Is California Resources Stock a Good Investment?
California Resources Investment Advice | CRC |
- Examine California Resources' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research California Resources' leadership team and their track record. Good management can help California Resources navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Exploration & Production space and any emerging trends that could impact California Resources' business and its evolving consumer preferences.
- Compare California Resources' performance and market position to its competitors. Analyze how California Resources is positioned in terms of product offerings, innovation, and market share.
- Check if California Resources pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about California Resources' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in California Resources Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if California Resources Corp is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine California Resources Stock
Researching California Resources' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 94.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.55. Some equities with similar Price to Book (P/B) outperform the market in the long run. California Resources Corp has Price/Earnings To Growth (PEG) ratio of 2.2. The entity recorded earning per share (EPS) of 7.02. The firm last dividend was issued on the 2nd of December 2024. California Resources had 1:10 split on the 1st of June 2016.
To determine if California Resources is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding California Resources' research are outlined below:
| California Resources Corp has 610 M in debt with debt to equity (D/E) ratio of 0.42, which is OK given its current industry classification. California Resources Corp has a current ratio of 0.69, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for California to invest in growth at high rates of return. | |
| Over 94.0% of California Resources shares are held by institutions such as insurance companies | |
| Latest headline from seekingalpha.com: California Resources declares 0.3875 dividend |
California Resources Quarterly Cash And Short Term Investments |
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California Resources uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in California Resources Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to California Resources' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 6th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 27th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact California Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises California Resources' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-08-02 | 2018-06-30 | -0.36 | -0.29 | 0.07 | 19 | ||
2021-08-05 | 2021-06-30 | 0.83 | 0.94 | 0.11 | 13 | ||
2024-05-07 | 2024-03-31 | 0.63 | 0.75 | 0.12 | 19 | ||
2022-05-05 | 2022-03-31 | 1.26 | 1.13 | -0.13 | 10 | ||
2024-11-05 | 2024-09-30 | 1.34 | 1.5 | 0.16 | 11 | ||
2024-08-06 | 2024-06-30 | 0.78 | 0.6 | -0.18 | 23 | ||
2023-07-31 | 2023-06-30 | 0.71 | 0.53 | -0.18 | 25 | ||
2016-11-03 | 2016-09-30 | -1.55 | -1.75 | -0.2 | 12 |
Know California Resources' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as California Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading California Resources Corp backward and forwards among themselves. California Resources' institutional investor refers to the entity that pools money to purchase California Resources' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | American Century Companies Inc | 2024-09-30 | 2 M | Geode Capital Management, Llc | 2024-09-30 | 1.6 M | Orbis Allan Gray Ltd | 2024-09-30 | 1.1 M | Victory Capital Management Inc. | 2024-09-30 | 1.1 M | Sourcerock Group Llc | 2024-09-30 | 1 M | Charles Schwab Investment Management Inc | 2024-09-30 | 974.2 K | Grantham, Mayo, Van Otterloo & Co., Llc | 2024-09-30 | 937.3 K | Citadel Advisors Llc | 2024-09-30 | 934.1 K | Northern Trust Corp | 2024-09-30 | 805.8 K | Canada Pension Plan Investment Board | 2024-09-30 | 10.5 M | Blackrock Inc | 2024-06-30 | 10.1 M |
California Resources' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 5.43 B.Market Cap |
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California Resources' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.14 | 0.07 | |
| Return On Capital Employed | 0.24 | 0.25 | |
| Return On Assets | 0.14 | 0.07 | |
| Return On Equity | 0.25 | 0.36 |
Determining California Resources' profitability involves analyzing its financial statements and using various financial metrics to determine if California Resources is a good buy. For example, gross profit margin measures California Resources' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of California Resources' profitability and make more informed investment decisions.
Please note, the presentation of California Resources' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, California Resources' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of California Resources' management manipulating its earnings.
Evaluate California Resources' management efficiency
California Resources Corp has Return on Asset of 0.0414 % which means that on every $100 spent on assets, it made $0.0414 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1913 %, implying that it generated $0.1913 on every 100 dollars invested. California Resources' management efficiency ratios could be used to measure how well California Resources manages its routine affairs as well as how well it operates its assets and liabilities. At present, California Resources' Return On Equity is projected to increase slightly based on the last few years of reporting. At present, California Resources' Non Current Assets Total are projected to decrease significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 70.1 M, whereas Other Current Assets are forecasted to decline to about 59.2 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 31.88 | 48.39 | |
| Tangible Book Value Per Share | 31.88 | 48.39 | |
| Enterprise Value Over EBITDA | 3.65 | 2.03 | |
| Price Book Value Ratio | 1.72 | 1.80 | |
| Enterprise Value Multiple | 3.65 | 2.03 | |
| Price Fair Value | 1.72 | 1.80 | |
| Enterprise Value | 3 B | 2.8 B |
The strategic initiatives led by California Resources' management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield 0.0262 | Forward Dividend Yield 0.0262 | Forward Dividend Rate 1.55 | Beta 1.425 |
Basic technical analysis of California Stock
As of the 2nd of December, California Resources shows the Mean Deviation of 1.63, risk adjusted performance of 0.0863, and Downside Deviation of 2.23. California Resources Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.California Resources' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific California Resources insiders, such as employees or executives, is commonly permitted as long as it does not rely on California Resources' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases California Resources insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
California Resources' Outstanding Corporate Bonds
California Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. California Resources Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most California bonds can be classified according to their maturity, which is the date when California Resources Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| US13057QAH02 Corp BondUS13057QAH02 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand California Resources' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing California Resources' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0863 | |||
| Market Risk Adjusted Performance | 0.1749 | |||
| Mean Deviation | 1.63 | |||
| Semi Deviation | 2.06 | |||
| Downside Deviation | 2.23 | |||
| Coefficient Of Variation | 957.9 | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.66 | |||
| Information Ratio | 0.0406 | |||
| Jensen Alpha | 0.0487 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0394 | |||
| Treynor Ratio | 0.1649 | |||
| Maximum Drawdown | 9.2 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.57 | |||
| Downside Variance | 4.95 | |||
| Semi Variance | 4.23 | |||
| Expected Short fall | (1.68) | |||
| Skewness | (0.04) | |||
| Kurtosis | 0.6997 |
| Risk Adjusted Performance | 0.0863 | |||
| Market Risk Adjusted Performance | 0.1749 | |||
| Mean Deviation | 1.63 | |||
| Semi Deviation | 2.06 | |||
| Downside Deviation | 2.23 | |||
| Coefficient Of Variation | 957.9 | |||
| Standard Deviation | 2.16 | |||
| Variance | 4.66 | |||
| Information Ratio | 0.0406 | |||
| Jensen Alpha | 0.0487 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0394 | |||
| Treynor Ratio | 0.1649 | |||
| Maximum Drawdown | 9.2 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.57 | |||
| Downside Variance | 4.95 | |||
| Semi Variance | 4.23 | |||
| Expected Short fall | (1.68) | |||
| Skewness | (0.04) | |||
| Kurtosis | 0.6997 |
Consider California Resources' intraday indicators
California Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of California Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
California Resources Corporate Filings
8K | 25th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 7th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 20th of September 2024 Other Reports | ViewVerify |
California Stock media impact
Far too much social signal, news, headlines, and media speculation about California Resources that are available to investors today. That information is available publicly through California media outlets and privately through word of mouth or via California internal channels. However, regardless of the origin, that massive amount of California data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of California Resources news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of California Resources relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to California Resources' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive California Resources alpha.
California Resources Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards California Resources can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
California Resources Corp Historical Investor Sentiment
Investor biases related to California Resources' public news can be used to forecast risks associated with an investment in California. The trend in average sentiment can be used to explain how an investor holding California can time the market purely based on public headlines and social activities around California Resources Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
California Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for California Resources and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average California Resources news discussions. The higher the estimate score, the more favorable the investor's outlook on California Resources.
California Resources Corporate Directors
| Avedick Poladian | Independent Director | Profile | |
| Harold Korell | Lead Independent Director | Profile | |
| Justin Gannon | Independent Director | Profile | |
| Julio Quintana | Independent Director | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of California Resources. If investors know California will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about California Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Dividend Share 1.318 | Earnings Share 7.02 | Revenue Per Share 35.122 | Quarterly Revenue Growth 0.502 |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because California Resources' market value can be influenced by many factors that don't directly affect California Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between California Resources' value and its price, as these two are different measures arrived at by various means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.