California Resources Corporation [CRC] stock is trading at $51.52, up 4.10%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRC shares have gain 5.23% over the last week, with a monthly amount glided 1.04%, and 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 21, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $65 from $57. Previously, TD Cowen started tracking the stock with Buy rating on August 02, 2024, and set its price target to $65. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $62 on April 10, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $60 on January 05, 2024. BofA Securities upgraded its rating to Buy for this stock on February 24, 2023, and upped its price target to $60. In a note dated January 10, 2023, Mizuho initiated an Buy rating and provided a target price of $60 on this stock.
California Resources Corporation [CRC] stock has fluctuated between $43.09 and $58.44 over the past year. Currently, Wall Street analysts expect the stock to reach $63.6 within the next 12 months. California Resources Corporation [NYSE: CRC] shares were valued at $51.52 at the most recent close of the market. An investor can expect a potential return of 23.45% based on the average CRC price forecast.
Analyzing the CRC fundamentals
California Resources Corporation [NYSE:CRC] reported sales of 2.31B for the trailing twelve months, which represents a drop of -9.11%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
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 50.40 points at the first support level, and at 49.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.33, and for the 2nd resistance point, it is at 53.15.
Ratios To Look Out For
For context, California Resources Corporation’s Current Ratio is 2.43. Further, the Quick Ratio stands at 2.33, while the Cash Ratio is 1.74. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 1.70 and price to earnings (TTM) ratio is 22.90.
Transactions by insiders
Recent insider trading involved Kendall Christian S, Director, that happened on Aug 13 ’24 when 20895.0 shares were purchased. Director, McFarland Mark Allen completed a deal on May 28 ’24 to sell 37000.0 shares. Meanwhile, Director McFarland Mark Allen sold 18000.0 shares on May 29 ’24.
