Nothing seems to bother California Resources Corp (NYSE:CRC)

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Earnings results for California Resources Corp (NYSE:CRC)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMar 2020 , the consensus EPS* forecast has remained the same over the past week at -1.38 and remained the same over the past month at -1.38. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -11 and remained the same over the past month at -11 . none raised and none lowered their forecast.

Analyst Opinion on California Resources Corp (NYSE:CRC)

3 Wall Street analysts have issued ratings and price targets for California Resources in the last 12 months. Their average twelve-month price target is $17.50, suggesting that the stock has a possible upside of 954.22%. The high price target for CRC is $24.00 and the low price target for CRC is $11.00. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

California Resources has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating. According to analysts’ consensus price target of $17.50, California Resources has a potential upside of 954.2% from its current price of $1.66. California Resources has received no research coverage in the past 90 days.

Dividend Strength: California Resources Corp (NYSE:CRC)

California Resources does not currently pay a dividend. California Resources does not have a long track record of dividend growth.

Insiders buying/selling: California Resources Corp (NYSE:CRC)

In the past three months, California Resources insiders have not sold or bought any company stock. Only 4.09% of the stock of California Resources is held by insiders. 49.71% of the stock of California Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of California Resources Corp (NYSE:CRC

Earnings for California Resources are expected to decrease in the coming year, from ($11.00) to ($12.56) per share. The P/E ratio of California Resources is -2.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of California Resources is -2.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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