Investing In California Resources Corporation (NYSE: CRC): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. The current market capitalization of California Resources Corporation is $4.61B. A total of 0.81 million shares were traded on the day, compared to an average of 942.93K shares.

In the most recent transaction, McFarland Mark Allen sold 18,000 shares of CRC for 47.24 per share on May 29 ’24. After the transaction, the Director now owns 86,939 company shares. In a previous transaction on May 28 ’24, McFarland Mark Allen sold 37,000 shares at 48.10 per share. CRC shares that Director owns now total 104,939.

Among the insiders who sold shares, McFarland Mark Allen disposed of 75,000 shares on May 24 ’24 at a per-share price of $47.18. This resulted in the Director holding 141,939 shares of CRC after the transaction. In another insider transaction, Roby William B bought 388 shares at $46.97 per share on May 23 ’24. Company shares held by the Director now total 51,014.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. California Resources Corporation pays an annual dividend of $1.21, resulting in a dividend yield of 2.36%, and it has a price to earnings (P/E) ratio of 14.76. CRC’s most recent ex-dividend date was 5/31/2024 when it declared a $0.31 quarterly dividend that was paid in cash on 6/14/2024. Previously, the company paid the dividend on 3/18/2024 with an ex-dividend date of 3/5/2024. The CRC stock dividend was $0.31 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CRC has a high of $58.44 and a low of $43.30.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CRC’s latest balance sheet shows that the firm has $305.00M in Cash & Short Term Investments as of fiscal 2021. There were $637.00M in debt and $854.00M in liabilities at the time. Its Book Value Per Share was $30.54, while its Total Shareholder’s Equity was $1.69B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRC is Buy with a score of 4.17.

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