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CRC

CRC - California Resources Corp Stock Price, Fair Value and News

48.75USD-0.29 (-0.59%)Delayed as of 14 Jun 2024, 03:18 pm ET

Market Summary

CRC
USD48.75-0.29
Delayedas of 14 Jun 2024, 03:18 pm
-0.59%

CRC Alerts

  • 1 major insider buys and 1 major insider sales recently.
  • Big fall in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

CRC Stock Price

View Fullscreen

CRC RSI Chart

CRC Valuation

Market Cap

3.4B

Price/Earnings (Trailing)

13.28

Price/Sales (Trailing)

1.51

EV/EBITDA

6.11

Price/Free Cashflow

14.12

CRC Price/Sales (Trailing)

CRC Profitability

EBT Margin

15.82%

Return on Equity

12.09%

Return on Assets

6.47%

Free Cashflow Yield

7.08%

CRC Fundamentals

CRC Revenue

Revenue (TTM)

2.2B

Rev. Growth (Yr)

-55.66%

Rev. Growth (Qtr)

-37.47%

CRC Earnings

Earnings (TTM)

253.0M

Earnings Growth (Yr)

-103.32%

Earnings Growth (Qtr)

-105.32%

Breaking Down CRC Revenue

52 Week Range

48.85
(Low)(High)

Last 7 days

4.0%

Last 30 days

2.4%

Last 90 days

-9.1%

Trailing 12 Months

16.1%

How does CRC drawdown profile look like?

CRC Financial Health

Current Ratio

1.41

Debt/Equity

0.26

Debt/Cashflow

0.79

CRC Investor Care

Dividend Yield

3.57%

Dividend/Share (TTM)

1.75

Buy Backs (1Y)

3.88%

Diluted EPS (TTM)

3.52

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20242.2B000
20233.6B3.4B2.8B2.8B
20221.6B1.9B2.5B2.7B
20211.7B1.9B1.6B1.9B
20202.5B2.1B1.7B2.0B
20193.1B3.2B3.1B2.6B
20182.0B2.1B2.5B3.1B
20171.8B1.9B1.9B2.0B
20162.1B1.8B1.7B1.5B
20153.6B3.1B2.7B2.4B
20144.3B4.2B4.2B4.2B
2013004.2B4.3B
20120004.1B
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Tracking the Latest Insider Buys and Sells of California Resources Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 29, 2024
mcfarland mark allen
sold
-850,385
47.2436
-18,000
-
May 28, 2024
mcfarland mark allen
sold
-1,779,710
48.1003
-37,000
-
May 24, 2024
mcfarland mark allen
sold
-3,538,530
47.1804
-75,000
-
May 23, 2024
roby william b
bought
18,245
46.965
388
-
May 23, 2024
mcfarland mark allen
sold
-2,573,340
46.788
-55,000
-
May 22, 2024
mcfarland mark allen
sold
-2,364,600
47.2921
-50,000
-
May 08, 2024
hayat omar
sold (taxes)
-5,209
50.09
-104
evp - operations
May 08, 2024
molina peralta manuela
sold (taxes)
-199,358
50.09
-3,980
evp and cfo
May 03, 2024
neeman brady nicole elana
acquired
-
-
3,705
-
May 03, 2024
cepak tiffany thom
acquired
-
-
6,021
-

1–10 of 50

Which funds bought or sold CRC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
new
-
6,449
6,449
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
unchanged
-
-1,000
271,000
-%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
10,000
1,257,000
0.01%
May 20, 2024
EMC Capital Management
new
-
540,000
540,000
0.32%
May 20, 2024
CIM, LLC
added
0.67
5,792
499,736
0.08%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-72.59
-3,226,300
1,231,100
-%
May 16, 2024
Pineridge Advisors LLC
sold off
-100
-13,506
-
-%
May 16, 2024
Tidal Investments LLC
reduced
-8.65
-47,680
552,433
0.01%
May 16, 2024
LEVIN CAPITAL STRATEGIES, L.P.
reduced
-75.21
-7,639,600
2,543,960
0.25%
May 16, 2024
COMERICA BANK
added
7.36
134,262
1,774,730
0.01%

1–10 of 39

Are Funds Buying or Selling CRC?

Are funds buying CRC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CRC
No. of Funds

Unveiling California Resources Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
11.30%
7,756,240
SC 13G/A
Feb 09, 2024
solar projects llc
8.96%
6,148,821
SC 13G/A
Feb 09, 2024
fmr llc
-
0
SC 13G/A
Jan 31, 2024
kimmeridge energy management company, llc
5.1%
3,498,554
SC 13G
Jan 22, 2024
blackrock inc.
16.0%
10,993,936
SC 13G/A
Jul 07, 2023
blackrock inc.
16.6%
11,731,390
SC 13G/A
Mar 10, 2023
vanguard group inc
10.31%
7,368,694
SC 13G/A
Feb 21, 2023
goldentree asset management lp
3.5%
2,543,115
SC 13D/A
Feb 14, 2023
solar projects llc
8.37%
6,148,821
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A

Recent SEC filings of California Resources Corp

View All Filings
Date Filed Form Type Document
Jun 05, 2024
8-K
Current Report
Jun 05, 2024
DEFA14A
DEFA14A
May 30, 2024
4
Insider Trading
May 29, 2024
144
Notice of Insider Sale Intent
May 28, 2024
144
Notice of Insider Sale Intent
May 24, 2024
144
Notice of Insider Sale Intent
May 24, 2024
4
Insider Trading
May 24, 2024
4
Insider Trading
May 23, 2024
144
Notice of Insider Sale Intent
May 22, 2024
144
Notice of Insider Sale Intent

Peers (Alternatives to California Resources Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
433.8B
341.1B
-6.51% 4.61%
13.22
1.27
-16.75% -46.83%
281.5B
198.9B
-6.61% -2.74%
13.87
1.42
-18.05% -43.28%
53.0B
27.7B
-5.19% 2.26%
12.27
1.92
-22.75% -55.41%
15.6B
6.6B
4.18% 21.35%
10.89
2.38
-17.48% -47.38%
11.3B
6.4B
-5.32% 7.80%
10.67
1.75
-54.63% -85.10%
MID-CAP
8.8B
2.2B
-0.55% 39.04%
18.3
4.01
-62.59% -77.29%
3.9B
2.5B
5.21% 49.88%
3.84
1.53
-6.59% -31.79%
3.4B
2.7B
-12.48% 0.29%
9.56
1.23
2.93% 8.77%
2.5B
1.7B
-11.64% -11.64%
11.45
1.47
-15.13% -28.06%
2.4B
2.1B
12.10% 1.07%
5.93
1.13
-35.04% -60.65%
SMALL-CAP
229.4M
304.0M
-6.00% -14.20%
7.5
0.75
-28.78% -93.34%
137.2M
257.2M
-24.02% -54.68%
-3.1
0.53
7.59% 61.82%
75.2M
205.5M
-18.54% -26.65%
-1.32
0.37
-40.02% -142.55%
68.0M
2.8B
-3.71% -22.14%
39.68
0.02
-15.01% 137.22%
26.0M
24.4M
-6.83% -3.72%
-7.99
1.06
-16.16% -245.04%

California Resources Corp News

Latest updates
Investing.com4 hours ago

California Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Revenue-37.5%4547264605911,0246821,125747153430549478432152850312245573610681653
Costs and Expenses-0.9%464468475444638549536473-------------
Operating Expenses-464-475444638-536473396-468394436--422-----
  S&GA Expenses-13.6%57.0066.0065.0071.0065.0059.0059.0056.0048.0053.0051.0048.0048.0040.0079.0064.0069.0060.0062.0066.0079.00
EBITDA Margin-26.1%0.26*0.35*0.30*0.41*0.43*0.35*0.47*0.37*0.20*0.23*-0.01*1.16*1.35*--------
Income Taxes-111.4%-9.0079.00-8.0038.0075.0034.0015376.00-26.00-396--------1.00--
Earnings Before Taxes-107.1%-19.00267-30.00135376117579266-201318107-107-89.00-1252,250-7.00-247-1,745-24.0012741.00
EBT Margin-40.8%0.16*0.27*0.22*0.35*0.37*0.28*0.39*0.26*0.07*0.12*-0.13*1.01*1.16*--------
Net Income-105.3%-10.00188-22.0097.0030183.00426190-175714103-111-94.00-1232,189-29.00-271-1,796-67.0094.0012.00
Net Income Margin-43.7%0.11*0.20*0.17*0.27*0.28*0.19*0.47*0.44*0.33*0.32*-0.14*0.97*1.11*--------
Free Cashflow-49.2%33.0065.0071.0069.0026339.0012883.0061.0013813177.00120--------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Assets-2.2%3,9103,9983,9523,9004,0003,9673,9864,0184,0323,8463,3423,2403,1803,0743,2884,8564,9304,9746,9587,0357,032
  Current Assets-9.7%839929929867972864884851834753657577461329515420403356491510522
    Cash Equivalents-18.7%40349647944847730735832432830518915113028.0020312212677.0017.0022.0027.00
  Inventory-2.8%70.0072.0071.0069.0064.0060.0059.0057.0056.0060.0060.0058.0059.0061.0061.0061.0061.0060.0067.0066.0070.00
  Net PPE------------------4,5386,3526,4036,409
  Current Liabilities-3.6%5946166945827178949321,2081,2058549578866224734461,1945,759543709721610
  Long Term Debt0.2%541540589593592592591591590589589589588597723---4,877--
    LT Debt, Current-----------------5,083-100--
    LT Debt, Non Current0.2%541540589593592592591591590589589589588597723---4,877--
Shareholder's Equity-5.7%2,0932,2192,0502,1102,0921,8641,8551,5171,4331,6881,0529151,0811,1821,269------
  Retained Earnings-2.3%1,3871,4191,2531,2951,219938876463286475-225-328-217-123--7,466-7,437-7,166-5,370-5,303-5,397
  Additional Paid-In Capital-2.6%1,2951,3291,3241,3171,3111,3051,3011,2961,2931,2881,2861,2731,2701,2681,2535,1485,0085,0065,0045,0004,994
Accumulated Depreciation------------------18,37216,53716,42516,308
Shares Outstanding-0.2%69.0069.0069.0069.0071.0072.0074.0077.0079.0082.0083.0083.0083.0083.0049.0050.0049.00----
Minority Interest------------22.0035.0044.0076.0068.0076.0088.0093.00100129
Float----3,121---2,901---2,467----59.00---945
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Cashflow From Operations-33.6%87.00131104108310114235181160204182127147-12.0020548.00-135228136268114
Cashflow From Investing-16.7%-49.00-42.00-28.00-44.00-61.00-79.00-109-76.00-53.00-10.00-88.00-43.00-20.00-7.00-14.00-1.00-15.00-12.00-103-12112.00
Cashflow From Financing-81.9%-131-72.00-45.00-93.00-79.00-86.00-92.00-109-84.00-78.00-56.00-63.00-25.00-156-50.00-51.00199-156-38.00-152-142
  Dividend Payments-4.5%21.0022.0019.0020.0020.0020.0013.0013.0013.0014.00-----------
  Buy Backs-58.00-20.0064.0059.0066.0080.0096.0071.0064.0039.0045.00---------
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CRC Income Statement

2024-03-31
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES  
Oil, natural gas and NGL sales$ 429$ 715
Net (loss) gain from commodity derivatives(71)42
Total operating revenues4541,024
OPERATING EXPENSES  
Operating costs176254
General and administrative expenses5765
Depreciation, depletion and amortization5358
Asset impairment03
Taxes other than on income3842
Exploration expense11
Accretion expense1212
Carbon management business expenses85
Other operating expenses, net378
Total operating expenses464638
Gain on asset divestitures67
OPERATING (LOSS) INCOME(4)393
NON-OPERATING (EXPENSES) INCOME  
Interest and debt expense(13)(14)
Loss from investment in unconsolidated subsidiary(3)(2)
Other non-operating income (loss)1(1)
(LOSS) INCOME BEFORE INCOME TAXES(19)376
Income tax benefit (provision)9(75)
NET (LOSS) INCOME$ (10)$ 301
Net (loss) income per share  
Basic (in dollars per share)$ (0.14)$ 4.22
Diluted (in dollars per share)$ (0.14)$ 4.09
Weighted-average common shares outstanding  
Basic (in shares)69.071.3
Diluted (in shares)69.073.5
Revenue from marketing of purchased commodities  
REVENUES  
Revenue not from contract with customer$ 74$ 187
OPERATING EXPENSES  
Costs of sales54124
Electricity sales  
REVENUES  
Revenue not from contract with customer1568
Interest and other revenue  
REVENUES  
Revenue not from contract with customer712
Electricity generation expenses  
OPERATING EXPENSES  
Costs of sales849
Transportation costs  
OPERATING EXPENSES  
Costs of sales$ 20$ 17

CRC Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS  
Cash and cash equivalents$ 403$ 496
Trade receivables192216
Inventories7072
Assets held for sale1313
Receivable from affiliate6619
Other current assets, net95113
Total current assets839929
PROPERTY, PLANT AND EQUIPMENT3,5143,437
Accumulated depreciation, depletion and amortization(721)(667)
Total property, plant and equipment, net2,7932,770
INVESTMENT IN UNCONSOLIDATED SUBSIDIARY1619
DEFERRED INCOME TAXES139132
OTHER NONCURRENT ASSETS123148
TOTAL ASSETS3,9103,998
CURRENT LIABILITIES  
Accounts payable251245
Liabilities associated with assets held for sale55
Accrued liabilities338366
Total current liabilities594616
NONCURRENT LIABILITIES  
Long-term debt, net541540
Asset retirement obligations429422
Other long-term liabilities253201
STOCKHOLDERS' EQUITY  
Preferred stock (20,000,000 shares authorized at $0.01 par value) no shares outstanding at March 31, 2024 and December 31, 202300
Common stock (200,000,000 shares authorized at $0.01 par value) (84,460,423 and 83,557,800 shares issued; 68,530,744 and 68,693,885 shares outstanding at March 31, 2024 and December 31, 2023)11
Treasury stock (15,929,679 shares held at cost at March 31, 2024 and 14,863,915 shares held at cost at December 31, 2023)(662)(604)
Additional paid-in capital1,2951,329
Retained earnings1,3871,419
Accumulated other comprehensive income7274
Total stockholders' equity2,0932,219
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 3,910$ 3,998
CRC
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.
 CEO
 WEBSITEcrc.com
 INDUSTRYOil - E&P
 EMPLOYEES1060

California Resources Corp Frequently Asked Questions


What is the ticker symbol for California Resources Corp? What does CRC stand for in stocks?

CRC is the stock ticker symbol of California Resources Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of California Resources Corp (CRC)?

As of Thu Jun 13 2024, market cap of California Resources Corp is 3.36 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRC stock?

You can check CRC's fair value in chart for subscribers.

What is the fair value of CRC stock?

You can check CRC's fair value in chart for subscribers. The fair value of California Resources Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of California Resources Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is California Resources Corp a good stock to buy?

The fair value guage provides a quick view whether CRC is over valued or under valued. Whether California Resources Corp is cheap or expensive depends on the assumptions which impact California Resources Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRC.

What is California Resources Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Jun 13 2024, CRC's PE ratio (Price to Earnings) is 13.28 and Price to Sales (PS) ratio is 1.51. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRC PE ratio will change depending on the future growth rate expectations of investors.