News coverage about California Resources (NYSE:CRC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. California Resources earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the oil and gas producer an impact score of 45.7000294565262 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- California Resources (CRC) versus EQT (EQT) Head-To-Head Analysis (americanbankingnews.com)
- Imperial Capital Analysts Give California Resources (CRC) a $41.00 Price Target (americanbankingnews.com)
- Brokerages Expect California Resources (CRC) to Announce -$0.29 Earnings Per Share (americanbankingnews.com)
- California Resources (CRC) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Occidental Petroleum’s outlook (futuresmag.com)
Several research firms have issued reports on CRC. Imperial Capital set a $41.00 price target on shares of California Resources and gave the stock an “outperform” rating in a report on Thursday, May 17th. Zacks Investment Research lowered shares of California Resources from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. ValuEngine raised shares of California Resources from a “buy” rating to a “strong-buy” rating in a report on Friday, May 4th. Bank of America set a $38.00 price target on shares of California Resources and gave the stock a “buy” rating in a report on Friday, May 4th. Finally, Societe Generale lowered shares of California Resources from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $29.75.
NYSE:CRC opened at $38.01 on Tuesday. California Resources has a 12 month low of $6.47 and a 12 month high of $38.20. The company has a debt-to-equity ratio of -7.56, a current ratio of 1.18 and a quick ratio of 1.11. The firm has a market cap of $1.54 billion, a PE ratio of -8.64 and a beta of 5.79.
California Resources (NYSE:CRC) last posted its quarterly earnings data on Thursday, May 3rd. The oil and gas producer reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.75) by $0.93. The company had revenue of $609.00 million for the quarter, compared to analyst estimates of $537.65 million. During the same quarter in the previous year, the firm posted ($1.02) earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. equities analysts predict that California Resources will post 0.2 EPS for the current year.
In related news, Director Harry T. Mcmahon acquired 35,530 shares of the stock in a transaction dated Thursday, March 1st. The stock was acquired at an average cost of $14.18 per share, for a total transaction of $503,815.40. Following the completion of the purchase, the director now owns 48,773 shares of the company’s stock, valued at approximately $691,601.14. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.31% of the company’s stock.
About California Resources
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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