California Resources Corporation

Equities

CRC

US13057Q3056

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 16:00:02 2024-06-14 EDT			5-day change	1st Jan Change
48.73 ^USD	-0.63%		+2.59%	-10.88%

06-10	US energy sector consolidation extends into 2024	RE
05-31	California Resources Insider Sold Shares Worth $2,630,095, According to a Recent SEC Filing	MT

Tranche Update on California Resources Corporation's Equity Buyback Plan announced on May 13, 2021.

May 07, 2024 at 04:34 pm

From January 1, 2024 to May 3, 2024, the company has repurchased 1,365,764 shares, representing 1.99% for $71.76 million. With this, the company has completed the repurchase of 16,229,679 shares, representing 21.41% for $674.25 million under the buyback announced on May 13, 2021.

Latest news about California Resources Corporation

US energy sector consolidation extends into 2024	06-10	RE
California Resources Insider Sold Shares Worth $2,630,095, According to a Recent SEC Filing	05-31	MT
US energy sector consolidation extends into 2024	05-29	RE
California Resources Insider Sold Shares Worth $8,476,476, According to a Recent SEC Filing	05-24	MT
California Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured Notes	05-21	CI
Sector Update: Energy Stocks Fall in Late Monday Afternoon Trading	05-20	MT
Sector Update: Energy Stocks Decline in Monday Afternoon Trading	05-20	MT
Sector Update: Energy	05-20	MT
California Resources Plans $500 Million Notes Offering	05-20	MT
California Resources Corporation Announces Private Offering of $500 Million of Senior Unsecured Notes	05-20	CI
Mizuho Adjusts Price Target on California Resources to $64 From $63, Maintains Buy Rating	05-13	MT
Transcript : California Resources Corporation, Q1 2024 Earnings Call, May 08, 2024	05-08
California Resources Q1 Adjusted Earnings, Operating Revenue Fall	05-08	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Reports Q1 EPS $0.75	05-07	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Reports Q1 Revenue $454M, vs. Street Est of $471M	05-07	MT
Tranche Update on California Resources Corporation's Equity Buyback Plan announced on May 13, 2021.	05-07	CI
California Resources Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	05-07	CI
California Resources Corporation Announces Board Changes	05-07	CI
California Resources Corporation Provides Production Guidance for the Second Quarter and Full Year of 2024	05-07	CI
California Resources Corporation Declares a Quarterly Cash Dividend, Payable on June 14, 2024	05-07	CI
Stifel Adjusts Price Target on California Resources to $69 From $68, Maintains Buy Rating	04-23	MT
Barclays Initiates Coverage on California Resources With Equalweight Rating, $62 Price Target	04-10	MT
Mizuho Securities Adjusts Price Target on California Resources to $63 From $69, Maintains Buy Rating	03-22	MT
Stifel Cuts Price Target on California Resources to $68 From $72, Maintains Buy Rating	03-22	MT
California Resources Corporation Enters into Third Amendment to Amended and Restated Credit Agreement	03-11	CI

Chart California Resources Corporation

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Company Profile

California Resources Corporation is an independent energy and carbon management company committed to energy transition. It produces the lowest carbon intensity oil in the United States. It is in the early stages of developing several carbon capture and storage projects in California. Its carbon management business, Carbon TerraVault, is focused on building, installing, operating, and maintaining carbon dioxide (CO2) capture equipment, transportation assets and storage facilities in California. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It holds substantially all the working, surface and mineral interests in the Elk Hills field, which is its largest producing asset in the San Joaquin basin, and has a large ownership interest in several other oil fields located in the San Joaquin basin, including Buena Vista and Coles Levee. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide.

Sector

Oil & Gas Exploration and Production

Calendar

2024-06-25 - Extraordinary Shareholders Meeting - M&A Vote

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Income Statement Evolution

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Ratings for California Resources Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

48.73 USD

Average target price

62 USD

Spread / Average Target

+27.23%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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