California Resources Corporation (CRC) earnings: expect 5% revenue growth

1:27 pm ET, 01 May 2019

California Resources Corporation (CRC) is announcing earnings on May 02 after the market closes. Wondering what revenue and earnings will look like?

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $641M, which implies 5% growth rate year-over-year.

Earnings per share are expected to come in at $-0.31. If this materializes, EPS will decline -272% year-over-year.

How did the stock do last month?

Over the last month, California Resources Corporation (CRC) returned -16.39%.

How is the stock valued?

California Resources Corporation (CRC) forward P/E ratio is 13.52, and it’s high compared to its industry peers’ P/E ratios.

What do analysts say about the stock?

California Resources Corporation (CRC) average analyst price target is 42.65% above its current price ($21.08).

For the latest price and information on California Resources Corporation, please visit Finstead and ask for "CRC", "CRC analysis" or "CRC news".

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California Resources Corporation (CRC) Stock Guide

Updated at: 10:22 pm ET, 16 Sep 2020

Before we start: if you're looking for CRC stock price, you can quickly find it out by visiting Finny and typing "CRC quote". If you're looking for a quick scoop on CRC stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "CRC". You'll get all this info in one place. Or you can just type "CRC news" to get the latest stock news.

Looking to buy or sell California Resources Corporation (CRC)? Interested in getting the full scoop on CRC, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this CRC stock guide, we'll address key questions about CRC, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What is CRC stock forecast (i.e., prediction)?
2. CRC buy or sell? What is CRC Finny Score?
3. What are the reasons to buy CRC? Why should I buy CRC stock?
4. What are the reasons to sell CRC? Why should I sell CRC stock?
5. What are CRC key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Analyst Predictions

1. What is CRC stock forecast (i.e., prediction)?

Based on CRC analyst price targets, CRC stock forecast is $1.75 (for a year from now). That means the average analyst price target for CRC stock is $1.75. The prediction is based on 8 analyst estimates.

The low price target for CRC is $1.50, while the high price target is $2.00.

CRC analyst rating is Hold.

Analysis

2. CRC buy or sell? What is CRC Finny Score?

#{finnyScore:null}Our quantitative analysis shows 1 reason to buy and 2 reasons to sell CRC. CRC doesn’t have an assigned Finny Score, because we don’t have sufficient data points to score the stock.

3. What are the reasons to buy CRC? Why should I buy CRC stock?

Here are the reasons to buy CRC stock:

  • California, where CRC operates, is a top oil province. Five of the 10 largest conventional oil fields in the United States (lower 48 states) are located in California.
  • The company is still discovering the limits of remaining potential.
  • CRC profitability is improving. The YoY profit margin change was 23.17 percentage points. See CRC profitability chart.

4. What are the reasons to sell CRC? Why should I sell CRC stock?

Let's look at the reasons to sell CRC stock (i.e., the bear case):

  • CRC stock price ($12300.00) is close to the 52-week high ($12750.00). Perhaps now is a good time to sell? See CRC price chart.
  • CRC average analyst price target ($1.75) is below its current price ($12300.00). See CRC price target chart.

Key Stats

5. What are CRC key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for CRC:

Metrics CRC
Price $1.18
Average Price Target / Upside $1.75 / 48.94%
Average Analyst Rating Hold
Forward Dividend Yield 0.00%
Industry Oil & Gas E&P
Sector Energy
Number of Employees 1,500
Market Cap $58.35M
Forward P/E Ratio -0.18
Price/Book Ratio N/A
Revenue (TTM) N/A
YoY Quarterly Revenue Growth N/A
Profit Margin N/A

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