Approximately 100,000 Shares Of California Resources Corporation (CRC) Were Sold By This Insider.

California Resources Corporation (NYSE:CRC) finished Wednesday with an addition of $1.52 to close at $42.43, an upside of 3.72 percent. An average of 583,900 shares of common stock have been traded in the last five days. There was a gain of $3.18 in the past week. The last 20 days have seen an average of 1,381,225 shares traded, while the 50-day average volume stands at 1,096,304.

CRC stock has increased by 2.51% in the last month. The company shares reached their 1-month lowest point of $38.45 on 10/06/21. Shares of the company touched a low of $10.99 and a high of $44.58 in 52 weeks. In spite of this, the price is down -4.82% from the 52-week high.

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Insider Transactions

9 days have passed since California Resources Corporation (CRC) last reported insider trading activity. GOLDENTREE ASSET MANAGEMENT LP, who is 10% Owner, most recently acquired $100,000 shares at $41.31 per share on Oct 05. In this transaction, the insider spent $4,131,500. 10% Owner, GOLDENTREE ASSET MANAGEMENT LP, disposed of 26,169 shares at a price of $42.27 on Oct 04. The insider now owns more than $1,106,164 worth of shares. Prior to that, 10% Owner GOLDENTREE ASSET MANAGEMENT LP went on to Sale 131,847 shares at $42.20 each on Oct 01. An amount of $5,564,532 was transacted.

Valuation Metrics

California Resources Corporation (CRC) has a trailing price-to-earnings (P/E) ratio of 0.50, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, California Resources Corporation’s PE ratio has ranged between 5.613 and 0.5318. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.55, the price-to-book (PB) ratio at 3.95, and the price-to-cash flow ratio at 17.93.

The company’s most recent quarterly dividend payment was $4.50 a share, representing a up of 99.78 from $0.01 last year.

The quick ratio of California Resources Corporation for the three months ended March 30 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.66 and a total debt to equity ratio of 0.00 for the quarter ending March 30. On the profitability front, the trailing 12-month gross margin is 53.60% against a 5-year average of 33.7%. California Resources Corporation’s EBITDA margin for the year ending March 30 is 22.93%. Its gross profit as reported stood at -$1.89 billion compared to revenue of $1.56 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, California Resources Corporation’s return on assets was 104.40%, compared to -8.5% over the last five years.

Earnings Surprise

The analyst consensus anticipated California Resources Corporation’s latest quarter earnings to come in at -$1.71 per share, but it turned out to be -$0.16, a 90.60% surprise. For the quarter, EBITDA amounted to -$88.0 million. Shareholders own equity worth $81.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at California Resources Corporation (CRC) price momentum. RSI 9-day as of the close on 13 October was 62.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.57%.

As of today, CRC’s price is $40.97 +8.10% or $3.18 from its 5-day moving average. CRC is currently trading +0.55% higher than its 20-day SMA and +43.88% higher than its 100-day SMA. However, the stock’s current price level is +51.86% above the SMA50 and +92.78% above the SMA200.

The stochastic %K and %D were 60.85% and 50.48%, respectively, and the average true range (ATR) was 1.69. With the 14-day stochastic at 86.80% and the average true range at 1.68, the RSI (14) stands at 62.42%. The stock has reached 0.31 on the 9-day MACD Oscillator while the 14-day reading was at 0.32.

Analyst Ratings

MKM Partners launched coverage on California Resources Corporation (NYSE: CRC) in its analyst report released on September 22, 2021. The firm assigned the stock a a Buy rating.The consensus rating for California Resources Corporation (CRC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CRC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is CRC’s price target for the next 12 months?

Analysts predict a range of price targets between $47.00 and $60.00, with a median target of $54.00. Taking a look at these predictions, the average price target given by analysts for California Resources Corporation (CRC) stock is $53.67.


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