On Monday, California Resources Corporation (NYSE: CRC) opened lower -1.70% from the last session, before settling in for the closing price of $51.28. Price fluctuations for CRC have ranged from $43.09 to $57.88 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 4.09%. Company’s average yearly earnings per share was noted -27.74% at the time writing. With a float of $73.20 million, this company’s outstanding shares have now reached $89.19 million.
Considering the fact that the conglomerate employs 970 people, you should pay attention to its efficiency factor. 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 Activity
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of California Resources Corporation is 17.93%, while institutional ownership is 87.22%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.02 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.81) by 0.21. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -27.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.68% 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
Check out the current performance indicators for California Resources Corporation (CRC). In the past quarter, the stock posted a quick ratio of 2.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.95. Likewise, its price to free cash flow for the trailing twelve months is 20.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.25, a number that is poised to hit 1.33 in the next quarter and is forecasted to reach 4.14 in one year’s time.
Technical Analysis of California Resources Corporation (CRC)
Compared to the last year’s volume of 0.87 million, its volume of 0.71 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 20.87%. Additionally, its Average True Range was 1.65.
During the past 100 days, California Resources Corporation’s (CRC) raw stochastic average was set at 62.14%, which indicates a significant increase from 3.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.85% in the past 14 days, which was lower than the 38.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.27, while its 200-day Moving Average is $51.31. Nevertheless, the first resistance level for the watch stands at $51.47 in the near term. At $52.54, the stock is likely to face the second major resistance level. The third major resistance level sits at $53.14. If the price goes on to break the first support level at $49.80, it is likely to go to the next support level at $49.20. Should the price break the second support level, the third support level stands at $48.13.
California Resources Corporation (NYSE: CRC) Key Stats
There are currently 68,531K shares outstanding in the company with a market cap of 4.50 billion. Presently, the company’s annual sales total 2,801 M according to its annual income of 564,000 K. Last quarter, the company’s sales amounted to 514,000 K and its income totaled 8,000 K.
