Taking the lead: California Resources Corporation (CRC)

With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $55.62 whereas the lowest price it dropped to was $54.64. The 52-week range on CRC shows that it touched its highest point at $58.44 and its lowest point at $37.21 during that stretch. It currently has a 1-year price target of $60.67. With its current market cap of 3.79 billion, CRC has annualized dividend of $1.19 while the current yield stands at 2.15%. Beta for the stock currently stands at 1.48.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRC was down-trending over the past week, with a drop of -1.75%, but this was up by 4.59% over a month. Three-month performance dropped to -1.38% while six-month performance fell -4.57%. The stock gained 44.73% in the past year, while it has gained 0.77% so far this year. A look at the trailing 12-month EPS for CRC yields 7.72 with Next year EPS estimates of 6.83. For the next quarter, that number is 0.71. This implies an EPS growth rate of 18.97% for this year and 11.82% for next year. EPS is expected to grow by 7.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.81%.

Float and Shares Shorts:

At present, 68.69 million CRC shares are outstanding with a float of 57.68 million shares on hand for trading. On Mar 15, 2024, short shares totaled 5.57 million, which was 8.10% higher than short shares on Feb 15, 2024. In addition to Mr. Francisco J. Leon as the firm’s CEO, President & Director, Mr. Manuela Molina serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 104.83% of CRC’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.