California Resources (CRC) Receives News Sentiment Rating of 0.10

News articles about California Resources (NYSE:CRC) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. California Resources earned a news impact score of 0.10 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 45.4062770622496 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

California Resources (NYSE CRC) opened at $17.08 on Friday. California Resources has a 1 year low of $6.47 and a 1 year high of $23.42. The company has a debt-to-equity ratio of -8.78, a quick ratio of 0.53 and a current ratio of 0.61. The company has a market cap of $736.47, a P/E ratio of -3.52 and a beta of 6.52.

California Resources (NYSE:CRC) last posted its earnings results on Monday, November 6th. The oil and gas producer reported ($1.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.61) by $0.39. The firm had revenue of $455.00 million for the quarter, compared to the consensus estimate of $476.87 million. During the same period in the prior year, the business earned ($1.75) EPS. California Resources’s quarterly revenue was down .2% compared to the same quarter last year. sell-side analysts forecast that California Resources will post -4.67 earnings per share for the current year.

CRC has been the topic of several recent research reports. Morgan Stanley raised their price target on shares of California Resources from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of California Resources from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, October 18th. Imperial Capital initiated coverage on shares of California Resources in a research report on Tuesday, October 3rd. They issued an “in-line” rating and a $12.00 price target on the stock. ValuEngine cut shares of California Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, October 6th. Finally, Societe Generale raised shares of California Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. California Resources currently has an average rating of “Hold” and a consensus price target of $14.25.

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California Resources Company Profile

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).

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