Currently, there are 71.95M common shares owned by the public and among those 57.87M shares have been available to trade.
Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 665,927 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 134,450 shares.
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The company’s stock has a 5-day price change of 3.20% and 4.13% over the past three months. CRC shares are trading -1.39% year to date (YTD), with the 12-month market performance up to 31.03% higher. It has a 12-month low price of $34.02 and touched a high of $58.44 over the same period. CRC has an average intraday trading volume of 641.72K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.42%, 4.59%, and 7.64% respectively.
Institutional ownership of California Resources Corporation (NYSE: CRC) shares accounts for 88.87% of the company’s 71.95M shares outstanding.
It has a market capitalization of $3.74B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 8.65, while the earnings-per-share (ttm) stands at $6.23. The company has a PEG of 1.24 and a Quick Ratio of 1.24 with the debt-to-equity ratio at 0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 3.00% over the month.
Analysts forecast that California Resources Corporation (CRC) will achieve an EPS of $CRC/GBP for the current quarter, $0.00 for the next quarter and $Currency for Type. The lowest estimate earnings-per-share for the quarter is $CRC/BRX while analysts give the company a high EPS estimate of $Salesforce, Inc. Comparatively, EPS for the current quarter was $Canopy Growth Corporation a year ago. Earnings per share for the fiscal year are expected to increase by 6.46%, and 22.20% over the next financial year.
Looking at the support for the CRC, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on January 05, 2024, with the firm’s price target at $64-$60.
