NYSE
CRC

California Resources Corp

Oil & Gas E&P
Energy

Prices are adjusted according to historical splits.

California Resources Corp Stock Price

Vitals

Today's Low:
$56.56
Today's High:
$57.4
Open Price:
$56.97
52W Low:
$33.7684
52W High:
$50.2534
Prev. Close:
$56.15
Volume:
388693

Company Statistics

Market Cap.:
$2.91 billion
Book Value:
29.653
Revenue TTM:
$3.48 billion
Operating Margin TTM:
35.7%
Gross Profit TTM:
$1.94 billion
Profit Margin:
28.69%
Return on Assets TTM:
19.36%
Return on Equity TTM:
56.74%

Company Profile

California Resources Corp had its IPO on 2020-10-28 under the ticker symbol CRC.

The company operates in the Energy sector and Oil & Gas E&P industry. California Resources Corp has a staff strength of 1,060 employees.

Stock update

Shares of California Resources Corp opened at $56.97 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $56.56 - $57.4, and closed at $57.4.

This is a +2.23% increase from the previous day's closing price.

A total volume of 388,693 shares were traded at the close of the day’s session.

In the last one week, shares of California Resources Corp have increased by +0.91%.

California Resources Corp's Key Ratios

California Resources Corp has a market cap of $2.91 billion, indicating a price to book ratio of 1.709 and a price to sales ratio of 1.0101.

In the last 12-months California Resources Corp’s revenue was $3.48 billion with a gross profit of $1.94 billion and an EBITDA of $1.45 billion. The EBITDA ratio measures California Resources Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, California Resources Corp’s operating margin was 35.7% while its return on assets stood at 19.36% with a return of equity of 56.74%.

In Q1, California Resources Corp’s quarterly earnings growth was a negative -87.3% while revenue growth was a positive 37.3%.

California Resources Corp’s PE and PEG Ratio

Forward PE
6.1996
Trailing PE
3.1266
PEG
0.248

Its diluted EPS in the last 12-months stands at $13.07 per share while it has a forward price to earnings multiple of 6.1996 and a PEG multiple of 0.248. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into California Resources Corp’s profitability.

California Resources Corp stock is trading at a EV to sales ratio of 1.094 and a EV to EBITDA ratio of 2.849. Its price to sales ratio in the trailing 12-months stood at 1.0101.

California Resources Corp stock pays annual dividends of $0.905 per share, indicating a yield of 2.79% and a payout ratio of 15.78%.

Balance sheet and cash flow metrics

Total Assets
$3.85 billion
Total Liabilities
$717.00 million
Operating Cash Flow
$-61000000.00
Capital Expenditure
$47 million
Dividend Payout Ratio
15.78%

California Resources Corp ended 2024 with $3.85 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.85 billion while shareholder equity stood at $2.09 billion.

California Resources Corp ended 2024 with $0 in deferred long-term liabilities, $717.00 million in other current liabilities, 1000000.00 in common stock, $1.22 billion in retained earnings and $0 in goodwill. Its cash balance stood at $477.00 million and cash and short-term investments were $477.00 million. The company’s total short-term debt was $154,000,000 while long-term debt stood at $592.00 million.

California Resources Corp’s total current assets stands at $972.00 million while long-term investments were $14.00 million and short-term investments were $0. Its net receivables were $279.00 million compared to accounts payable of $558.00 million and inventory worth $64.00 million.

In 2024, California Resources Corp's operating cash flow was $-61000000.00 while its capital expenditure stood at $47 million.

Comparatively, California Resources Corp paid $0.16 in dividends in 2024.

Other key metrics

Current Trading Price
$57.4
52-Week High
$50.2534
52-Week Low
$33.7684
Analyst Target Price
$53.83

California Resources Corp stock is currently trading at $57.4 per share. It touched a 52-week high of $50.2534 and a 52-week low of $50.2534. Analysts tracking the stock have a 12-month average target price of $53.83.

Its 50-day moving average was $52.11 and 200-day moving average was $43.61 The short ratio stood at 4.39 indicating a short percent outstanding of 0%.

Around 20.4% of the company’s stock are held by insiders while 9942.6% are held by institutions.

Frequently Asked Questions About California Resources Corp

The stock symbol (also called stock or share ticker) of California Resources Corp is CRC

The IPO of California Resources Corp took place on 2020-10-28

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About

California Resources Corporation operates as an independent oil and natural gas exploration and production 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 local utility and the grid. The company was incorporated in 2014 and is based in Long Beach, California.

Address

27200 Tourney Road, Santa Clarita, CA, United States, 91355