California Resources Corporation (NYSE:CRC) traded at $1.26 at last check on Monday, Jun 29, making a downturn move of -1.56% on its previous day’s price.
Looking at the stock we see that its previous close was $1.28 and the beta (5Y monthly) reads 5.71 with the day’s price range being $1.1980 – 1.3000. In terms of its 52-week price range, CRC has a high of $20.13 and a low of $0.85. The company’s stock has gained about -5.26% over that past 30 days.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CRC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 2 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the California Resources Corporation (CRC) stock as a Hold, while none rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Underweight and investors could take advantage and scoop up stock of the company.
Let’s briefly compare California (CRC) stock to its peers. We find that today’s price change of -1.56% and -93.6% over the past 12 months for CRC competes that of Eog Resources (EOG), which has seen its stock price rise 1.83% in the latest trading session and is -46.7% over the last one year. Another of its peers Pioneer Natural Resources Company (PXD) has climbed 0.35% today, but is -38.62% down over the past year, while Cheniere Energy (LNG) is also down -1.56% yet its price remains in the red at -93.6% over the same period. Eog has a P/E ratio of 13.66 compared to California’s 0 and Pioneer’s 22.5. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to California Resources Corporation (NYSE:CRC), we note that the average 3-month trading volume was 4.33 Million, while that of the preceding 10-day period stands at 3.22 Million. Current shares outstanding are 49.45 Million.
According to data from Thomson Reuters, insiders hold 2.23% of the company’s shares while institutions hold 72.19%. The data shows that short shares as of June 14, 2020, stood at 13.65 Million at a short ratio of 2.58. This represents a 27.66% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 13.99 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -86.05% down in year-to-date price movement.