California Resources Corporation (NYSE: CRC) on Friday, plunged -3.15% from the previous trading day, before settling in for the closing price of $58.41. Within the past 52 weeks, CRC’s price has moved between $43.09 and $60.41.
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During the last 5-year period, the sales growth of Energy Sector giant was 4.09%. The company achieved an average annual earnings per share of -34.67%. With a float of $75.20 million, this company’s outstanding shares have now reached $91.71 million.
Let’s determine the extent of company efficiency that accounts for 970 employees. In terms of profitability, gross margin is 54.8%, operating margin of 26.95%, and the pretax margin is 24.84%.
California Resources Corporation (CRC) Breakdown of a Key Holders of the stock
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of California Resources Corporation is 17.99%, while institutional ownership is 86.84%. The most recent insider transaction that took place on Nov 06 ’24, was worth 488,928. In this transaction Senior VP and Controller of this company sold 8,770 shares at a rate of $55.75, taking the stock ownership to the 8,531 shares. Before that another transaction happened on Nov 06 ’24, when Company’s President and CEO sold 12,500 for $56.06, making the entire transaction worth $700,798. This insider now owns 153,857 shares in total.
California Resources Corporation (CRC) Recent Fiscal highlights
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.93 earnings per share (EPS) for the period topping the consensus outlook (set at 0.91) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -34.67% 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
California Resources Corporation (CRC) is currently performing well based on its current performance indicators. A quick ratio of 0.89 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.90. Likewise, its price to free cash flow for the trailing twelve months is 17.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.35, a number that is poised to hit 1.04 in the next quarter and is forecasted to reach 4.38 in one year’s time.
Technical Analysis of California Resources Corporation (CRC)
Looking closely at California Resources Corporation (NYSE: CRC), its last 5-days average volume was 0.68 million, which is a drop from its year-to-date volume of 0.85 million. As of the previous 9 days, the stock’s Stochastic %D was 64.40%. Additionally, its Average True Range was 1.80.
During the past 100 days, California Resources Corporation’s (CRC) raw stochastic average was set at 77.83%, which indicates a significant increase from 56.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.14% in the past 14 days, which was lower than the 37.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.87, while its 200-day Moving Average is $51.70. However, in the short run, California Resources Corporation’s stock first resistance to watch stands at $58.52. Second resistance stands at $60.47. The third major resistance level sits at $61.57. If the price goes on to break the first support level at $55.47, it is likely to go to the next support level at $54.37. Now, if the price goes above the second support level, the third support stands at $52.42.
California Resources Corporation (NYSE: CRC) Key Stats
Market capitalization of the company is 5.02 billion based on 67,877K outstanding shares. Right now, sales total 2,801 M and income totals 564,000 K. The company made 1,353 M in profit during its latest quarter, and 345,000 K in sales during its previous quarter.
