Part Browse this series on Market Realist: * Part 1 - What Goldman Sachs Thinks about Oil * Part 2 - Last Week in Review: Energy Outperforms Other Sectors * Part 3 - Last Week’s Top Energy Stocks

  • Market Realistlast month

    Last Week’s Top Energy Stocks

    What Happened in the Energy Sector Last Week (Continued from Prior Part) ## Energy stocks Between December 28 and January 4, upstream stock Denbury Resources (DNR) gained the most among our selected energy stocks, which included the following ETFs: * the Alerian MLP ETF (AMLP) * the Energy Select Sector SPDR ETF (XLE) * the VanEck Vectors Oil Services ETF (OIH) * the VanEck Vectors Oil Refiners ETF (CRAK) * the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) In addition to US energy companies, some foreign-headquartered integrated energy companies listed in the United States were also included: * Imperial Oil (IMO) * China Petroleum & Chemical (SNP) * Total (TOT) * YPF (YPF) * Petrobras (PBR) * BP (BP) ## Other strong performers Upstream stocks California Resources (CRC) and Callon Petroleum (CPE) were the fourth- and fifth-strongest gainers among our selected energy stocks last week, and oilfield services stock Nabors Industries (NBR) and midstream stock Shell Midstream Partners (SHLX) were second and third strongest. Among major energy ETFs, the Alerian MLP ETF (AMLP), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), and the VanEck Vectors Oil Services ETF (OIH) were the top three gainers. ## Energy commodities and the broader market Broader markets’ rise and oil’s recovery may have helped the above energy stocks, which also beat energy commodities and the broader market last week. US crude oil February futures rose 5.6%, natural gas February futures fell 7.8%, and the S&P 500 rose 1.9%. Continue to Next Part Browse this series on Market Realist: * Part 1 - What Goldman Sachs Thinks about Oil * Part 2 - Last Week in Review: Energy Outperforms Other Sectors * Part 4 - Oil ETFs Rose More than Oil Last Week

  • What Goldman Sachs Thinks about Oil
    Market Realistlast month

    What Goldman Sachs Thinks about Oil

    What Happened in the Energy Sector Last Week ## Goldman Sachs’s views on oil prices Goldman Sachs (GS) slashed its average WTI and Brent crude oil price estimates to $55.50 and $62.50 per barrel this year, from $64.50 and $70, respectively. Concerns about an economic slowdown could be behind the lower forecast, which still implies a 15.7% upside for WTI. ## US crude oil last week Between December 28 and January 4, US crude oil February futures rose 5.8% and closed at $47.96. US equity indexes’ recovery might have limited oil’s downside. ## Important price points For US crude oil, its 20-day and 50-day moving averages of $48.35 and $54.61, respectively, are important resistance zones. On the upside, $50.26 could be important for US crude oil until January 11. A rise in oil prices could boost oil-weighted stocks. California Resources (CRC), Callon Petroleum (CPE), and Denbury Resources (DNR), the strongest oil-weighted stocks, rose 14%, 14%, and 27.3%, respectively, last week. Any changes in US crude oil prices could affect US equity indexes such as the S&P 500 (SPY) and Dow Jones Industrial Average (DIA), which we’ll discuss next.  Continue to Next Part Browse this series on Market Realist: * Part 2 - Last Week in Review: Energy Outperforms Other Sectors * Part 3 - Last Week’s Top Energy Stocks * Part 4 - Oil ETFs Rose More than Oil Last Week

  • Oil Wasn’t the Only Catalyst for Oil-Weighted Stocks
    Market Realist2 months ago

    Oil Wasn’t the Only Catalyst for Oil-Weighted Stocks

    How Oil-Weighted Stocks Performed Last Quarter(Continued from Prior Part)Oil-weighted stocks The following oil-weighted stocks could be the most sensitive to US crude oil’s movements. They might be impacted the most by oil’s price movement based on their correlations with US crude oil active futures in the fourth quarter of 2018: Denbury Resources (DNR) at 64.

  • Market Realist2 months ago

    Why Certain Oil-Weighted Stocks Outperformed Last Quarter

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  • Oil’s Futures Spread: An Interesting Divergence
    Market Realist2 months ago

    Oil’s Futures Spread: An Interesting Divergence

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  • Oil Is Soaring, Taking These Dozen Oil Stocks Up With It
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  • Futures Spread Indicates Weakness in Oil Prices
    Market Realist2 months ago

    Futures Spread Indicates Weakness in Oil Prices

    Why Oil Prices Are Helpless(Continued from Prior Part)Futures spread On December 24, US crude oil February 2019 futures closed ~$3.1 below the February 2020 futures. On December 17, the futures spread was at a discount of ~$2.

  • Business Wire2 months ago

    California Resources Corporation to Participate in January 2019 Investor Conference

    California Resources Corporation , an independent California-based oil and gas exploration and production company, announced that Mark Smith, CRC’s Sr. Executive Vice President and Chief Financial Officer, will be participating in the Goldman Sachs Global Energy Conference 2019 on January 8, 2019 in Miami, Florida.

  • Oil Is Cratering, Taking These Oil Stocks With It
    Motley Fool2 months ago

    Oil Is Cratering, Taking These Oil Stocks With It

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  • Has California Resources (CRC) Outpaced Other Oils-Energy Stocks This Year?
    Zacks2 months ago

    Has California Resources (CRC) Outpaced Other Oils-Energy Stocks This Year?

    Is (CRC) Outperforming Other Oils-Energy Stocks This Year?

  • Are Options Traders Betting on a Big Move in California Resources (CRC) Stock?
    Zacks2 months ago

    Are Options Traders Betting on a Big Move in California Resources (CRC) Stock?

    Investors need to pay close attention to California Resources (CRC) stock based on the movements in the options market lately.