California Resources Corporation (CRC) to Release Earnings on Monday
California Resources Corporation (NYSE:CRC) will post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect California Resources Corporation to post earnings of ($1.59) per share for the quarter.
California Resources Corporation (NYSE:CRC) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported ($1.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.63) by ($0.20). The firm had revenue of $516.00 million during the quarter, compared to the consensus estimate of $450.17 million. During the same quarter in the previous year, the company earned ($1.80) earnings per share. The business’s quarterly revenue was up 62.8% on a year-over-year basis. On average, analysts expect California Resources Corporation to post $-5.37 EPS for the current fiscal year and $-2.35 EPS for the next fiscal year.
Shares of California Resources Corporation (CRC) opened at 10.10 on Monday. California Resources Corporation has a 1-year low of $6.47 and a 1-year high of $23.42. The company has a market cap of $432.00 million, a P/E ratio of 0.91 and a beta of 6.34. The stock has a 50 day moving average price of $9.90 and a 200-day moving average price of $9.72.
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CRC has been the topic of a number of analyst reports. Morgan Stanley increased their price target on California Resources Corporation from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised California Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine raised California Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 26th. Imperial Capital initiated coverage on California Resources Corporation in a research note on Tuesday, October 3rd. They issued an “in-line” rating and a $12.00 price target on the stock. Finally, BidaskClub downgraded California Resources Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. California Resources Corporation currently has a consensus rating of “Hold” and a consensus target price of $11.50.
About California Resources Corporation
California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).
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