CRC Stock Price, California Resources Quote, Chart

Market Summary

USD55.01-0.78

Market Closed

-1.40%

CRC Stock Price

View Fullscreen

CRC RSI Chart

CRC Valuation

Market Cap

3.8B

Price/Earnings (Trailing)

6.76

Price/Sales (Trailing)

1.36

EV/EBITDA

3.96

Price/Free Cashflow

8.14

CRC Price/Sales (Trailing)

CRC Profitability

EBT Margin

26.70%

Return on Equity

25.42%

Return on Assets

14.11%

Free Cashflow Yield

12.28%

CRC Fundamentals

CRC Revenue

Revenue (TTM)

2.8B

Rev. Growth (Yr)

6.45%

Rev. Growth (Qtr)

57.83%

CRC Earnings

Earnings (TTM)

564.0M

Earnings Growth (Yr)

126.51%

Earnings Growth (Qtr)

954.55%

Breaking Down CRC Revenue

Last 7 days

-1.3%

Last 30 days

1.9%

Last 90 days

9.3%

Trailing 12 Months

33.8%

How does CRC drawdown profile look like?

CRC Financial Health

Current Ratio

1.51

Debt/Equity

0.24

Debt/Cashflow

1.21

CRC Investor Care

Dividend Yield

2.1%

Dividend/Share (TTM)

1.16

Buy Backs (1Y)

3.10%

Diluted EPS (TTM)

7.75

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	3.6B	3.4B	2.8B	2.8B
2022	1.6B	1.9B	2.5B	2.7B
2021	1.7B	1.9B	1.6B	1.9B
2020	2.5B	2.1B	1.7B	2.0B
2019	3.1B	3.2B	3.1B	2.6B
2018	2.0B	2.1B	2.5B	3.1B
2017	1.8B	1.9B	1.9B	2.0B
2016	2.1B	1.8B	1.7B	1.5B
2015	3.6B	3.1B	2.7B	2.4B
2014	4.3B	4.2B	4.2B	4.2B
2013	0	0	4.2B	4.3B
2012	0	0	0	4.1B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of California Resources Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	mcfarland mark allen	sold (taxes)	-11,780,600	53.06	-222,024	-
Feb 23, 2024	bys jay a.	sold (taxes)	-343,135	54.02	-6,352	evp & chief commercial officer
Feb 23, 2024	preston michael l.	sold (taxes)	-428,054	54.02	-7,924	evp, chf strategy officer & gc
Feb 23, 2024	repetti noelle m.	sold (taxes)	-91,834	54.02	-1,700	senior vp and controller
Feb 23, 2024	leon francisco	sold (taxes)	-859,998	54.02	-15,920	president and ceo
Feb 23, 2024	hayat omar	sold (taxes)	-54,884	54.02	-1,016	evp - operations
Feb 23, 2024	gould christopher d.	sold (taxes)	-355,398	54.02	-6,579	evp & chief sustainability off
Feb 22, 2024	hayat omar	acquired	-	-	15,936	evp - operations
Feb 22, 2024	leon francisco	acquired	-	-	38,702	president and ceo
Feb 22, 2024	gould christopher d.	acquired	-	-	18,668	evp & chief sustainability off

Which funds bought or sold CRC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	MILLER HOWARD INVESTMENTS INC /NY	reduced	-0.32	1,015	226,461	0.01%
Apr 12, 2024	ARGA Investment Management, LP	unchanged	-	11,802	1,548,310	0.05%
Apr 12, 2024	AdvisorNet Financial, Inc	sold off	-100	-875	-	-%
Apr 11, 2024	Fortitude Family Office, LLC	sold off	-100	-4,320	-	-%
Apr 11, 2024	Paragon Capital Management Ltd	added	0.46	2,956	239,735	0.04%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	reduced	-11.9	-258	2,039	-%
Apr 05, 2024	CWM, LLC	reduced	-36.92	-8,000	15,000	-%
Apr 05, 2024	GAMMA Investing LLC	added	37.44	11,837	31,958	0.01%
Apr 05, 2024	LOS ANGELES CAPITAL MANAGEMENT LLC	sold off	-100	-485,176	-	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	34.00	4,463	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	8-K	Current Report
Mar 22, 2024	ARS	ARS
Mar 21, 2024	DEF 14A	DEF 14A
Mar 21, 2024	DEFA14A	DEFA14A
Mar 19, 2024	DEFA14A	DEFA14A
Mar 11, 2024	8-K	Current Report
Mar 08, 2024	8-K	Current Report
Feb 28, 2024	10-K	Annual Report
Feb 27, 2024	8-K	Current Report

Peers (Alternatives to California Resources Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	474.8B	344.6B	7.53%	3.10%	13.18	1.38	-16.70%	-35.40%
CVX	292.7B	200.9B	1.32%	-8.61%	13.7	1.46	-18.40%	-39.75%
OXY	60.1B	28.9B	9.08%	5.99%	12.8	2.08	-22.04%	-64.70%
MRO	16.6B	6.6B	8.53%	11.82%	10.69	2.5	-17.41%	-56.98%
CHK	11.5B	8.7B	4.90%	8.13%	4.73	1.31	-25.73%	-50.99%
MID-CAP
RRC	8.5B	2.7B	9.39%	28.58%	9.74	3.1	-43.74%	-26.38%
HP	4.1B	2.8B	3.71%	11.19%	9.52	1.45	19.47%	177.97%
CNX	3.6B	3.4B	11.29%	43.39%	2.1	1.05	172.35%	1311.12%
KOS	2.9B	1.7B	6.14%	-19.97%	13.36	1.68	-26.01%	-5.75%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	277.5M	307.6M	16.58%	-6.89%	0.71	0.9	-32.91%	578.62%
AMTX	173.0M	186.7M	30.97%	82.06%	-3.99	0.93	-27.21%	49.68%
BATL	87.2M	220.8M	-10.47%	-34.49%	-28.62	0.4	-38.52%	-116.44%
AE	75.4M	2.7B	22.38%	-24.96%	355.58	0.03	-18.46%	-93.92%
BRN	27.1M	23.9M	14.41%	-1.82%	-9.98	1.13	-21.86%	-149.09%

California Resources Corp News

Latest updates

California Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	57.8%	726	460	591	1,024	682	1,125	747	153	430	549	478	432	152	850	312	245	573	610	681	653	690
Costs and Expenses	-1.5%	468	475	444	-	549	536	473	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-100.0%	-	475	444	638	-	536	473	396	-	468	394	436	-	-	422	-	-	-	-	-	-
S&GA Expenses	1.5%	66.00	65.00	71.00	65.00	59.00	59.00	56.00	48.00	53.00	51.00	48.00	48.00	40.00	79.00	64.00	69.00	60.00	62.00	66.00	79.00	83.00
EBITDA Margin	17.2%	0.35*	0.30*	0.41*	0.43*	0.35*	0.47*	0.37*	0.20*	0.23*	-0.01*	1.16*	-	-	-	-	-	-	-	-	-	-
Income Taxes	1087.5%	79.00	-8.00	38.00	75.00	34.00	153	76.00	-26.00	-396	-	-	-	-	-	-	-	-	1.00	-	-	-
Earnings Before Taxes	990.0%	267	-30.00	135	376	117	579	266	-201	318	107	-107	-89.00	-125	2,250	-7.00	-247	-1,745	-24.00	127	41.00	-44.00
EBT Margin	23.1%	0.27*	0.22*	0.35*	0.37*	0.28*	0.39*	0.26*	0.07*	0.12*	-0.13*	1.01*	-	-	-	-	-	-	-	-	-	-
Net Income	954.5%	188	-22.00	97.00	301	83.00	426	190	-175	714	103	-111	-94.00	-123	2,189	-29.00	-271	-1,796	-67.00	94.00	12.00	-67.00
Net Income Margin	20.9%	0.20*	0.17*	0.27*	0.28*	0.19*	0.47*	0.44*	0.33*	0.32*	-0.14*	0.97*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-8.5%	65.00	71.00	69.00	263	39.00	128	83.00	61.00	138	131	77.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	3,998	3,952	3,900	4,000	3,967	3,986	4,018	4,032	3,846	3,342	3,240	3,180	3,074	3,288	4,856	4,930	4,974	6,958	7,035	7,032	7,230
Current Assets	0%	929	929	867	972	864	884	851	834	753	657	577	461	329	515	420	403	356	491	510	522	577
Cash Equivalents	3.5%	496	479	448	477	307	358	324	328	305	189	151	130	28.00	203	122	126	77.00	17.00	22.00	27.00	43.00
Inventory	1.4%	72.00	71.00	69.00	64.00	60.00	59.00	57.00	56.00	60.00	60.00	58.00	59.00	61.00	61.00	61.00	61.00	60.00	67.00	66.00	70.00	71.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,538	6,352	6,403	6,409	6,548
Current Liabilities	-11.2%	616	694	582	717	894	932	1,208	1,205	854	957	886	622	473	446	1,194	5,759	543	709	721	610	689
Long Term Debt	-8.3%	540	589	593	592	592	591	591	590	589	589	589	588	597	723	-	-	-	4,877	-	-	-
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,083	-	100	-	-	-
LT Debt, Non Current	-8.3%	540	589	593	592	592	591	591	590	589	589	589	588	597	723	-	-	-	4,877	-	-	-
Shareholder's Equity	8.2%	2,219	2,050	2,110	2,092	1,864	1,855	1,517	1,433	1,688	1,052	915	1,081	1,182	1,269	-	-	-	-	-	-	-
Retained Earnings	13.2%	1,419	1,253	1,295	1,219	938	876	463	286	475	-225	-328	-217	-123	-	-7,466	-7,437	-7,166	-5,370	-5,303	-5,397	-5,409
Additional Paid-In Capital	0.4%	1,329	1,324	1,317	1,311	1,305	1,301	1,296	1,293	1,288	1,286	1,273	1,270	1,268	1,253	5,148	5,008	5,006	5,004	5,000	4,994	4,989
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,372	16,537	16,425	16,308	16,186
Shares Outstanding	0.1%	69.00	69.00	69.00	71.00	72.00	74.00	77.00	79.00	82.00	82.00	83.00	83.00	83.00	49.00	49.00	49.00	49.00	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	22.00	35.00	44.00	76.00	68.00	76.00	88.00	93.00	100	129	137
Float	-	-	-	3,121	-	-	-	2,901	-	-	-	2,467	-	-	-	-	59.00	-	-	-	945	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	26.0%	131	104	108	310	114	235	181	160	204	182	127	147	-12.00	205	48.00	-135	228	136	268	114	158
Cashflow From Investing	-50.0%	-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	-121	12.00	-182
Cashflow From Financing	-60.0%	-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	-51.00	199	-156	-38.00	-152	-142	50.00
Dividend Payments	15.8%	22.00	19.00	20.00	20.00	20.00	13.00	13.00	13.00	14.00	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-100.0%	-	20.00	64.00	59.00	66.00	80.00	96.00	71.00	64.00	39.00	45.00	-	-	-	-	-	-	-	-	-	-

CRC Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Oil, natural gas and NGL sales	$ 2,155	$ 2,643	$ 2,048
Net loss from commodity derivatives	(12)	(551)	(676)
Total operating revenues	2,801	2,707	1,889
OPERATING EXPENSES
Operating costs	822	785	705
General and administrative expenses	267	222	200
Depreciation, depletion and amortization	225	198	213
Asset impairments	3	2	28
Taxes other than on income	165	162	145
Exploration expense	3	4	7
Accretion expense	46	43	50
Carbon management business expenses	37	14	0
Other operating expenses, net	66	34	29
Total operating expenses	2,025	1,954	1,720
Net gain on asset divestitures	32	59	124
OPERATING INCOME	808	812	293
NON-OPERATING (EXPENSES) INCOME
Reorganization items, net	0	0	(6)
Interest and debt expense	(56)	(53)	(54)
Loss on early extinguishment of debt	(1)	0	(2)
Loss from investment in unconsolidated subsidiary	(9)	(1)	0
Other non-operating income (expenses), net	6	3	(2)
INCOME BEFORE INCOME TAXES	748	761	229
Income tax (provision) benefit	(184)	(237)	396
NET INCOME	564	524	625
Net income attributable to noncontrolling interest	0	0	(13)
NET INCOME ATTRIBUTABLE TO COMMON STOCK	$ 564	$ 524	$ 612
Net income attributable to common stock per share
Basic (in dollars per share)	$ 8.10	$ 6.94	$ 7.46
Diluted (in dollars per share)	$ 7.78	$ 6.75	$ 7.37
Weighted-average common shares outstanding
Basic (in shares)	69.6	75.5	82.0
Diluted (in shares)	72.5	77.6	83.0
Marketing of purchased natural gas
REVENUES
Revenue not from contract with customer	$ 401	$ 314	$ 312
OPERATING EXPENSES
Cost of sales	221	273	196
Electricity sales
REVENUES
Revenue not from contract with customer	211	261	172
Interest and other revenue
REVENUES
Oil, natural gas and NGL sales	15	14	10
Revenue not from contract with customer	46	40	33
Electricity generation expenses
OPERATING EXPENSES
Cost of sales	103	167	96
Transportation costs
OPERATING EXPENSES
Cost of sales	$ 67	$ 50	$ 51

CRC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 496	$ 307
Trade receivables	216	326
Inventories	72	60
Assets held for sale	13	5
Receivable from affiliate	19	33
Other current assets, net	113	133
Total current assets	929	864
PROPERTY, PLANT AND EQUIPMENT	3,437	3,228
Accumulated depreciation, depletion and amortization	(667)	(442)
Total property, plant and equipment, net	2,770	2,786
INVESTMENT IN UNCONSOLIDATED SUBSIDIARY	19	13
DEFERRED TAX ASSETS	132	164
OTHER NONCURRENT ASSETS	148	140
TOTAL ASSETS	3,998	3,967
CURRENT LIABILITIES
Accounts payable	245	345
Liabilities associated with assets held for sale	5	5
Fair value of derivative contracts	8	246
Accrued liabilities	358	298
Total current liabilities	616	894
NONCURRENT LIABILITIES
Long-term debt, net	540	592
Asset retirement obligations	422	432
Other long-term liabilities	201	185
STOCKHOLDERS' EQUITY
Preferred stock (20 million shares authorized at $0.01 par value); no shares outstanding at December 31, 2023 or 2022	0	0
Common stock (200 million shares authorized at $0.01 par value); (83,557,800 and 83,406,002 shares issued; 68,693,885 and 71,949,742 shares outstanding at December 31, 2023 and 2022, respectively)	1	1
Treasury stock (14,863,915 shares held at cost at December 31, 2023 and 11,456,260 shares held at December 31, 2022)	(604)	(461)
Additional paid-in capital	1,329	1,305
Retained earnings	1,419	938
Accumulated other comprehensive income	74	81
Total stockholders' equity	2,219	1,864
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 3,998	$ 3,967

About California Resources Corp

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	Mr. Francisco J. Leon
WEBSITE	crc.com
INDUSTRY	Oil - E&P
EMPLOYEES	1060

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 Mon Apr 15 2024, market cap of California Resources Corp is 3.81 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 Mon Apr 15 2024, CRC's PE ratio (Price to Earnings) is 6.76 and Price to Sales (PS) ratio is 1.36. 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.