A share price of California Resources Corporation [CRC] is currently trading at $43.60, up 3.69%. 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 5.09% over the last week, with a monthly amount drifted -4.78%, 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.
California Resources Corporation experienced fluctuations in its stock price throughout the past year between $38.02 and $60.41. Currently, Wall Street analysts expect the stock to reach $65 within the next 12 months. California Resources Corporation [NYSE: CRC] shares were valued at $43.60 at the most recent close of the market. An investor can expect a potential return of 49.08% based on the average CRC price forecast.
Analyzing the CRC fundamentals
Trailing Twelve Months sales for California Resources Corporation [NYSE:CRC] were 2.96B which represents 52.55% growth. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
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 42.81 points at the first support level, and at 42.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.02, and for the 2nd resistance point, it is at 44.45.
Ratios To Look Out For
To put it in perspective, the Current Ratio for California Resources Corporation [NYSE:CRC] is 1.04. In addition, the Quick Ratio stands at 0.95 and the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 10.61.
Transactions by insiders
Recent insider trading involved CHAPMAN JAMES N, Director, that happened on Mar 05 ’25 when 2000.0 shares were purchased. EVP – Operations, Hayat Omar completed a deal on Dec 12 ’24 to sell 16016.0 shares. Meanwhile, EVP, Chf Strategy Officer & GC Preston Michael L. sold 83000.0 shares on Dec 12 ’24.
