California Stock Analysis

CRC
 Stock
  

USD 44.71  0.34  0.77%   

The current bullish price patterns experienced by current California Resources Corp shareholders could raise concerns from investors as the firm is trading at a share price of 44.71 on 721,935 in volume. The company executives have been very successful in rebalancing the firm assets at opportune times to take advantage of market volatility in July. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.95. The current volatility is consistent with the ongoing market swings in July 2022 as well as with California Resources unsystematic, company-specific events.
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The California Resources stock analysis report makes it easy to digest most publicly released information about California Resources and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. California Stock analysis module also helps to analyze the California Resources price relationship with some important fundamental indicators such as market cap and management efficiency.

California Stock Analysis Notes

About 96.0% of the company shares are held by institutions such as insurance companies. The book value of California Resources was currently reported as 13.02. The company has Price/Earnings To Growth (PEG) ratio of 1.57. California Resources Corp recorded earning per share (EPS) of 46.75. The entity next dividend is scheduled to be issued on the 31st of May 2022. 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 www.crc.com.

California Resources Quarterly Cost of Revenue

302 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 Corp was previously known as CALIFORNIA RESOURCES CORP and was traded on New York Stock Exchange under the symbol CRC.
The company has 635 M in debt with debt to equity (D/E) ratio of 0.44, which is OK given its current industry classification. California Resources Corp has a current ratio of 0.68, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist California Resources until it has trouble settling it off, either with new capital or with free cash flow. So, California Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like California Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for California to invest in growth at high rates of return. When we think about California Resources' use of debt, we should always consider it together with cash and equity.
Over 96.0% of California Resources shares are held by institutions such as insurance companies
On 16th of June 2022 California Resources paid $ 0.17 per share dividend to its current shareholders

California Resources Corp Upcoming and Recent Events

Earnings reports are used by California Resources to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. 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.
Upcoming Quarterly Report24th of February 2022
Next Financial Report12th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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 
2022-05-05
2022-03-311.261.13-0.1310 
View All Earnings Estimates

California Resources SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. California Resources prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that California Resources investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial California Resources Corp specific information freely available to individual and institutional investors to make a timely investment decision.
3rd of August 2022
Financial Statements and Exhibits. Other Events. Regulation FD Disclosure. Results of Operations and Financial Condition
View
17th of June 2022
Unclassified Corporate Event
View
7th of June 2022
Unclassified Corporate Event
View
6th of May 2022
Unclassified Corporate Event. Unclassified Corporate Event. Unclassified Corporate Event. Unclassified Corporate Event. Completion of Acquisition or Disposition of Assets
View
5th of May 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
14th of April 2022
Unclassified Corporate Event
View
30th of March 2022
Unclassified Corporate Event
View
23rd of March 2022
Unclassified Corporate Event
View

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
USA Equities from Petroleum and Natural industry as classified by Fama & French

California Market Capitalization

The company currently falls under 'Mid-Cap' category with total capitalization of 3.59 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate California Resources's market, we take the total number of its shares issued and multiply it by California Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

California Profitablity

California Resources' profitability indicators refer to fundamental financial ratios that showcase California Resources' ability to generate income relative to its revenue or operating costs. If, let's say, California Resources is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, California Resources' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of California Resources' profitability requires more research than a typical breakdown of California Resources' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 19.64 %, which may imply that it executes well on its competitive polices and has reasonable control over its expenses and variable costs. This is very large. In the same way, it shows Net Operating Margin of 16.79 %, which entails that for every 100 dollars of revenue, it generated 0.17 of operating income.
Last ReportedProjected for 2022
Return on Investment 8.15  8.79 
Return on Average Assets 0.21  0.23 
Return on Average Equity 0.60  0.65 
Return on Invested Capital 0.10  0.08 
Return on Sales 0.13  0.14 

Management Efficiency

The entity has Return on Asset of 4.23 % which means that on every $100 spent on asset, it made $4.23 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 42.88 %, implying that it generated $42.88 on every 100 dollars invested. California Resources management efficiency ratios could be used to measure how well california resources corp manages its routine affairs as well as how well it operates its assets and liabilities. California Resources Return on Investment is projected to increase based on the last few years of reporting. The past year's Return on Investment was at 8.15. The current year Return on Average Assets is expected to grow to 0.23, whereas Return on Invested Capital is forecasted to decline to 0.08. California Resources Total Assets are projected to decrease significantly based on the last few years of reporting. The past year's Total Assets were at 3.46 Billion. The current year Assets Non Current is expected to grow to about 3.8 B, whereas Current Assets are forecasted to decline to about 798.4 M.
Last ReportedProjected for 2022
Book Value per Share 23.67  25.54 
Enterprise Value over EBIT 12.60  12.53 
Enterprise Value over EBITDA 7.14  7.10 
Price to Book Value 1.83  1.82 
Tangible Assets Book Value per Share 42.21  43.32 
Enterprise Value3.5 B3.4 B
Tangible Asset Value3.5 B4.4 B

Technical Drivers

As of the 10th of August, California Resources shows the Downside Deviation of 3.42, risk adjusted performance of 0.0457, and Mean Deviation of 2.39. 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. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for California Resources Corp, which can be compared to its rivals. Please confirm California Resources Corp treynor ratio, and the relationship between the variance and potential upside to decide if California Resources Corp is priced correctly, providing market reflects its regular price of 44.71 per share. Given that California Resources has jensen alpha of 0.1008, we suggest you to validate California Resources Corp's prevailing market performance to make sure the company can sustain itself at a future point.

California Resources Corp Price Movement Analysis

The output start index for this execution was thirty-five with a total number of output elements of twenty-six. 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.
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California Resources Technical and Predictive Indicators

California Resources Forecast Models

California Resources time-series forecasting models is one of many California Resources' stock analysis techniquest aimed to predict 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 stock 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 stock is reacting to, or reflecting on a current stock 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 2022
Operating Margin 18.73  15.14 
EBITDA Margin 0.23  0.29 
Gross Margin 0.51  0.60 
Profit Margin 0.37  0.40 
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.

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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding California Resources to your portfolios without increasing risk or reducing expected return.

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Continue to Trending Equities. Note that the California Resources Corp information on this page should be used as a complementary analysis to other California Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running California Resources Corp 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 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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Is California Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of California Resources. If investors know California will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about California Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.83
Market Capitalization
3.3 B
Quarterly Revenue Growth YOY
0.49
Return On Assets
0.0493
Return On Equity
0.69
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because California Resources' market value can be influenced by many factors that don't directly affect California Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine California Resources value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.