California Resources (NYSE:CRC) Issues Earnings Results

California Resources (NYSE:CRC) released its earnings results on Thursday. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.71) by $1.55, Fidelity Earnings reports. California Resources had a negative return on equity of 26.12% and a negative net margin of 1.06%.

California Resources stock opened at $1.33 on Friday. The company has a market capitalization of $69.10 million, a PE ratio of -2.18 and a beta of 5.73. California Resources has a one year low of $0.85 and a one year high of $20.78. The business has a 50 day simple moving average of $1.65 and a 200 day simple moving average of $4.73.

A number of analysts have issued reports on CRC shares. ValuEngine raised California Resources from a “sell” rating to a “hold” rating in a report on Wednesday, April 1st. Bank of America downgraded California Resources from a “neutral” rating to an “underperform” rating in a research report on Monday, March 9th. Raymond James downgraded California Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 17th. Finally, Zacks Investment Research upgraded California Resources from a “sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.00.

California Resources Company Profile

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marketers, California refineries, and other purchasers that have access to transportation and storage facilities.

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Earnings History for California Resources (NYSE:CRC)

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