California Resources Corporation [NYSE: CRC] closed the trading session at $1.51 on 06/12/20. The day’s price range saw the stock hit a low of $1.45, while the highest price level was $1.75. The stocks have a year to date performance of -83.28 percent and weekly performance of -24.88 percent. The stock has been moved at -81.40 percent over the last six months. The stock has performed 0.00 percent around the most recent 30 days and changed -51.91 percent over the most recent 3-months.
If compared to the average trading volume of 4.58M shares, CRC reached to a volume of 6875274 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here’s what leading stock market gurus have to say about California Resources Corporation [CRC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRC shares is $1.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRC stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Imperial Capital have made an estimate for California Resources Corporation shares, keeping their opinion on the stock as In-line, with their previous recommendation back on March 25, 2020. The new note on the price target was released on March 17, 2020, representing the official price target for California Resources Corporation stock.
The Average True Range (ATR) for California Resources Corporation is set at 0.37, with the Price to Sales ratio for CRC stock in the period of the last 12 months amounting to 0.03. Price to Free Cash Flow for CRC in the course of the last twelve months was 0.31 with Quick ratio for the last quarter at 0.60.
CRC stock trade performance evaluation
California Resources Corporation [CRC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.88. With this latest performance, CRC shares dropped by 0.00% in over the last four-week period, additionally sinking by -81.40% over the last 6 months – not to mention a drop of -91.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRC stock in for the last two-week period is set at 48.03, with the RSI for the last a single of trading hit 46.60, and the three-weeks RSI is set at 45.53 for California Resources Corporation [CRC]. The present Moving Average for the last 50 days of trading for this stock 1.7564, while it was recorded at 1.7900 for the last single week of trading, and 6.2264 for the last 200 days.
California Resources Corporation [CRC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and California Resources Corporation [CRC] shares currently have an operating margin of +31.60 and a Gross Margin at +46.86. California Resources Corporation’s Net Margin is presently recorded at -1.04.
Return on Total Capital for CRC is now 15.05, given the latest momentum, and Return on Invested Capital for the company is -0.59. Additionally, CRC Total Debt to Total Capital is recorded at 108.36, with Total Debt to Total Assets ending up at 72.48.
Reflecting on the efficiency of the workforce at the company, California Resources Corporation [CRC] managed to generate an average of -$22,400 per employee. Receivables Turnover for the company is 7.54 with a Total Asset Turnover recorded at a value of 0.38.California Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.
Earnings per share (EPS) analysis for California Resources Corporation [CRC] stock
With the latest financial reports released by the company, California Resources Corporation posted 0.63/share EPS, while the average EPS was predicted by analysts to be reported at -0.43/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 246.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRC.
California Resources Corporation [CRC]: Insider Ownership positions
There are presently around $37 million, or 54.00% of CRC stock, in the hands of institutional investors. The top three institutional holders of CRC stocks are: STATE STREET CORP with ownership of 5,717,658, which is approximately 31.516% of the company’s market cap and around 1.80% of the total institutional ownership; VANGUARD GROUP INC, holding 3,685,749 shares of the stock with an approximate value of $5.57 million in CRC stocks shares; and BLACKROCK INC., currently with $4.7 million in CRC stock with ownership of nearly -9.025% of the company’s market capitalization.
Positions in California Resources Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 62 institutional holders increased their position in California Resources Corporation [NYSE:CRC] by around 4,868,131 shares. Additionally, 115 investors decreased positions by around 13,502,893 shares, while 80 investors held positions by with 6,227,067 shares. The mentioned changes placed institutional holdings at 24,598,091 shares, according to the latest SEC report filing. CRC stock had 24 new institutional investments in for a total of 1,738,318 shares, while 65 institutional investors sold positions of 8,054,981 shares during the same period.