The stock of California Resources Corporation (NYSE: CRC) has increased by 0.27 when compared to last closing price of 52.49. Despite this, the company has experienced a 1.43% gain in its stock price over the last five trading sessions. globenewswire.com reported 2025-01-06 that Project to Capture and Store up to 100 Thousand Metric Tons of CO 2 Annually From the Elk Hills Cryogenic Gas Plant LONG BEACH, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) — California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced approval of the Golden State’s first carbon capture and storage (CCS) project, located at CRC’s Elk Hills cryogenic gas plant in Kern County, California.
Is It Worth Investing in California Resources Corporation (NYSE: CRC) Right Now?
The price-to-earnings ratio for California Resources Corporation (NYSE: CRC) is 8.28x, which is above its average ratio. Moreover, the 36-month beta value for CRC is 1.48. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for CRC is 75.49M and currently, short sellers hold a 4.27% of that float. On January 10, 2025, CRC’s average trading volume was 671.94K shares.
CRC’s Market Performance
CRC’s stock has seen a 1.43% increase for the week, with a -1.81% drop in the past month and a 0.10% gain in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 3.19% for California Resources Corporation The simple moving average for the past 20 days is 0.35% for CRC’s stock, with a 1.16% simple moving average for the past 200 days.
Analysts’ Opinion of CRC
Many brokerage firms have already submitted their reports for CRC stocks, with JP Morgan repeating the rating for CRC by listing it as a “Neutral.” The predicted price for CRC in the upcoming period, according to JP Morgan is $63 based on the research report published on December 20, 2024 of the previous year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see CRC reach a price target of $64. The rating they have provided for CRC stocks is “Buy” according to the report published on October 24th, 2024.
Stephens gave a rating of “Overweight” to CRC, setting the target price at $73 in the report published on October 22nd of the previous year.
CRC Trading at -3.91% from the 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, the company was unable to rebound, for now settling with -12.88% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares sank -6.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.36% upper at present.
During the last 5 trading sessions, CRC rose by +1.43%, which changed the moving average for the period of 200-days by -0.81% in comparison to the 20-day moving average, which settled at $52.45. In addition, California Resources Corporation saw 1.43% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRC starting from Hayat Omar, who sale 16,016 shares at the price of $55.18 back on Dec 12 ’24. After this action, Hayat Omar now owns 30,940 shares of California Resources Corporation, valued at $883,821 using the latest closing price.
Preston Michael L., the EVP, Chf Strategy Officer & GC of California Resources Corporation, sale 83,000 shares at $55.19 during a trade that took place back on Dec 12 ’24, which means that Preston Michael L. is holding 41,938 shares at $4,580,559 based on the most recent closing price.
Stock Fundamentals for CRC
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.55 for the gross margin
The net margin for California Resources Corporation stands at 0.18. The total capital return value is set at 0.18. Equity return is now at value 19.13, with 9.58 for asset returns.
Based on California Resources Corporation (CRC), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 11.18.
Currently, EBITDA for the company is 1.07 billion with net debt to EBITDA at 0.9. When we switch over and look at the enterprise to sales, we see a ratio of 1.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
To wrap up, the performance of California Resources Corporation (CRC) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
