California Resources Corporation (NYSE:CRC) has a beta value of 5.71 and has seen 1,237,480 shares traded in the recent trading session. The company, currently valued at $60.09 Million, closed the recent trade at $1.21 per share which meant it lost $0 on the day or -3.57% during that session. The CRC stock price is -1563.64% off its 52-week high price of $20.13 and 29.75% above the 52-week low of $0.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.22 Million shares traded. The 3-month trading volume is 4.33 Million shares.
The consensus among analysts is that California Resources Corporation (CRC) is an Underweight stock at the moment, with a recommendation rating of 3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 2 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$4.51.
California Resources Corporation (NYSE:CRC) trade information
Despite being -3.97% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jun 25 when the CRC stock price touched $1.51 or saw a rise of 19.87%. Year-to-date, California Resources Corporation shares have moved -86.6%, while the 5-day performance has seen it change -16.55%. Over the past 30 days, the shares of California Resources Corporation (NYSE:CRC) have changed -9.02%. Short interest in the company has seen 13.65 Million shares shorted with days to cover at 3.15.
Wall Street analysts have a consensus price target for the stock at $1.3, which means that the shares’ value could jump 7.44% from current levels. The projected low price target is $1.3 while the price target rests at a high of $1.3. In that case, then, we find that the current price level is +7.44% off the targeted high while a plunge would see the stock lose 7.44% from current levels.
California Resources Corporation (CRC) estimates and forecasts
Figures show that California Resources Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -86.21% over the past 6 months, with this year growth rate of -833.57%, compared to -30.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -1455.2% and -977.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be -40.7%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +56.7% over the past 5 years. Earnings growth for 2020 is a modest -108.4% while over the next 5 years, the company’s earnings are expected to increase by 0%.