At the time of writing, California Resources Corporation [CRC] stock is trading at $48.42, up 5.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The CRC shares have lost -1.04% over the last week, with a monthly amount drifted -6.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
California Resources Corporation [NYSE: CRC] stock has seen the most recent analyst activity on August 02, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $65. On April 10, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $62 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $60 on January 05, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $60 on February 24, 2023. Mizuho started tracking with a Buy rating for this stock on January 10, 2023, and assigned it a price target of $60. In a note dated November 15, 2022, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $49 to $58.
For the past year, the stock price of California Resources Corporation fluctuated between $43.09 and $58.44. Currently, Wall Street analysts expect the stock to reach $63.25 within the next 12 months. California Resources Corporation [NYSE: CRC] shares were valued at $48.42 at the most recent close of the market. An investor can expect a potential return of 30.63% based on the average CRC price forecast.
Analyzing the CRC fundamentals
According to California Resources Corporation [NYSE:CRC], the company’s sales were 2.31B for trailing twelve months, which represents an -9.11% plunge. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.60 points at the first support level, and at 44.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.79, and for the 2nd resistance point, it is at 51.16.
Ratios To Look Out For
It is important to note that California Resources Corporation [NYSE:CRC] has a current ratio of 2.43. On the other hand, the Quick Ratio is 2.33, and the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 21.53.
Transactions by insiders
Recent insider trading involved McFarland Mark Allen, Director, that happened on May 29 ’24 when 18000.0 shares were sold. Director, McFarland Mark Allen completed a deal on May 28 ’24 to sell 37000.0 shares. Meanwhile, Director McFarland Mark Allen sold 75000.0 shares on May 24 ’24.
