California Resources Corporation [CRC] stock prices are up 2.08% to $53.96 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CRC shares have gain 3.59% over the last week, with a monthly amount drifted -0.41%, 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 October 24, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $64. Previously, Stephens started tracking the stock with Overweight rating on October 22, 2024, and set its price target to $73. On October 16, 2024, UBS initiated with a Buy rating and assigned a price target of $68 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $65 on August 21, 2024. TD Cowen initiated its recommendation with a Buy and recommended $65 as its price target on August 02, 2024. In a note dated April 10, 2024, Barclays initiated an Equal Weight rating and provided a target price of $62 on this stock.
The stock price of California Resources Corporation [CRC] has been fluctuating between $43.09 and $57.88 over the past year. Currently, Wall Street analysts expect the stock to reach $65.44 within the next 12 months. California Resources Corporation [NYSE: CRC] shares were valued at $53.96 at the most recent close of the market. An investor can expect a potential return of 21.28% based on the average CRC price forecast.
Analyzing the CRC fundamentals
The California Resources Corporation [NYSE:CRC] reported sales of 2.31B for trailing twelve months, representing 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.58.
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 53.04 points at the first support level, and at 52.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.44, and for the 2nd resistance point, it is at 54.91.
Ratios To Look Out For
It’s worth pointing out that California Resources Corporation [NYSE:CRC]’s Current Ratio is 2.43. In addition, the Quick Ratio stands at 2.33 and the Cash Ratio stands at 1.74. Considering the valuation of this stock, the price to sales ratio is 2.09, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 23.99.
Transactions by insiders
Recent insider trading involved Repetti Noelle M., Senior VP and Controller, that happened on Sep 17 ’24 when 10000.0 shares were sold. Officer, Repetti Noelle M. completed a deal on Sep 17 ’24 to buy 10000.0 shares. Meanwhile, President and CEO Leon Francisco sold 7500.0 shares on Sep 05 ’24.
