Impact of Brokerage Rating on California Resources Corporation(CRC)

Many California Resources Corporation(CRC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. California Resources Corp was Upgraded by Morgan Stanley to Equal-Weight on Nov 22, 2016.

Company has reported several Insider transactions to the SEC, on Mar 10, 2016, Todd A. Stevens (CEO) purchased 11,500 shares at 0.85 per share price.On Mar 10, 2016, Robert A. Barnes (EVP – N. Operations) purchased 4,800 shares at 2.11 per share price.On Mar 4, 2016, Charles F. Weiss (EVP – Public Affairs) purchased 8,000 shares at 1.35 per share price.

California Resources Corp Last issued its quarterly earnings results on Nov 3, 2016. The company reported $-1.75 EPS for the quarter, missing the analyst consensus estimate by $ -0.20. Analyst had a consensus of $-1.55.Analysts expectations of $ 431.60.

California Resources Corporation (NYSE:CRC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 4 Brokerage Firm. 4 Brokerage Firms have advised hold.

California Resources Corporation (NYSE:CRC): The mean estimate for the short term price target for California Resources Corporation (NYSE:CRC) stands at $25.5 according to 2 Analysts. The higher price target estimate for the stock has been calculated at $26 while the lower price target estimate is at $25.

California Resources Corporation (NYSE:CRC) rose 1.59% or 0.3 points on Tuesday and made its way into the gainers of the day. After trading began at $19.32 the stock was seen hitting $19.32 as a peak level and $18.71 as the lowest level. The stock ended up at $19.11. The daily volume was measured at 956,461 shares. The 52-week high of the share price is $25.5 and the 52-week low is $2.809. The company has a market cap of $788 million.

California Resources Corporation is engaged in exploration and production of oil and gas. The Company produces, gathers, processes and markets crude oil, natural gas, natural gas liquids and electricity primarily in the State of California. California Resources Corporation is based in Los Angeles, California.


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