California Resources (CRC) to Release Quarterly Earnings on Monday

California Resources (NYSE:CRC) is projected to issue its quarterly earnings data before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of $0.96 per share and revenue of $901.36 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

California Resources Stock Performance

NYSE:CRC opened at $44.62 on Friday. The firm’s 50-day moving average is $50.24 and its 200-day moving average is $52.23. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 1.02 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. California Resources has a 52-week low of $43.09 and a 52-week high of $60.41.

Analyst Upgrades and Downgrades

Several research firms have commented on CRC. StockNews.com raised California Resources from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Truist Financial started coverage on California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.00 target price for the company. Capital One Financial raised California Resources to a “strong-buy” rating in a research report on Monday, December 9th. TD Cowen boosted their price target on shares of California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. began coverage on shares of California Resources in a report on Friday, December 20th. They set a “neutral” rating and a $63.00 price objective for the company. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.25.

Insider Buying and Selling

In related news, EVP Omar Hayat sold 16,016 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $55.18, for a total transaction of $883,762.88. Following the completion of the sale, the executive vice president now directly owns 30,940 shares of the company’s stock, valued at $1,707,269.20. This trade represents a 34.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

About California Resources

California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management 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.