California Resources Corp (CRC) EPS Estimated At $-1.53

July 28, 2017 - By Nellie Frank

 California Resources Corp (CRC) EPS Estimated At $ 1.53
Investors sentiment decreased to 0 in Q4 2016. Its down 0.12, from 0.12 in 2016Q3. It turned negative, as 1 investors sold California Resources Corp shares while 3 reduced holdings. 0 funds opened positions while 0 raised stakes. 197,290 shares or 0.10% less from 197,493 shares in 2016Q3 were reported.
Vantage Invest Advsr Ltd Llc holds 22 shares. America First Inv Advisors Limited Liability Corporation reported 0% stake. Lenox Wealth Inc reported 0% stake. Burt Wealth Advisors has 0% invested in California Resources Corp (NYSE:CRC). Gemmer Asset Management Limited Liability Corp has invested 0% in California Resources Corp (NYSE:CRC). Mercer Advisers Inc reported 102 shares or 0% of all its holdings. Adams Asset Advisors Limited Liability Company holds 196,986 shares or 0.55% of its portfolio. American Research And Management holds 11 shares. Cypress Capital Ltd Llc (Wy) has invested 0% in California Resources Corp (NYSE:CRC). West Oak Cap Lc has 106 shares. The California-based Messner And Smith Theme Value Inv Mngmt Limited Ca has invested 0% in California Resources Corp (NYSE:CRC).

Wall Street await California Resources Corp (NYSE:CRC) to release earnings on August, 3 after the close. Analysts forecast earnings per share of $-1.53, up exactly $0.27 or 15.00 % from 2014’s $-1.8 EPS. After posting $-1.02 EPS for the previous quarter, California Resources Corp’s analysts now forecast 50.00 % negative EPS growth. The stock increased 0.24% or $0.02 during the last trading session, reaching $8.47. About 974,589 shares traded. California Resources Corp (NYSE:CRC) has declined 15.53% since July 28, 2016 and is downtrending. It has underperformed by 32.23% the S&P500.

California Resources Corp (NYSE:CRC) Ratings Coverage

Among 6 analysts covering California Resources Corporation (NYSE:CRC), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. California Resources Corporation had 12 analyst reports since August 24, 2015 according to SRatingsIntel. Bank of America downgraded California Resources Corp (NYSE:CRC) on Friday, June 30 to “Underperform” rating. On Tuesday, February 23 the stock rating was downgraded by Bank of America to “Neutral”. As per Wednesday, March 2, the company rating was downgraded by Societe Generale. The rating was maintained by Susquehanna with “Neutral” on Tuesday, January 26. The stock of California Resources Corp (NYSE:CRC) has “Accumulate” rating given on Friday, September 25 by Johnson Rice. As per Friday, October 30, the company rating was initiated by Susquehanna. The stock of California Resources Corp (NYSE:CRC) has “Equal-Weight” rating given on Tuesday, November 22 by Morgan Stanley. As per Monday, November 23, the company rating was initiated by Ladenburg Thalmann.

California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The company has market cap of $360.76 million. The Firm produced approximately 140 thousand barrels of oil equivalent per day , as of December 31, 2016. It has a 0.96 P/E ratio. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).

More news for California Resources Corp (NYSE:CRC) were recently published by: Businesswire.com, which released: “California Resources Corporation Announces Its Second Quarter 2017 Earnings …” on July 05, 2017. Zacks.com‘s article titled: “Should You Get Rid of California Resources Corporation (CRC) Now? July 14, 2017” and published on July 14, 2017 is yet another important article.

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