California Resources Corp Stock Analysis

CRC Stock  USD 50.36  1.63  3.34%   
California Resources Corp is undervalued with Real Value of 59.39 and Target Price of 69.0. The main objective of California Resources stock analysis is to determine its intrinsic value, which is an estimate of what California Resources Corp is worth, separate from its market price. There are two main types of California Resources' stock analysis: fundamental analysis and technical analysis.
The California Resources stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and California Resources' ongoing operational relationships across important fundamental and technical indicators.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

California Stock Analysis Notes

About 99.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.73. Some equities with similar Price to Book (P/B) outperform the market in the long run. California Resources Corp has Price/Earnings To Growth (PEG) ratio of 0.28. The entity last dividend was issued on the 31st of May 2024. The firm had 1:10 split on the 1st of June 2016. California Resources Corporation operates as an independent oil and natural gas company. The company was incorporated in 2014 and is based in Santa Clarita, California. California Resources operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 970 people. For more info on California Resources Corp please contact Todd Stevens at 888 848 4754 or go to https://www.crc.com.

California Resources Quarterly Total Revenue

518 Million

California Resources Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. California Resources' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding California Resources Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
California Resources generated a negative expected return over the last 90 days
California Resources Corp has 610 M in debt with debt to equity (D/E) ratio of 0.42, which is OK given its current industry classification. California Resources Corp has a current ratio of 0.69, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for California to invest in growth at high rates of return.
Over 99.0% of California Resources shares are held by institutions such as insurance companies
On 14th of June 2024 California Resources paid $ 0.31 per share dividend to its current shareholders
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California Resources Corp Upcoming and Recent Events

Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to California Resources previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
27th of February 2024
Upcoming Quarterly Report
View
6th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
27th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

California Largest EPS Surprises

Earnings surprises can significantly impact California Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2018-08-02
2018-06-30-0.36-0.290.0719 
2021-08-05
2021-06-300.830.940.1113 
2024-05-07
2024-03-310.630.750.1219 
View All Earnings Estimates

California Resources Environmental, Social, and Governance (ESG) Scores

California Resources' ESG score is a quantitative measure that evaluates California Resources' performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of California Resources' operations that may have significant financial implications and affect California Resources' stock price as well as guide investors towards more socially responsible investments.

California Resources Thematic Classifications

In addition to having California Resources stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Petroleum and Natural Gas Idea
Petroleum and Natural Gas
USA Equities from Petroleum and Natural Gas industry as classified by Fama & French

California Stock Institutional Investors

Shares
Victory Capital Management Inc.2024-03-31
973.6 K
Northern Trust Corp2023-12-31
860.8 K
Charles Schwab Investment Management Inc2024-03-31
844.2 K
Bank Of New York Mellon Corp2023-12-31
816.2 K
Orbis Allan Gray Ltd2024-03-31
785.1 K
Amvescap Plc.2023-12-31
759.6 K
Grantham, Mayo, Van Otterloo & Co., Llc2024-03-31
727.4 K
Private Management Group Inc2023-12-31
687 K
Nuveen Asset Management, Llc2023-12-31
673.1 K
Blackrock Inc2023-12-31
11 M
Vanguard Group Inc2024-03-31
8.1 M
Note, although California Resources' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

California Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 3.34 B.

California Profitablity

The company has Net Profit Margin of 0.11 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.11 %, which entails that for every 100 dollars of revenue, it generated $0.11 of operating income.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.14  0.07 
Return On Capital Employed 0.26  0.28 
Return On Assets 0.14  0.07 
Return On Equity 0.25  0.36 

Management Efficiency

California Resources Corp has Return on Asset of 0.0438 % which means that on every $100 spent on assets, it made $0.0438 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1209 %, implying that it generated $0.1209 on every 100 dollars invested. California Resources' management efficiency ratios could be used to measure how well California Resources manages its routine affairs as well as how well it operates its assets and liabilities. At present, California Resources' Return On Equity is projected to increase slightly based on the last few years of reporting. At present, California Resources' Non Current Assets Total are projected to decrease significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 71.9 M, whereas Total Current Assets are forecasted to decline to about 606 M.
Last ReportedProjected for Next Year
Book Value Per Share 31.88  45.23 
Tangible Book Value Per Share 31.88  48.39 
Enterprise Value Over EBITDA 3.36  4.18 
Price Book Value Ratio 1.72  1.80 
Enterprise Value Multiple 3.36  4.18 
Price Fair Value 1.72  1.80 
Enterprise ValueB2.8 B
The analysis of California Resources' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze California Resources' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of California Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0254
Operating Margin
0.1062
Profit Margin
0.1093
Forward Dividend Yield
0.0254
Beta
1.416

Technical Drivers

As of the 18th of June 2024, California Resources shows the Risk Adjusted Performance of (0.02), standard deviation of 2.74, and Mean Deviation of 2.0. California Resources Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.

California Resources Corp Price Movement Analysis

Execute Study
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. California Resources middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for California Resources Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

California Resources Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific California Resources insiders, such as employees or executives, is commonly permitted as long as it does not rely on California Resources' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases California Resources insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

California Resources Outstanding Bonds

California Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. California Resources Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most California bonds can be classified according to their maturity, which is the date when California Resources Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

California Resources Predictive Daily Indicators

California Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of California Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

California Resources Corporate Filings

8K
5th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
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F4
30th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
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F4
24th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
21st of May 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
8K
20th of May 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
10th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
9th of May 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
10Q
8th of May 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify

California Resources Forecast Models

California Resources' time-series forecasting models are one of many California Resources' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary California Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About California Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how California Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling California shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as California Resources. By using and applying California Stock analysis, traders can create a robust methodology for identifying California entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.27  0.28 
Operating Profit Margin 0.32  0.33 
Net Profit Margin 0.20  0.10 
Gross Profit Margin 0.47  0.46 

Current California Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. California analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. California analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
69.0Buy5Odds
California Resources Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most California analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand California stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of California Resources Corp, talking to its executives and customers, or listening to California conference calls.
California Analyst Advice Details

California Stock Analysis Indicators

California Resources Corp stock analysis indicators help investors evaluate how California Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading California Resources shares will generate the highest return on investment. By understating and applying California Resources stock analysis, traders can identify California Resources position entry and exit signals to maximize returns.
Begin Period Cash Flow307 M
Long Term Debt540 M
Common Stock Shares Outstanding72.5 M
Total Stockholder Equity2.2 B
Tax Provision139 M
Quarterly Earnings Growth Y O Y1.36
Property Plant And Equipment Net2.8 B
Cash And Short Term Investments496 M
Cash496 M
Accounts Payable245 M
Net Debt114 M
50 Day M A50.8024
Total Current Liabilities616 M
Other Operating Expenses1.9 B
Non Current Assets Total3.1 B
Forward Price Earnings4.2355
Non Currrent Assets Other69 M
Stock Based Compensation48 M

Complementary Tools for California Stock analysis

When running California Resources' price analysis, check to measure California Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy California Resources is operating at the current time. Most of California Resources' value examination focuses on studying past and present price action to predict the probability of California Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Resources' price. Additionally, you may evaluate how the addition of California Resources to your portfolios can decrease your overall portfolio volatility.
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