CRC - California Resources Corp Stock Price, Fair Value and News

49.12USD+0.50 (+1.03%)Delayed as of 16 May 2024, 11:44 am ET

Market Summary

USD49.12+0.50

Delayedas of 16 May 2024, 11:44 am

1.03%

CRC Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)
Losses in recent quarter

CRC Stock Price

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CRC RSI Chart

CRC Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

13.17

Price/Sales (Trailing)

1.49

EV/EBITDA

6.06

Price/Free Cashflow

CRC Price/Sales (Trailing)

CRC Profitability

EBT Margin

15.82%

Return on Equity

12.09%

Return on Assets

6.47%

Free Cashflow Yield

7.14%

CRC Fundamentals

CRC Revenue

Revenue (TTM)

2.2B

Rev. Growth (Yr)

-55.66%

Rev. Growth (Qtr)

-37.47%

CRC Earnings

Earnings (TTM)

253.0M

Earnings Growth (Yr)

-103.32%

Earnings Growth (Qtr)

-105.32%

Breaking Down CRC Revenue

52 Week Range

49.19

(Low)(High)

Last 7 days

-2.9%

Last 30 days

-11.6%

Last 90 days

-9.8%

Trailing 12 Months

25.9%

How does CRC drawdown profile look like?

CRC Financial Health

Current Ratio

1.41

Debt/Equity

0.26

Debt/Cashflow

0.79

CRC Investor Care

Dividend Yield

3.6%

Dividend/Share (TTM)

1.75

Buy Backs (1Y)

2.86%

Diluted EPS (TTM)

3.52

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.2B	0	0	0
2023	3.6B	3.4B	2.8B	2.8B
2022	1.6B	1.9B	2.5B	2.7B
2021	1.7B	1.9B	1.6B	1.9B
2020	2.5B	2.1B	1.7B	2.0B
2019	3.1B	3.2B	3.1B	2.6B
2018	2.0B	2.1B	2.5B	3.1B
2017	1.8B	1.9B	1.9B	2.0B
2016	2.1B	1.8B	1.7B	1.5B
2015	3.6B	3.1B	2.7B	2.4B
2014	4.3B	4.2B	4.2B	4.2B
2013	0	0	4.2B	4.3B
2012	0	0	0	4.1B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of California Resources Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	molina peralta manuela	sold (taxes)	-199,358	50.09	-3,980	evp and cfo
May 08, 2024	hayat omar	sold (taxes)	-5,209	50.09	-104	evp - operations
May 03, 2024	roby william b	acquired	-	-	3,705	-
May 03, 2024	kendall christian s	acquired	-	-	3,705	-
May 03, 2024	chapman james n	acquired	-	-	3,705	-
May 03, 2024	neeman brady nicole elana	acquired	-	-	3,705	-
May 03, 2024	cepak tiffany thom	acquired	-	-	6,021	-
May 03, 2024	veltmann alejandra	acquired	-	-	3,705	-
May 03, 2024	bremner andrew b.	acquired	-	-	3,705	-
May 03, 2024	mcfarland mark allen	acquired	-	-	3,705	-

Which funds bought or sold CRC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Alberta Investment Management Corp	unchanged	-	19,614	2,573,170	0.03%
May 15, 2024	D. E. Shaw & Co., Inc.	reduced	-53.31	-381,489	338,920	-%
May 15, 2024	MARSHALL WACE, LLP	added	5,998	14,798,000	15,042,900	0.02%
May 15, 2024	ArrowMark Colorado Holdings LLC	unchanged	-	116,760	15,317,800	0.17%
May 15, 2024	Squarepoint Ops LLC	added	82.01	2,668,380	5,867,760	0.01%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	new	-	10,932,000	10,932,000	0.01%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-68.55	-14,051,800	6,520,090	-%
May 15, 2024	JANUS HENDERSON GROUP PLC	added	2.25	465,180	15,838,700	0.01%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	226	21,109,100	30,341,100	-%
May 15, 2024	PRELUDE CAPITAL MANAGEMENT, LLC	new	-	677,399	677,399	0.04%

Are Funds Buying or Selling CRC?

Are funds buying CRC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRC

No. of Funds

Unveiling California Resources Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.30%	7,756,240	SC 13G/A
Feb 09, 2024	solar projects llc	8.96%	6,148,821	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 31, 2024	kimmeridge energy management company, llc	5.1%	3,498,554	SC 13G
Jan 22, 2024	blackrock inc.	16.0%	10,993,936	SC 13G/A
Jul 07, 2023	blackrock inc.	16.6%	11,731,390	SC 13G/A
Mar 10, 2023	vanguard group inc	10.31%	7,368,694	SC 13G/A
Feb 21, 2023	goldentree asset management lp	3.5%	2,543,115	SC 13D/A
Feb 14, 2023	solar projects llc	8.37%	6,148,821	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A

Recent SEC filings of California Resources Corp

View All Filings

Date Filed	Form Type	Document
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 09, 2024	8-K	Current Report
May 08, 2024	10-Q	Quarterly Report
May 07, 2024	4	Insider Trading
May 07, 2024	DEFM14A	DEFM14A
May 07, 2024	8-K	Current Report
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading

Peers (Alternatives to California Resources Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	467.7B	341.1B	-0.89%	15.70%	14.26	1.37	-16.75%	-46.83%
CVX	301.2B	198.9B	3.48%	6.23%	14.84	1.51	-18.05%	-43.28%
OXY	56.2B	27.7B	-7.21%	9.06%	13.01	2.03	-22.75%	-55.41%
MRO	14.9B	6.6B	-8.06%	20.39%	10.4	2.25	-15.57%	-47.38%
CHK	12.0B	6.4B	4.23%	15.81%	11.33	1.86	-54.63%	-85.10%
MID-CAP
RRC	8.9B	2.2B	4.91%	35.23%	18.52	4.06	-62.59%	-77.29%
HP	3.8B	2.7B	-7.54%	26.17%	10.77	1.38	2.93%	8.77%
CNX	3.7B	2.5B	2.44%	57.06%	3.67	1.47	-6.59%	-31.79%
KOS	2.8B	1.7B	-0.50%	0.17%	12.79	1.64	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	243.2M	304.0M	-12.78%	-6.40%	7.95	0.8	-28.78%	-93.34%
AMTX	184.3M	257.2M	1.47%	120.21%	-4.16	0.72	7.59%	61.82%
BATL	93.1M	205.5M	6.79%	-2.41%	-1.63	0.45	-40.02%	-142.55%
AE	71.9M	2.8B	-2.62%	-15.67%	41.96	0.03	-15.01%	137.22%
BRN	27.2M	24.4M	-0.73%	5.04%	-8.36	1.11	-16.16%	-245.04%

California Resources Corp News

Latest updates

California Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Revenue	-37.5%	454	726	460	591	1,024	682	1,125	747	153	430	549	478	432	152	850	312	245	573	610	681	653
Costs and Expenses	-0.9%	464	468	475	444	638	549	536	473	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	464	-	475	444	638	-	536	473	396	-	468	394	436	-	-	422	-	-	-	-	-
S&GA Expenses	-13.6%	57.00	66.00	65.00	71.00	65.00	59.00	59.00	56.00	48.00	53.00	51.00	48.00	48.00	40.00	79.00	64.00	69.00	60.00	62.00	66.00	79.00
EBITDA Margin	-26.1%	0.26*	0.35*	0.30*	0.41*	0.43*	0.35*	0.47*	0.37*	0.20*	0.23*	-0.01*	1.16*	1.35*	-	-	-	-	-	-	-	-
Income Taxes	-111.4%	-9.00	79.00	-8.00	38.00	75.00	34.00	153	76.00	-26.00	-396	-	-	-	-	-	-	-	-	1.00	-	-
Earnings Before Taxes	-107.1%	-19.00	267	-30.00	135	376	117	579	266	-201	318	107	-107	-89.00	-125	2,250	-7.00	-247	-1,745	-24.00	127	41.00
EBT Margin	-40.8%	0.16*	0.27*	0.22*	0.35*	0.37*	0.28*	0.39*	0.26*	0.07*	0.12*	-0.13*	1.01*	1.16*	-	-	-	-	-	-	-	-
Net Income	-105.3%	-10.00	188	-22.00	97.00	301	83.00	426	190	-175	714	103	-111	-94.00	-123	2,189	-29.00	-271	-1,796	-67.00	94.00	12.00
Net Income Margin	-43.7%	0.11*	0.20*	0.17*	0.27*	0.28*	0.19*	0.47*	0.44*	0.33*	0.32*	-0.14*	0.97*	1.11*	-	-	-	-	-	-	-	-
Free Cashflow	-49.2%	33.00	65.00	71.00	69.00	263	39.00	128	83.00	61.00	138	131	77.00	120	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Assets	-2.2%	3,910	3,998	3,952	3,900	4,000	3,967	3,986	4,018	4,032	3,846	3,342	3,240	3,180	3,074	3,288	4,856	4,930	4,974	6,958	7,035	7,032
Current Assets	-9.7%	839	929	929	867	972	864	884	851	834	753	657	577	461	329	515	420	403	356	491	510	522
Cash Equivalents	-18.7%	403	496	479	448	477	307	358	324	328	305	189	151	130	28.00	203	122	126	77.00	17.00	22.00	27.00
Inventory	-2.8%	70.00	72.00	71.00	69.00	64.00	60.00	59.00	57.00	56.00	60.00	60.00	58.00	59.00	61.00	61.00	61.00	61.00	60.00	67.00	66.00	70.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,538	6,352	6,403	6,409
Current Liabilities	-3.6%	594	616	694	582	717	894	932	1,208	1,205	854	957	886	622	473	446	1,194	5,759	543	709	721	610
Long Term Debt	0.2%	541	540	589	593	592	592	591	591	590	589	589	589	588	597	723	-	-	-	4,877	-	-
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,083	-	100	-	-
LT Debt, Non Current	-100.0%	-	540	589	593	592	592	591	591	590	589	589	589	588	597	723	-	-	-	4,877	-	-
Shareholder's Equity	-5.7%	2,093	2,219	2,050	2,110	2,092	1,864	1,855	1,517	1,433	1,688	1,052	915	1,081	1,182	1,269	-	-	-	-	-	-
Retained Earnings	-2.3%	1,387	1,419	1,253	1,295	1,219	938	876	463	286	475	-225	-328	-217	-123	-	-7,466	-7,437	-7,166	-5,370	-5,303	-5,397
Additional Paid-In Capital	-2.6%	1,295	1,329	1,324	1,317	1,311	1,305	1,301	1,296	1,293	1,288	1,286	1,273	1,270	1,268	1,253	5,148	5,008	5,006	5,004	5,000	4,994
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,372	16,537	16,425	16,308
Shares Outstanding	-0.2%	69.00	69.00	69.00	69.00	71.00	72.00	74.00	77.00	79.00	82.00	82.00	83.00	83.00	83.00	49.00	49.00	49.00	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	22.00	35.00	44.00	76.00	68.00	76.00	88.00	93.00	100	129
Float	-	-	-	-	3,121	-	-	-	2,901	-	-	-	2,467	-	-	-	-	59.00	-	-	-	945

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Cashflow From Operations	-33.6%	87.00	131	104	108	310	114	235	181	160	204	182	127	147	-12.00	205	48.00	-135	228	136	268	114
Cashflow From Investing	-16.7%	-49.00	-42.00	-28.00	-44.00	-61.00	-79.00	-109	-76.00	-53.00	-10.00	-88.00	-43.00	-20.00	-7.00	-14.00	-1.00	-15.00	-12.00	-103	-121	12.00
Cashflow From Financing	-81.9%	-131	-72.00	-45.00	-93.00	-79.00	-86.00	-92.00	-109	-84.00	-78.00	-56.00	-63.00	-25.00	-156	-50.00	-51.00	199	-156	-38.00	-152	-142
Dividend Payments	-4.5%	21.00	22.00	19.00	20.00	20.00	20.00	13.00	13.00	13.00	14.00	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-	58.00	-	20.00	64.00	59.00	66.00	80.00	96.00	71.00	64.00	39.00	45.00	-	-	-	-	-	-	-	-	-

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CRC Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUES
Oil, natural gas and NGL sales	$ 429	$ 715
Net (loss) gain from commodity derivatives	(71)	42
Total operating revenues	454	1,024
OPERATING EXPENSES
Operating costs	176	254
General and administrative expenses	57	65
Depreciation, depletion and amortization	53	58
Asset impairment	0	3
Taxes other than on income	38	42
Exploration expense	1	1
Accretion expense	12	12
Carbon management business expenses	8	5
Other operating expenses, net	37	8
Total operating expenses	464	638
Gain on asset divestitures	6	7
OPERATING (LOSS) INCOME	(4)	393
NON-OPERATING (EXPENSES) INCOME
Interest and debt expense	(13)	(14)
Loss from investment in unconsolidated subsidiary	(3)	(2)
Other non-operating income (loss)	1	(1)
(LOSS) INCOME BEFORE INCOME TAXES	(19)	376
Income tax benefit (provision)	9	(75)
NET (LOSS) INCOME	$ (10)	$ 301
Net (loss) income per share
Basic (in dollars per share)	$ (0.14)	$ 4.22
Diluted (in dollars per share)	$ (0.14)	$ 4.09
Weighted-average common shares outstanding
Basic (in shares)	69.0	71.3
Diluted (in shares)	69.0	73.5
Revenue from marketing of purchased commodities
REVENUES
Revenue not from contract with customer	$ 74	$ 187
OPERATING EXPENSES
Costs of sales	54	124
Electricity sales
REVENUES
Revenue not from contract with customer	15	68
Interest and other revenue
REVENUES
Revenue not from contract with customer	7	12
Electricity generation expenses
OPERATING EXPENSES
Costs of sales	8	49
Transportation costs
OPERATING EXPENSES
Costs of sales	$ 20	$ 17

CRC Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 403	$ 496
Trade receivables	192	216
Inventories	70	72
Assets held for sale	13	13
Receivable from affiliate	66	19
Other current assets, net	95	113
Total current assets	839	929
PROPERTY, PLANT AND EQUIPMENT	3,514	3,437
Accumulated depreciation, depletion and amortization	(721)	(667)
Total property, plant and equipment, net	2,793	2,770
INVESTMENT IN UNCONSOLIDATED SUBSIDIARY	16	19
DEFERRED INCOME TAXES	139	132
OTHER NONCURRENT ASSETS	123	148
TOTAL ASSETS	3,910	3,998
CURRENT LIABILITIES
Accounts payable	251	245
Liabilities associated with assets held for sale	5	5
Accrued liabilities	338	366
Total current liabilities	594	616
NONCURRENT LIABILITIES
Long-term debt, net	541	540
Asset retirement obligations	429	422
Other long-term liabilities	253	201
STOCKHOLDERS' EQUITY
Preferred stock (20,000,000 shares authorized at $0.01 par value) no shares outstanding at March 31, 2024 and December 31, 2023	0	0
Common stock (200,000,000 shares authorized at $0.01 par value) (84,460,423 and 83,557,800 shares issued; 68,530,744 and 68,693,885 shares outstanding at March 31, 2024 and December 31, 2023)	1	1
Treasury stock (15,929,679 shares held at cost at March 31, 2024 and 14,863,915 shares held at cost at December 31, 2023)	(662)	(604)
Additional paid-in capital	1,295	1,329
Retained earnings	1,387	1,419
Accumulated other comprehensive income	72	74
Total stockholders' equity	2,093	2,219
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 3,910	$ 3,998

About California Resources Corp

California Resources Corporation operates as an independent oil and natural gas exploration and production company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Long Beach, California.

CEO	Mr. Francisco J. Leon
WEBSITE	crc.com
INDUSTRY	Oil - E&P
EMPLOYEES	1060

California Resources Corp Frequently Asked Questions

What is the ticker symbol for California Resources Corp? What does CRC stand for in stocks?

CRC is the stock ticker symbol of California Resources Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of California Resources Corp (CRC)?

As of Wed May 15 2024, market cap of California Resources Corp is 3.33 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRC stock?

You can check CRC's fair value in chart for subscribers.

What is the fair value of CRC stock?

You can check CRC's fair value in chart for subscribers. The fair value of California Resources Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of California Resources Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is California Resources Corp a good stock to buy?

The fair value guage provides a quick view whether CRC is over valued or under valued. Whether California Resources Corp is cheap or expensive depends on the assumptions which impact California Resources Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRC.

What is California Resources Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, CRC's PE ratio (Price to Earnings) is 13.17 and Price to Sales (PS) ratio is 1.49. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRC PE ratio will change depending on the future growth rate expectations of investors.