In the past 52-week period, shares of California Resources Corporation (NYSE:CRC) have moved within the range of $6.47 to $23.42. On the stock’s most recent trading day, the company’s shares ended the regular session at $16.04, which is 31.51% higher than its 52-week high.
California Resources Corporation (CRC) has demonstrated a 20-day simple moving average (SMA) of 0.46%, and a 50-day SMA of 20.38%. This public company’s current market capitalization stands at $690.04 million.Analyzing Consensus Estimates, Sales Revenue and Net Income
When considering entering a position, it is crucial to understand the average enthusiasm level expressed by Wall Street analysts for that particular stock. According to the latest data, the consensus recommendation for California Resources Corporation (CRC) is Hold.
Publicly-traded organizations typically post revenue and earnings results that fall either above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, California Resources Corporation (CRC) delivered a 8.78% surprise with its net revenue. Sales reached $0.45 billion during the three-month period, compared to the average analyst estimate of $0.49 billion.
Meanwhile, during the same quarter California Resources Corporation (CRC) delivered a -23.33% earnings surprise. Net earnings for the quarter were posted at -$1.22 per share, whereas Wall Street had forecast -$1.59 per share.Ownership at California Resources Corporation (CRC), According to Most Recent SEC Filings
We can find critical insight by examining institutional ownership, which are reported in public companies’ most recent 13F filings. California Resources Corporation (CRC) has 0 billion shares outstanding currently, 75.71% of which belong to institutional investors. Those institutional holdings amount to $0.54 billion.
Additionally, according to the most recent 13F filing from California Resources Corporation (CRC), there were 27 new positions totaling 1,427,892 shares of the company’s stock. There were 44 sold out positions, on the other hand, totaling 1,633,719 shares.Short, Medium and Long Term Indicators
A stock’s average trade volume, as recorder over the short, medium and long terms, is helpful to analyze in order to gain a better understanding of trading activity and investor sentiment. California Resources Corporation (CRC) has had a 20-day average volume of 1,639,865 shares, with an average of 0% of short term indicators pointed at Hold.
The stock’s 50-day average volume has been 1,681,560 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,586,571 shares with 67% of long-term indicators pointing to Buy.