California Resources Corporation (NYSE: CRC) went up by 1.66% from its latest closing price when compared to the 1-year high value of $50.34, while CRC stocks collected -6.57% of loss with the last five trading sessions.

California Resources Corporation (NYSE: CRC) Worth an Investment?

California Resources Corporation (NYSE: CRC) scored price to earnings ratio above its average ratio, recording 3.92 times of increase in earnings at the present. The 36 Months beta value for CRC stocks is at 4.85, while 3 of the analysts out of 8 who provided ratings for California Resources Corporation stocks as a “buy” while 0 as overweight, 5 rated it as hold and 0 as sell. The average price we get from analysts is $29.25 which is $3.49 above current price. CRC currently has a short float of 13.80% and public float of 44.01M with average trading volume of 2.15M shares.

CRC Market Performance

CRC stocks went down by -6.57% for the week, with the monthly jump of 18.06% and a quarterly performance of 51.71%, while its annual performance rate touched 58.62%. The simple moving average for the period of the last 20 days is 7.78% for CRC stocks with the simple moving average of -15.44% for the last 200 days.

Analysts’ Opinion on California Resources Corporation (NYSE: CRC)

Many brokerage firms have already submitted their reports for CRC stocks, with BofA/Merrill repeating the rating for CRC shares by setting it to “Neutral”. The predicted price for CRC socks in the upcoming period according to BofA/Merrill is $27 based on the research report published on January 4, 2019.

Evercore ISI, on the other hand, stated in their research note that they expect to see CRC stock at the price of $55. The rating they have provided for CRC stocks is “Outperform” according to the report published on September 21, 2018.

Imperial Capital gave “Outperform” rating to CRC stocks, setting the target price at $41 in the report published on May 17, 2018.

CRC Stocks 18.01% Far from 50 Day Moving Average

After a stumble in the market that brought CRC to its low price for the period of the last 52 weeks, California Resources Corporation was unable to take a rebound, for now settling with -48.83% of loss for the given period.

The stock volatility was left at 6.23%, however, within the period of a single month, the volatility rate increased by 6.62%, while the shares surge at the distance of +8.92% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +21.74% upper at the present time.

In the course of the last 5 trading sessions, CRC went down by -6.57%, which changed the moving average for the period of 200 days to the total of -36.33% of losses for the stock in comparison to the 20-day moving average settled at $24.01. In addition, California Resources Corporation saw 51.17% in overturn over the period of a single year with a tendency to cut further gains.

CRC Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at California Resources Corporation (CRC), starting from Gannon Justin A., who bought 1,000 shares at the price of $22.75 back on Nov 21. After this action, Rushing now owns 33,871 shares of California Resources Corporation, valued at $22,752 with the latest closing price.

KORELL HAROLD M, the Director of California Resources Corporation, bought 4,736 shares at the value of $21.11 during a trade that took place back on Nov 20, which means that KORELL HAROLD M is holding 44,455 shares at the value of $99,967 based on the most recent closing price.

CRC Stock Fundamentals

The current profitability levels are settled at +37.22 for the present operating margin and +51.84 for gross margin. The net margin for California Resources Corporation stands at +10.48. Total capital return value is set at 22.04, while invested capital returns managed to touch 6.84. Equity return holds the value -48.50%, with 4.60% for asset returns.

EBITDA value lies at +487.00 M with total debt to EBITDA carrying the value of 3.12. The value for Enterprise to Sales is 2.12 with debt to enterprise value settled at 0.76. The receivables turnover for California Resources Corporation is 8.51 with the total asset turnover at the value of 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.