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California Resources Corporation (CRC)

Energy | Oil & Gas E&P | Long Beach, United States | NYSE
52.23 USD -0.71 (-1.341%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 52.23

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take | Aug. 22, 2026, 1:18 a.m. EDT

The investment case for California Resources is currently defined by a stark disconnect between its operational recovery and its market valuation. Fundamentally, the company is turning the corner: revenue is surging (+33%), operating cash flow is robust ($876M), and profitability is returning with a 198% quarterly earnings jump. The balance sheet remains manageable with a healthy payout ratio, supporting a reliable dividend that has grown steadily over the last few years. However, the market has been slow to fully appreciate this turnaround. The price trajectory shows a frustrating pattern of rising for two years followed by two consecutive years of decline, leaving the stock trading near its 52-week lows despite the improving fundamentals. This multi-year drag has capped the long-term rating, as the market is still digesting past pain. Short-term, the outlook is neutral-to-slightly-bearish. While the analyst consensus is a strong buy with a target significantly above the current price, the statistical forecasting models offer no directional edge, and the options flow reveals a cautious crowd hedging against downside rather than aggressively buying rallies. The stock is essentially waiting for the next catalyst to bridge the gap between its intrinsic value and its depressed market price.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.095942
MSTL0.096510
AutoETS0.096714
AutoTheta0.100922

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 41%
H-stat 8.57
Ljung-Box p 0.000
Jarque-Bera p 0.058
Excess Kurtosis -0.24
Attribute Value
Sector Energy
Ex Dividend Date 2026-09-03
Last Dividend Date 2026-05-28
Debt to Equity Ratio 39.594
Revenue per Share 43.204
Market Cap 4,639,063,040
Forward P/E 12.78
Beta 0.90
Profit Margins -3.24%
Website https://www.crc.com

As of Aug. 22, 2026, 1:18 a.m. EDT: Speculators are positioning for a range-bound scenario with a distinct lack of directional conviction. Call volume is heavily skewed toward out-of-the-money strikes (60-85), suggesting speculative hopes for a rally, yet put volume is concentrated deep in-the-money (30-45), indicating a floor is being established. The massive open interest in deep puts relative to call volume at those strikes suggests a 'crash protection' strategy rather than a bearish bet. Conversely, the heavy call open interest at higher strikes acts as a hedge against a sharp spike. Overall, the options market is pricing in volatility but betting on the stock staying within a wide band rather than making a decisive move.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.68% 2.20% 2.85%
Dividend History
Date Dividend Yield %
2026-05-29 0.405 0.683083
2026-03-13 0.405 0.658858
2025-12-01 0.405 0.856056
2025-08-27 0.388 0.778179
2025-05-30 0.388 0.878424
2025-03-10 0.388 0.934264
2024-12-02 0.388 0.676548
2024-08-30 0.388 0.739470
2024-05-31 0.310 0.654699
2024-03-05 0.310 0.581941
2023-11-30 0.310 0.605351
2023-08-31 0.283 0.506805
2023-05-31 0.283 0.753863
2023-03-03 0.283 0.643621
2022-11-30 0.283 0.623623
2022-08-31 0.170 0.340272
2022-05-31 0.170 0.389283
2022-03-04 0.170 0.394432
2021-11-30 0.170 0.435116
Additional Data
dividendRate 1.62
dividendYield 3.06
exDividendDate 2026-09-04
trailingAnnualDividendRate 1.603
trailingAnnualDividendYield 0.030279564
lastDividendValue 0.405
lastDividendDate 2026-05-29
dividendDate 2026-09-18

Info Dump

Attribute Value
52 Week Change 0.044391155
Address1 1 World Trade Center
Address2 Suite 1500
All Time High 71.98
All Time Low 10.99
Ask 52.31
Ask Size 100
Audit Risk 5
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 824,650
Average Daily Volume3 Month 813,273
Average Volume 813,273
Average Volume10Days 824,650
Beta 0.901
Bid 52.23
Bid Size 300
Board Risk 1
Book Value 38.302
City Long Beach
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 52.23
Current Ratio 0.661
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 53.395
Day Low 52.07
Debt To Equity 39.594
Display Name California Resources
Dividend Date 1,789,689,600
Dividend Rate 1.62
Dividend Yield 3.06
Earnings Call Timestamp End 1,786,381,200
Earnings Call Timestamp Start 1,786,381,200
Earnings Growth 2.0
Earnings Quarterly Growth 1.988
Earnings Timestamp 1,786,365,000
Earnings Timestamp End 1,793,709,000
Earnings Timestamp Start 1,793,709,000
Ebitda 600,000,000
Ebitda Margins 0.16063999
Enterprise To Ebitda 9.883
Enterprise To Revenue 1.588
Enterprise Value 5,930,062,848
Eps Current Year 3.5281
Eps Forward 4.08617
Eps Trailing Twelve Months -1.23
Esg Populated 0
Ex Dividend Date 1,788,480,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 52.6554
Fifty Day Average Change -0.42539978
Fifty Day Average Change Percent -0.008078939
Fifty Two Week Change Percent 4.4391155
Fifty Two Week High 71.98
Fifty Two Week High Change -19.750004
Fifty Two Week High Change Percent -0.27438182
Fifty Two Week Low 43.245
Fifty Two Week Low Change 8.985001
Fifty Two Week Low Change Percent 0.2077697
Fifty Two Week Range 43.245 - 71.98
Financial Currency USD
First Trade Date Milliseconds 1,603,891,800,000
Float Shares 83,222,463
Forward Eps 4.08617
Forward P E 12.78214
Free Cashflow 335,124,992
Full Exchange Name NYSE
Full Time Employees 2,500
Fullday Change -0.709999
Fullday Change Percent -1.34114
Fullday Price 52.23
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.5676
Gross Profits 2,120,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.049489997
Held Percent Institutions 1.05829
Implied Shares Outstanding 88,819,893
Industry Oil & Gas E&P
Industry Disp Oil & Gas E&P
Industry Key oil-gas-e-p
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,780,012,800
Last Dividend Value 0.405
Last Fiscal Year End 1,767,139,200
Long Business Summary California Resources Corporation operates as an independent energy and carbon management company in the United States. The company operates in two segments, Oil and Natural Gas, and Carbon Management. It explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. The company also provides Carbon TerraVault which builds, installs, operates, and maintains CO2 capture equipment, transportation assets, and storage facilities. In addition, it owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.
Long Name California Resources Corporation
Market us_market
Market Cap 4,639,063,040
Market State CLOSED
Max Age 86,400
Message Board Id finmb_263774786
Most Recent Quarter 1,782,777,600
Net Income To Common -121,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 4,702,125,135
Number Of Analyst Opinions 11
Open 53.02
Operating Cashflow 876,000,000
Operating Margins 0.46795
Overall Risk 3
Payout Ratio 0.3777
Peg Ratio 0.36
Phone 888 848 4754
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 52.23
Post Market Time 1,787,961,307
Previous Close 52.94
Price Eps Current Year 14.804002
Price Hint 2
Price To Book 1.3636364
Price To Sales Trailing12 Months 1.2420517
Profit Margins -0.0324
Quick Ratio 0.497
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.27273
Region US
Regular Market Change -0.709999
Regular Market Change Percent -1.34114
Regular Market Day High 53.395
Regular Market Day Low 52.07
Regular Market Day Range 52.07 - 53.395
Regular Market Open 53.02
Regular Market Previous Close 52.94
Regular Market Price 52.23
Regular Market Time 1,787,947,202
Regular Market Volume 409,437
Return On Assets 0.0076
Return On Equity -0.03554
Revenue Growth 0.33
Revenue Per Share 43.204
Sand P52 Week Change 0.20204377
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 4
Shares Outstanding 88,819,893
Shares Percent Shares Out 0.0385
Shares Short 3,422,252
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 3,830,773
Short Name California Resources Corporatio
Short Percent Of Float 0.059
Short Ratio 4.33
Source Interval 15
State CA
Symbol CRC
Target High Price 87.0
Target Low Price 58.0
Target Mean Price 76.72727
Target Median Price 78.0
Total Cash 56,000,000
Total Cash Per Share 0.63
Total Debt 1,347,000,064
Total Revenue 3,735,000,064
Tradeable 0
Trailing Annual Dividend Rate 1.603
Trailing Annual Dividend Yield 0.030279564
Trailing Eps -1.23
Trailing Peg Ratio 0.3722
Triggerable 1
Two Hundred Day Average 55.49825
Two Hundred Day Average Change -3.2682495
Two Hundred Day Average Change Percent -0.058889236
Type Disp Equity
Volume 409,437
Website https://www.crc.com
Zip 90,831