Is California Resources Corporation (CRC) Share’s Price Now at Risk?

POLADIAN AVEDICK BARUYR, Director, added 10,000 shares of California Resources Corporation (CRC) to its portfolio at the rate of $9.03 per share valuing $90,260 on Aug 15. The insider has now 48,439 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of California Resources Corporation (CRC) was $10.23. Currently, the 1st Resistance Point for this stock is $10.49, with a 2nd Resistance Point sitting at $10.76. Meanwhile, this company’s stock has a 1st Support Level at $9.80 and a 2nd Support Level at $9.38. California Resources Corporation (CRC) stock has gained $0.51, or 5.25%, in the past five days. In the last full month, these shares have lost -$3.79, or -27.03%. In the past three months, this stock’s price has fallen by -$6.97, or -40.52%. This year-to-date, California Resources Corporation (CRC) shares have lost -$6.81, or -39.96%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For California Resources Corporation (CRC) stock, 50% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Sell .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Sell .”

With 49,004 K shares outstanding, this company currently has a market capitalization of $467,008K. California Resources Corporation (CRC) generates $3,064 M in annual sales, amounting to annual net income of $328,000 K. This stock has generated a 1-Year Total Return of -72.06%, a 3-Year Total Return of -1.82%, and a 5-year Total Return of 0.00%. This stock’s 5-Year Dividend Growth is 0.00%, with its most recent dividend valued at $0.010 per share on 09/08/15. Its Annual Dividend Yield is 0.00%, and its Annual Dividend Rate is 0.00.

In the most recently-reported fiscal quarter, which ended in Mar-19, California Resources Corporation (CRC) reported earnings of $0.63 per share. Wall Street analysts, on average, were expecting the company to report earnings of -$0.43 per share, representing a 1.06 difference and -247.09% surprise. In the previous quarter ending in Dec-18, the reported earnings of $0.53 represented a 0.55 difference from the consensus estimate calling for -$0.02 per share, which was a -2,576.64% surprise.

Turning our focus now to insider trading activity, there have been 9 purchases (25,223 shares in total) and 2 sale (20,000 shares in total) in the last 3 months. In the last 6 months, there have been 22 insider buys amounting to 132,852 shares and 20 insider sales amounting to 104,152 shares. In the past full year, 35 insider purchases were made (involving 242,438 shares) and 46 insider sell-offs equivalent to 204,189 shares.

Moving onto liquidity, California Resources Corporation (CRC) has a Current Ratio of 1.05, a Quick Ratio of 0.94 and a Cash Ratio of 0.03. Looking at this company’s capital structure, its Total Debt to Total Capital is 107.38, and its Total Debt to Total Assets is now 73.36. Looking even further ahead into the future, its Long-Term Debt to Total Capital is 107.38.