Shares of California Resources Corp. (NYSE:CRC) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.00.

Separately, Zacks Investment Research raised California Resources Corp. from a “sell” rating to a “hold” rating in a report on Monday, October 17th.

A number of institutional investors have recently modified their holdings of CRC. Fort Washington Investment Advisors Inc OH acquired a new position in shares of California Resources Corp. during the second quarter worth about $127,000. Societe Generale acquired a new position in shares of California Resources Corp. during the second quarter worth about $156,000. Virginia Retirement Systems ET AL acquired a new position in shares of California Resources Corp. during the second quarter worth about $166,000. Airain ltd acquired a new position in shares of California Resources Corp. during the third quarter worth about $167,000. Finally, Princeton Alpha Management LP acquired a new position in shares of California Resources Corp. during the second quarter worth about $180,000. 67.16% of the stock is owned by institutional investors and hedge funds.

Shares of California Resources Corp. (NYSE:CRC) traded up 2.79% during midday trading on Thursday, reaching $15.10. 1,141,894 shares of the company’s stock traded hands. The firm’s market capitalization is $622.38 million. The stock’s 50-day moving average price is $11.76 and its 200 day moving average price is $12.76. California Resources Corp. has a one year low of $2.81 and a one year high of $43.20.

California Resources Corp. (NYSE:CRC) last posted its earnings results on Thursday, November 3rd. The company reported ($1.75) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.55) by $0.20. California Resources Corp. had a negative net margin of 176.16% and a negative return on equity of 42.69%. On average, equities research analysts expect that California Resources Corp. will post ($7.20) earnings per share for the current fiscal year.

California Resources Corp. Company Profile

California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produces approximately 160 thousand barrels of oil equivalent per day (MBoe/d). It has net proved reserves of over 640 million barrels of oil equivalent (MMBoe).

5 Day Chart for NYSE:CRC

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