California Resources (CRC) Earning Somewhat Favorable News Coverage, Accern Reports

Media headlines about California Resources (NYSE:CRC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. California Resources earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 45.1067574003219 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

CRC has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of California Resources from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of California Resources from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, October 18th. Imperial Capital initiated coverage on shares of California Resources in a research note on Tuesday, October 3rd. They set an “in-line” rating and a $12.00 target price for the company. ValuEngine cut shares of California Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, October 6th. Finally, Societe Generale upgraded shares of California Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. California Resources presently has an average rating of “Hold” and an average price target of $14.25.

California Resources (CRC) opened at $16.10 on Monday. California Resources has a one year low of $6.47 and a one year high of $23.42. The company has a current ratio of 0.61, a quick ratio of 0.53 and a debt-to-equity ratio of -8.78.

California Resources (NYSE:CRC) last announced its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($1.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.61) by $0.39. The business had revenue of $455.00 million during the quarter, compared to analyst estimates of $476.87 million. During the same quarter in the prior year, the company posted ($1.75) EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. research analysts forecast that California Resources will post -4.67 EPS for the current fiscal year.

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California Resources Company Profile

California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).

Insider Buying and Selling by Quarter for California Resources (NYSE:CRC)

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