With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.73 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $58.72 whereas the lowest price it dropped to was $57.45. The 52-week range on CRC shows that it touched its highest point at $60.41 and its lowest point at $43.09 during that stretch. It currently has a 1-year price target of $64.09. With its current market cap of 5.27 billion, CRC has annualized dividend of $1.32 while the current yield stands at 2.29%. Beta for the stock currently stands at 1.44.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRC was up-trending over the past week, with a rise of 1.11%, but this was up by 12.64% over a month. Three-month performance surged to 13.91% while six-month performance rose 18.22%. The stock gained 14.09% in the past year, while it has gained 5.12% so far this year. A look at the trailing 12-month EPS for CRC yields 6.35 with Next year EPS estimates of 4.45. For the next quarter, that number is 1.08. This implies an EPS growth rate of -33.27% for this year and 29.95% for next year. EPS is expected to decline by -1.68% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.81%.
Float and Shares Shorts:
At present, 91.71 million CRC shares are outstanding with a float of 75.28 million shares on hand for trading. On 2024-10-31, short shares totaled 3.37 million, which was 368.0 higher than short shares on 1727654400. In addition to Mr. Francisco J. Leon as the firm’s CEO, President & Director, Mr. Manuela Molina serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.9277 of CRC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CRC reported revenue of $990000000.0 and operating income of $155000000.0. The EBITDA in the recently reported quarter was $301000000.0 and diluted EPS was $3.78.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRC since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRC analysts setting a high price target of 73.0 and a low target of 57.0, the average target price over the next 12 months is 65.3. Based on these targets, CRC could surge 27.0% to reach the target high and fall by -0.84% to reach the target low. Reaching the average price target will result in a growth of 13.6% from current levels.
Analysts have provided yearly estimates in a range of $3.53287 being high and $3.30333 being low. For CRC, this leads to a yearly average estimate of $3.42309.
