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California Resources (CRC) Stock

Profile

Sector:

Energy

Country:

United States

IPO:

28 October 2020

Indexes:

Not included

Description:

California Resources Corporation (CRC) is an energy company focused on oil and natural gas production in California. It engages in exploration, development, and production activities, aiming to provide sustainable energy solutions while minimizing environmental impact. CRC plays a key role in the state's energy landscape.

Key Details

Price

$52.44

TTM Dividend Yield

2.66%(+24.30% YoY)

PE Ratio

8.26(+18.17% YoY)

Beta

1.12

Events Calendar

Earnings

Next earnings date:

Feb 27, 2025

Recent quarterly earnings:

Nov 05, 2024

Recent annual earnings:

Feb 27, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 02, 2024
Splits

Next split:

N/A

Recent split:

June 01, 2016

Analyst ratings

Recent major analysts updates

20 Dec '24 JP Morgan
Neutral
26 Nov '24 TD Cowen
Buy
24 Oct '24 Jefferies
Buy
21 Aug '24 B of A Securities
Buy
15 Aug '24 RBC Capital
Outperform
12 Aug '24 RBC Capital
Outperform
08 Aug '24 Barclays
Equal-Weight
14 June '24 RBC Capital
Outperform
12 June '24 RBC Capital
Outperform
13 May '24 Mizuho
Buy

Market Data

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Institutional Ownership

CRC's Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California
CRC's Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California
CRC's Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California
CRC
globenewswire.com31 December 2024

Represents Nation's First Class VI Permits to Sequester CO2 in Depleted Oil and Natural Gas Fields LONG BEACH, Calif., Dec. 31, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced receipt of final Class VI well permits from the Environmental Protection Agency (EPA) for underground injection and storage of carbon dioxide (CO2) into the 26R reservoir, located at CRC's Elk Hills Field in Kern County, California.

California Resources Corporation Announces January Investor Conference Participation
California Resources Corporation Announces January Investor Conference Participation
California Resources Corporation Announces January Investor Conference Participation
CRC
globenewswire.com16 December 2024

LONG BEACH, Calif., Dec. 16, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC), an independent company focused on energy and carbon management, announced that its executives will attend several events in January 2025. These include the Goldman Sachs Energy, CleanTech & Utilities Conference from January 7 to 8 in Aventura, FL, the StoneX Natural Resources Day 3.0 on January 9 in New York, NY, and the UBS Winter Infrastructure & Energy Conference from January 13 to 15 in Deer Valley, UT, as well as the Jefferies CCS Conference on January 14, which will be held online. Presentation materials will be accessible on the day of each event on the Earnings and Presentations page in the Investor Relations section of www.crc.com.

California Resources Stock Could Be a Huge Long-Term Winner
California Resources Stock Could Be a Huge Long-Term Winner
California Resources Stock Could Be a Huge Long-Term Winner
CRC
marketbeat.com10 November 2024

There has been a lot of discussion about AI and data centers, leading to excitement in the markets for companies that can supply a crucial resource: electricity. Data centers that support AI tasks require a significant amount of power.

California Resources Corporation (CRC) Q3 2024 Earnings Call Transcript
California Resources Corporation (CRC) Q3 2024 Earnings Call Transcript
California Resources Corporation (CRC) Q3 2024 Earnings Call Transcript
CRC
seekingalpha.com06 November 2024

California Resources Corporation (NYSE:CRC) will hold its Q3 2024 Earnings Conference Call on November 6, 2024, at 1:00 PM ET. The call will feature key company participants, including Joanna Park, Francisco Leon, Nelly Molina, Jay Bys, and Omar Hayat. Various conference call participants from different financial institutions will also be present.

California Resources Corporation (CRC) Q3 Earnings and Revenues Surpass Estimates
California Resources Corporation (CRC) Q3 Earnings and Revenues Surpass Estimates
California Resources Corporation (CRC) Q3 Earnings and Revenues Surpass Estimates
CRC
zacks.com05 November 2024

California Resources Corporation (CRC) reported quarterly earnings of $1.50 per share, which is higher than the Zacks Consensus Estimate of $0.89 per share. This is an increase compared to earnings of $1.02 per share from the same period last year.

California Resources Reports Third Quarter 2024 Financial and Operating Results
California Resources Reports Third Quarter 2024 Financial and Operating Results
California Resources Reports Third Quarter 2024 Financial and Operating Results
CRC
globenewswire.com05 November 2024

LONG BEACH, Calif., Nov. 5, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) has announced its financial and operational results for the third quarter of 2024.

Carbon TerraVault Provides Third Quarter 2024 Update
Carbon TerraVault Provides Third Quarter 2024 Update
Carbon TerraVault Provides Third Quarter 2024 Update
CRC
globenewswire.com05 November 2024

Carbon TerraVault Holdings, LLC (CTV), a carbon management branch of California Resources Corporation, announced on November 5, 2024, that they received approval for Conditional Use Permits from the Kern County Board of Supervisors for the CTV I CCS project. They also signed a Brownfield Memorandum of Understanding for approximately 1.5 million tons per year of CO2 emissions. This information was shared in their update for the third quarter of 2024.

Kern County Board of Supervisors Advance CRC's Carbon TerraVault I Project
Kern County Board of Supervisors Advance CRC's Carbon TerraVault I Project
Kern County Board of Supervisors Advance CRC's Carbon TerraVault I Project
CRC
globenewswire.com21 October 2024

LONG BEACH, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management division, Carbon TerraVault, have received unanimous approval from the Kern County Board of Supervisors for the conditional use permit for the Carbon TerraVault I (CTV I) carbon capture and storage project.

Canter Completes Railroad Valley Acquisition
Canter Completes Railroad Valley Acquisition
Canter Completes Railroad Valley Acquisition
CRC
newsfilecorp.com17 October 2024

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) is happy to announce that it has successfully completed the acquisition of the Railroad Valley claims, known as the RV Project, as mentioned in the news release on September 12, 2024. The RV Project is located next to land held by 3 Proton Lithium, the most active explorer of critical minerals in Railroad Valley.

California Resources Corporation Announces Consideration for Tender Offer for Certain of its 7.125% Senior Notes due 2026
California Resources Corporation Announces Consideration for Tender Offer for Certain of its 7.125% Senior Notes due 2026
California Resources Corporation Announces Consideration for Tender Offer for Certain of its 7.125% Senior Notes due 2026
CRC
businesswire.com22 August 2024

LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--California Resources Corporation (NYSE: CRC) has revealed the payment details for its previously announced cash tender offer. This offer aims to buy back up to $300 million of its 7.125% senior notes due in 2026, following the terms outlined in the Company's Offer to Purchase from August 8, 2024, which has been updated.

FAQ

  • What is the primary business of California Resources?
  • What is the ticker symbol for California Resources?
  • Does California Resources pay dividends?
  • What sector is California Resources in?
  • What industry is California Resources in?
  • What country is California Resources based in?
  • When did California Resources go public?
  • Is California Resources in the S&P 500?
  • Is California Resources in the NASDAQ 100?
  • Is California Resources in the Dow Jones?
  • When was California Resources's last earnings report?
  • When does California Resources report earnings?
  • Should I buy California Resources stock now?

What is the primary business of California Resources?

California Resources Corporation (CRC) is an energy company focused on oil and natural gas production in California. It engages in exploration, development, and production activities, aiming to provide sustainable energy solutions while minimizing environmental impact. CRC plays a key role in the state's energy landscape.

What is the ticker symbol for California Resources?

The ticker symbol for California Resources is NYSE:CRC

Does California Resources pay dividends?

Yes, California Resources pays dividends. The last payment was $0.39, with an ex-dividend date on 02 December 2024

What sector is California Resources in?

California Resources is in the Energy sector

What industry is California Resources in?

California Resources is in the Oil & Gas Equipment & Services industry

What country is California Resources based in?

California Resources is headquartered in United States

When did California Resources go public?

California Resources's initial public offering (IPO) was on 28 October 2020

Is California Resources in the S&P 500?

No, California Resources is not included in the S&P 500 index

Is California Resources in the NASDAQ 100?

No, California Resources is not included in the NASDAQ 100 index

Is California Resources in the Dow Jones?

No, California Resources is not included in the Dow Jones index

When was California Resources's last earnings report?

California Resources's most recent earnings report was on 5 November 2024

When does California Resources report earnings?

The next expected earnings date for California Resources is 27 February 2025

Should I buy California Resources stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions