California Resources Corporation [CRC] stock prices are up 2.90% to $54.26 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRC shares have gain 4.47% over the last week, with a monthly amount drifted -1.04%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
California Resources Corporation [NYSE: CRC] stock has seen the most recent analyst activity on January 13, 2025, when Truist initiated its Buy rating and assigned the stock a price target of $75. Previously, JP Morgan started tracking the stock with Neutral rating on December 20, 2024, and set its price target to $63. On October 24, 2024, Jefferies initiated with a Buy rating and assigned a price target of $64 on the stock. Stephens started tracking the stock assigning a Overweight rating and suggested a price target of $73 on October 22, 2024. UBS initiated its recommendation with a Buy and recommended $68 as its price target on October 16, 2024. BofA Securities upgraded its rating to Buy for this stock on August 21, 2024, and upped its price target to $65. In a note dated August 02, 2024, TD Cowen initiated an Buy rating and provided a target price of $65 on this stock.
The stock price of California Resources Corporation [CRC] has been fluctuating between $43.09 and $60.41 over the past year. Currently, Wall Street analysts expect the stock to reach $66.5 within the next 12 months. California Resources Corporation [NYSE: CRC] shares were valued at $54.26 at the most recent close of the market. An investor can expect a potential return of 22.56% based on the average CRC price forecast.
Analyzing the CRC fundamentals
The California Resources Corporation [NYSE:CRC] reported sales of 2.64B for trailing twelve months, representing a surge of 50.15%. 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 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 53.22 points at the first support level, and at 52.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.95, and for the 2nd resistance point, it is at 55.64.
Ratios To Look Out For
It’s worth pointing out that California Resources Corporation [NYSE:CRC]’s Current Ratio is 0.97. As well, the Quick Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 1.39 and price to earnings (TTM) ratio is 8.54.
Transactions by insiders
Recent insider trading involved Hayat Omar, EVP – Operations, that happened on Dec 12 ’24 when 16016.0 shares were sold. EVP, Chf Strategy Officer & GC, Preston Michael L. completed a deal on Dec 12 ’24 to sell 83000.0 shares. Meanwhile, Officer Preston Michael L. bought 83000.0 shares on Dec 12 ’24.
