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California Resources Corporation (CRC)

Energy | Oil & Gas E&P | Long Beach, United States | NYSE
53.00 USD -0.34 (-0.637%) ⇩ (July 14, 2026, 9:49 a.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take | July 11, 2026, 3:20 a.m. EDT

California Resources presents a classic 'value trap' scenario where the market has priced out the business despite a technically attractive yield. While the dividend yield of 3.08% looks generous, the company is currently burning cash with negative operating margins and a trailing EPS of -$5.13. The payout ratio of 37.8% masks the reality that the absolute dollar amount paid is shrinking as earnings deteriorate; the dividend is being funded by cash flow rather than profits, which is unsustainable if commodity prices remain soft. The stock is trading at a forward P/E of 11.6x, implying analysts expect a massive turnaround, but the balance sheet shows significant leverage with a debt-to-equity ratio of 47%. The recent price action confirms this pessimism, with the stock down nearly 10% year-over-year and failing to reclaim key moving averages. For investors, the thesis here is a gamble on a commodity super-cycle; until the company demonstrates sustained profitability and a path to deleveraging, the risk of capital destruction outweighs the income appeal.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_115 ✓0.068597
MSTL0.085716
AutoARIMA0.087895
AutoETS0.087897
AutoTheta0.091506
MSTL_79_1150.109907
MSTL_790.123511

Forecast horizon: 60 days | Selected: MSTL_115

Forecast Reliability
Score 41%
H-stat 7.41
Ljung-Box p 0.000
Jarque-Bera p 0.301
Excess Kurtosis -0.75
Attribute Value
Sector Energy
Ex Dividend Date 2026-05-28
Last Dividend Date 2026-05-28
Debt to Equity Ratio 47.224
Revenue per Share 40.035
Market Cap 4,706,129,920
Forward P/E 12.68
Beta 0.92
Profit Margins -13.37%
Website https://www.crc.com

As of July 11, 2026, 3:20 a.m. EDT: Speculators are positioning for a range-bound recovery rather than a breakout. Call Open Interest is heavily concentrated at strikes significantly above the current price (60, 65, 85), suggesting a bullish bias if oil prices stabilize, while Put Open Interest clusters lower (30, 40, 45) act as a floor. The lack of deep ITM call volume indicates skepticism about an immediate surge to parabolic levels, while the elevated IV on deep OTM strikes reflects uncertainty about volatility regimes.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.68% 2.98% 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 3.04
exDividendDate 2026-05-29
trailingAnnualDividendRate 1.585
trailingAnnualDividendYield 0.029715037
lastDividendValue 0.405
lastDividendDate 2026-05-29
dividendDate 2026-06-18

Info Dump

Attribute Value
52 Week Change 0.1334467
Address1 1 World Trade Center
Address2 Suite 1500
All Time High 71.98
All Time Low 10.99
Ask 54.04
Ask Size 100
Audit Risk 5
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 754,350
Average Daily Volume3 Month 815,896
Average Volume 815,896
Average Volume10Days 754,350
Beta 0.919
Bid 53.43
Bid Size 100
Board Risk 1
Book Value 32.862
City Long Beach
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 6
Country United States
Crypto Tradeable 0
Currency USD
Current Price 53.0
Current Ratio 0.547
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 53.98
Day Low 52.915
Debt To Equity 47.224
Display Name California Resources
Dividend Date 1,781,740,800
Dividend Rate 1.62
Dividend Yield 3.04
Earnings Call Timestamp End 1,786,392,000
Earnings Call Timestamp Start 1,786,392,000
Earnings Timestamp 1,786,365,000
Earnings Timestamp End 1,786,365,000
Earnings Timestamp Start 1,786,365,000
Ebitda 357,000,000
Ebitda Margins 0.10306
Enterprise To Ebitda 17.015
Enterprise To Revenue 1.754
Enterprise Value 6,074,319,872
Eps Current Year 5.57033
Eps Forward 4.17822
Eps Trailing Twelve Months -5.13
Esg Populated 0
Ex Dividend Date 1,780,012,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 58.403
Fifty Day Average Change -5.403
Fifty Day Average Change Percent -0.09251237
Fifty Two Week Change Percent 13.344669
Fifty Two Week High 71.98
Fifty Two Week High Change -18.980003
Fifty Two Week High Change Percent -0.2636844
Fifty Two Week Low 43.245
Fifty Two Week Low Change 9.755001
Fifty Two Week Low Change Percent 0.22557524
Fifty Two Week Range 43.245 - 71.98
Financial Currency USD
First Trade Date Milliseconds 1,603,891,800,000
Float Shares 83,519,596
Forward Eps 4.17822
Forward P E 12.684828
Free Cashflow 438,000,000
Full Exchange Name NYSE
Full Time Employees 2,500
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.54561
Gross Profits 1,890,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.04977
Held Percent Institutions 1.07429
Implied Shares Outstanding 88,794,901
Industry Oil & Gas E&P
Industry Disp Oil & Gas E&P
Industry Key oil-gas-e-p
Is Earnings Date Estimate 0
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 4,706,129,920
Market State REGULAR
Max Age 86,400
Message Board Id finmb_263774786
Most Recent Quarter 1,774,915,200
Net Income To Common -463,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 4,736,320,019
Number Of Analyst Opinions 11
Open 53.78
Operating Cashflow 778,000,000
Operating Margins -0.70838
Overall Risk 3
Payout Ratio 0.3777
Peg Ratio 0.25
Phone 888 848 4754
Previous Close 53.34
Price Eps Current Year 9.514696
Price Hint 2
Price To Book 1.6128051
Price To Sales Trailing12 Months 1.3585825
Profit Margins -0.13366
Quick Ratio 0.427
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.27273
Region US
Regular Market Change -0.34000015
Regular Market Change Percent -0.6374206
Regular Market Day High 53.98
Regular Market Day Low 52.915
Regular Market Day Range 52.915 - 53.98
Regular Market Open 53.78
Regular Market Previous Close 53.34
Regular Market Price 53.0
Regular Market Time 1,784,036,955
Regular Market Volume 27,561
Return On Assets -0.01395
Return On Equity -0.14392
Revenue Growth 0.067
Revenue Per Share 40.035
Sand P52 Week Change 0.20365608
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 4
Shares Outstanding 88,794,901
Shares Percent Shares Out 0.040900003
Shares Short 3,630,321
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 3,074,433
Short Name California Resources Corporatio
Short Percent Of Float 0.0626
Short Ratio 4.19
Source Interval 15
State CA
Symbol CRC
Target High Price 91.0
Target Low Price 70.0
Target Mean Price 79.36364
Target Median Price 78.0
Total Cash 40,000,000
Total Cash Per Share 0.45
Total Debt 1,378,000,000
Total Revenue 3,464,000,000
Tradeable 0
Trailing Annual Dividend Rate 1.585
Trailing Annual Dividend Yield 0.029715037
Trailing Eps -5.13
Trailing Peg Ratio 0.2471
Triggerable 1
Two Hundred Day Average 54.9844
Two Hundred Day Average Change -1.9844017
Two Hundred Day Average Change Percent -0.036090266
Type Disp Equity
Volume 27,561
Website https://www.crc.com
Zip 90,831