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

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

California Resources Price Performance

NYSE:CRC opened at $47.32 on Monday. California Resources has a one year low of $43.09 and a one year high of $60.41. The company has a market cap of $4.32 billion, a P/E ratio of 7.45, a P/E/G ratio of 1.02 and a beta of 1.04. The firm’s fifty day moving average price is $50.90 and its two-hundred day moving average price is $52.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.97 and a quick ratio of 0.89.

Insider Buying and Selling

In related news, EVP Omar Hayat sold 16,016 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $55.18, for a total value of $883,762.88. Following the transaction, the executive vice president now owns 30,940 shares in the company, valued at $1,707,269.20. The trade was a 34.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CRC has been the topic of several research reports. TD Cowen upped their target price on California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of California Resources in a report on Tuesday, January 14th. Truist Financial initiated coverage on shares of California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.00 price target on the stock. Capital One Financial upgraded shares of California Resources to a “strong-buy” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. began coverage on shares of California Resources in a research report on Friday, December 20th. They set a “neutral” rating and a $63.00 target price on the stock. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, California Resources has a consensus rating of “Moderate Buy” and an average 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.