California Resources Corporation (CRC) to Release Quarterly Earnings on Monday

California Resources Corporation (NYSE:CRC) is scheduled to be announcing its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of ($1.59) per share for the quarter.

California Resources Corporation (NYSE:CRC) last posted its earnings results on Thursday, August 3rd. The oil and gas producer reported ($1.83) EPS for the quarter, missing analysts’ consensus estimates of ($1.63) by ($0.20). The firm had revenue of $516.00 million for the quarter, compared to analysts’ expectations of $450.17 million. The company’s revenue was up 62.8% on a year-over-year basis. During the same period in the prior year, the business earned ($1.80) earnings per share. On average, analysts expect California Resources Corporation to post $-5 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

California Resources Corporation (CRC) opened at $12.04 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.54 and a debt-to-equity ratio of -10.32. California Resources Corporation has a fifty-two week low of $6.47 and a fifty-two week high of $23.42.

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A number of research analysts have recently commented on CRC shares. Zacks Investment Research raised shares of California Resources Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine cut shares of California Resources Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, October 6th. Morgan Stanley reissued an “equal weight” rating on shares of California Resources Corporation in a report on Saturday, September 16th. Imperial Capital started coverage on shares of California Resources Corporation in a report on Tuesday, October 3rd. They issued an “in-line” rating and a $12.00 target price for the company. Finally, BidaskClub cut shares of California Resources Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

About California Resources Corporation

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).

Earnings History for California Resources Corporation (NYSE:CRC)

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