California Resources Corporation (NYSE:CRC) shares, rose in value on Friday, March 28, with the stock price down by -0.93% to the previous day’s close as strong demand from buyers drove the stock to $43.83.
Actively observing the price movement in the last trading, the stock closed the session at $44.24, falling within a range of $43.31 and $44.21. The value of beta (5-year monthly) was 1.484 whereas the PE ratio was 10.66 over 12-month period. Referring to stock’s 52-week performance, its high was $60.41, and the low was $38.02. On the whole, CRC has fluctuated by -1.90% over the past month.
With the market capitalization of California Resources Corporation currently standing at about $3.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-02. The company’s Forward Dividend Ratio is 1.47, with its dividend yield at 3.36%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.42B, with a low estimate of 816M and a high estimate of 928.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 857.14M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.31, with the price of CRC currently trading nearly 2.56% and -5.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.58, while the 7-day volatility ratio is showing 2.28% which for the 30-day chart, stands at 3.80%. Furthermore, California Resources Corporation (CRC)’s beta value is 1.46, and its average true range (ATR) is 1.40.
A comparison of California Resources Corporation (CRC) with its peers suggests the former has fared considerably weaker in the market. CRC showed an intraday change of -0.93% in last session, and over the past year, it shrunk by -17.72%%.
Data on historical trading for California Resources Corporation (NYSE:CRC) indicates that the trading volumes over the past 10 days have averaged 2.2 and over the past 3 months, they’ve averaged 1.02 million. According to company’s latest data on outstanding shares, there are 91.10 million shares outstanding.
Nearly 17.66% of California Resources Corporation’s shares belong to company insiders and institutional investors own 87.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.98 million shares as on 2025-03-14, resulting in a short ratio of 5.45. According to the data, the short interest in California Resources Corporation (CRC) stood at 831.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.12 million. The stock has fallen by -15.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRC stock heading into the next quarter.
