California Resources (CRC) Projected to Post Quarterly Earnings on Monday

California Resources (NYSE:CRC) is projected to announce its earnings results before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of $0.96 per share and revenue of $901.36 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

California Resources Stock Performance

Shares of CRC stock opened at $47.32 on Monday. California Resources has a 1-year low of $43.09 and a 1-year high of $60.41. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 1.02 and a beta of 1.04. The stock’s fifty day simple moving average is $50.90 and its 200-day simple moving average is $52.38.

Insider Activity

In other California Resources news, EVP Omar Hayat sold 16,016 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $55.18, for a total transaction of $883,762.88. Following the sale, the executive vice president now directly owns 30,940 shares in the company, valued at approximately $1,707,269.20. This trade represents a 34.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CRC has been the subject of several recent research reports. StockNews.com raised California Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. JPMorgan Chase & Co. initiated coverage on shares of California Resources in a research report on Friday, December 20th. They issued a “neutral” rating and a $63.00 target price for the company. Truist Financial initiated coverage on shares of California Resources in a report on Monday, January 13th. They issued a “buy” rating and a $75.00 price objective for the company. Capital One Financial upgraded shares of California Resources to a “strong-buy” rating in a report on Monday, December 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of California Resources in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, California Resources currently has an average rating of “Moderate Buy” and a consensus price target of $67.25.

California Resources Company Profile

California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management 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.