Media stories about California Resources Corporation (NYSE:CRC) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. California Resources Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 46.5128874561072 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Needle Action Activity Spotted in California Resources Corp (CRC) – Evergreen Caller (evergreencaller.com)
- California Resources Corporation (NYSE:CRC) Bonds Rise 1.5% During Trading (campdesrecrues.com)
- Antero Resources Corporation (AR) Getting Somewhat Favorable News Coverage, Study Shows (overnewsmagazine.com)
- California Resources Corporatio (NYSE:CRC) Experiences Lighter than Usual Trading Volume – Modern Readers (modernreaders.com)
- Price Target Estimates: Range Resources Corporation (RRC) (footballhebdo.com)
CRC has been the subject of a number of research reports. Bank of America Corporation cut shares of California Resources Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $22.00 to $10.00 in a research report on Friday, June 30th. Zacks Investment Research cut shares of California Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, BidaskClub cut shares of California Resources Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th.
Shares of California Resources Corporation (NYSE CRC) opened at 7.31 on Tuesday. The stock has a market capitalization of $311.35 million, a PE ratio of 0.81 and a beta of 6.23. California Resources Corporation has a 12 month low of $6.64 and a 12 month high of $23.42. The company’s 50-day moving average is $8.55 and its 200-day moving average is $13.55.
California Resources Corporation (NYSE:CRC) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported ($1.83) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.63) by $0.20. The firm had revenue of $516 million for the quarter, compared to the consensus estimate of $450.17 million. During the same quarter last year, the business posted ($1.80) EPS. The firm’s revenue was up 62.8% compared to the same quarter last year. Equities research analysts expect that California Resources Corporation will post ($5.47) earnings per share for the current fiscal year.
In other California Resources Corporation news, Director Justin A. Gannon purchased 2,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were bought at an average price of $13.60 per share, for a total transaction of $27,200.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.
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California Resources Corporation 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).
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