A new trading day began on Friday, with California Resources Corporation (NYSE: CRC) stock price up 3.57% from the previous day of trading, before settling in for the closing price of $51.84. CRC’s price has ranged from $43.09 to $57.88 over the past 52 weeks.
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Annual sales at Energy sector company grew by 4.09% over the past five years. Meanwhile, its annual earnings per share averaged -23.34%. With a float of $73.52 million, this company’s outstanding shares have now reached $89.58 million.
Let’s look at the performance matrix of the company that is accounted for 970 employees. In terms of profitability, gross margin is 45.82%, operating margin of 11.84%, and the pretax margin is 9.97%.
California Resources Corporation (CRC) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of California Resources Corporation is 17.93%, while institutional ownership is 86.67%. The most recent insider transaction that took place on Sep 17 ’24, was worth 530,000. In this transaction Senior VP and Controller of this company sold 10,000 shares at a rate of $53.00, taking the stock ownership to the 17,301 shares. Before that another transaction happened on Sep 17 ’24, when Company’s Officer proposed sale 10,000 for $53.00, making the entire transaction worth $530,000.
California Resources Corporation (CRC) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.02 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -23.34% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -9.36% during the next five years compared to 2.81% growth over the previous five years of trading.
California Resources Corporation (NYSE: CRC) Trading Performance Indicators
Here are California Resources Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.09. Likewise, its price to free cash flow for the trailing twelve months is 21.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.25, a number that is poised to hit 1.46 in the next quarter and is forecasted to reach 4.60 in one year’s time.
Technical Analysis of California Resources Corporation (CRC)
California Resources Corporation (NYSE: CRC) saw its 5-day average volume 0.62 million, a negative change from its year-to-date volume of 0.87 million. As of the previous 9 days, the stock’s Stochastic %D was 39.17%. Additionally, its Average True Range was 1.70.
During the past 100 days, California Resources Corporation’s (CRC) raw stochastic average was set at 89.98%, which indicates a significant increase from 78.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.67% in the past 14 days, which was higher than the 38.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.58, while its 200-day Moving Average is $51.39. Nevertheless, the first resistance level for the watch stands at $54.69 in the near term. At $55.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $57.26. If the price goes on to break the first support level at $52.12, it is likely to go to the next support level at $50.54. The third support level lies at $49.55 if the price breaches the second support level.
California Resources Corporation (NYSE: CRC) Key Stats
With a market capitalization of 4.81 billion, the company has a total of 68,531K Shares Outstanding. Currently, annual sales are 2,801 M while annual income is 564,000 K. The company’s previous quarter sales were 514,000 K while its latest quarter income was 8,000 K.
