California Resources Corporation (CRC) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 1.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. The 52-week range on CRC shows that it touched its highest point at $60.41 and its lowest point at $38.02 during that stretch. It currently has a 1-year price target of $67.13. With its current market cap of 3.66 billion, CRC has annualized dividend of $1.40 while the current yield stands at 3.46%. Beta for the stock currently stands at 1.52.

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 down-trending over the past week, with a drop of -10.87%, but this was down by -17.02% over a month. Three-month performance dropped to -31.93% while six-month performance fell -23.25%. The stock lost -25.37% in the past year, while it has lost -22.39% so far this year. A look at the trailing 12-month EPS for CRC yields 4.11 with Next year EPS estimates of 4.06. For the next quarter, that number is 0.81. This implies an EPS growth rate of -6.11% for this year and 11.10% for next year.

Float and Shares Shorts:

At present, 90.78 million CRC shares are outstanding with a float of 74.75 million shares on hand for trading.

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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.38353 being high and $3.81963 being low. For CRC, this leads to a yearly average estimate of $4.09626. Based on analyst estimates, the high estimate for the next quarter is $0.95 and the low estimate is $0.62. The average estimate for the next quarter is thus $0.76.

Summary of Insider Activity:

Insiders traded CRC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.