California Resources Corporation (CRC) Earning Somewhat Favorable Media Coverage, Study Shows
Media stories about California Resources Corporation (NYSE:CRC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. California Resources Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.0402451042544 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of California Resources Corporation (CRC) traded up 8.70% during midday trading on Tuesday, hitting $8.12. The company had a trading volume of 1,905,331 shares. California Resources Corporation has a 12-month low of $6.47 and a 12-month high of $23.42. The company has a market capitalization of $347.31 million, a price-to-earnings ratio of 0.73 and a beta of 6.24. The company’s 50-day moving average price is $7.43 and its 200 day moving average price is $11.00.
California Resources Corporation (NYSE:CRC) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported ($1.83) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.63) by ($0.20). The company had revenue of $516.00 million for the quarter, compared to the consensus estimate of $450.17 million. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.80) earnings per share. Equities research analysts predict that California Resources Corporation will post ($5.80) earnings per share for the current fiscal year.
CRC has been the subject of several recent research reports. BidaskClub cut California Resources Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Bank of America Corporation cut California Resources Corporation from a “neutral” rating to an “underperform” rating and cut their price target for the company from $22.00 to $10.00 in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded California Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th.
ILLEGAL ACTIVITY WARNING: “California Resources Corporation (CRC) Earning Somewhat Favorable Media Coverage, Study Shows” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/09/12/california-resources-corporation-crc-earning-somewhat-favorable-media-coverage-study-shows.html.
California Resources Corporation 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 produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).
Receive News & Stock Ratings for California Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Resources Corporation and related stocks with our FREE daily email newsletter.