At the time of writing, California Resources Corporation [CRC] stock is trading at $58.51, down -1.23%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRC shares have gain 8.43% over the last week, with a monthly amount glided 10.15%, 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 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.
For the past year, the stock price of California Resources Corporation fluctuated between $43.09 and $60.41. 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 $58.51 at the most recent close of the market. An investor can expect a potential return of 11.84% based on the average CRC price forecast.
Analyzing the CRC fundamentals
According to California Resources Corporation [NYSE:CRC], the company’s sales were 2.64B for trailing twelve months, which represents an 50.15% jump. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.22 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 57.95 points at the first support level, and at 57.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.51, and for the 2nd resistance point, it is at 60.51.
Ratios To Look Out For
It is important to note that California Resources Corporation [NYSE:CRC] has a current ratio of 0.97. Also, the Quick Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 9.21.
Transactions by insiders
Recent insider trading involved Repetti Noelle M., Senior VP and Controller, that happened on Nov 06 ’24 when 8770.0 shares were sold. President and CEO, Leon Francisco completed a deal on Nov 06 ’24 to sell 12500.0 shares. Meanwhile, Officer FRANCISCO LEON bought 12500.0 shares on Nov 06 ’24.
