California Resources Corporation (CRC) : During the past 4 weeks, traders have been relatively bearish on California Resources Corporation (CRC), hence the stock is down -25.52% 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 -8.58% relative to the S&P 500. The 4-week change in the price of the stock is -23.66% and the stock has fallen -8.19% in the past 1 week.
California Resources Corporation (NYSE:CRC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.33 and $8.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.42, notching a gain of 2.17% for the day. The total traded volume was 3,678,472 . The stock had closed at $9.22 on the previous day.
The stock has recorded a 20-day Moving Average of 20.07% and the 50-Day Moving Average is 29.57%. California Resources Corporation has dropped 45.55% during the last 3-month period . Year-to-Date the stock performance stands at -59.57%.
California Resources Corporation (CRC) : 3 Wall Street analysts covering California Resources Corporation (CRC) believe that the average level the stock could reach for the short term is $21.33. The maximum price target given is $25 and the minimum target for short term is around $19, hence the standard deviation is calculated at $3.21.
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.