California Resources Corporation (CRC) Shares are Down -20.33%

California Resources Corporation (CRC) : During the past 4 weeks, traders have been relatively bearish on California Resources Corporation (CRC), hence the stock is down -0.08% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -19.8% relative to the S&P 500. The 4-week change in the price of the stock is -0.29% and the stock has fallen -20.33% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 9.7% and the fifty day Moving Average is 16.02%. California Resources Corporation has dropped 33.57% during the last three month period . Year-to-Date the stock performance stands at -56.09%.

California Resources Corporation (CRC) : The most positive equity analysts on California Resources Corporation (CRC) expects the shares to touch $25, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $21.33 with an expected fluctuation of $3.21 from the mean.


California Resources Corporation (NYSE:CRC): On Fridays trading session , Opening price of the stock was $10.64 with an intraday high of $10.779. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.1. However, the stock managed to close at $10.23, a loss of 0.68% for the day. On the previous day, the stock had closed at $10.3. The total traded volume of the day was 2,253,710 shares.

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, operating properties exclusively within the State of California. The Company has a mineral acreage consisting of approximately 2.4 million net acres spanning the states four oil and gas basins. The Companys four oil and gas basins include San Joaquin Basin, Los Angeles Basin, Ventura Basin and Sacramento Basin. It operates an average of approximately 26 drilling rigs across the state. It drilled approximately 1,048 development wells with approximately 847 wells in the San Joaquin basin, approximately 177 in the Los Angeles basin, approximately 21 in the Ventura basin and approximately 3 in the Sacramento basin. It also drilled approximately 9 exploration wells in the San Joaquin basin, approximately 4 in the Ventura basin and 1 in the Sacramento basin.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *