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HomeMarketResultsCalifornia Resources Co. (NYSE:CRC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

California Resources Co. (NYSE:CRC) Given Consensus Recommendation of “Moderate Buy” by Brokerages


California Assets Co. (NYSE:CRCGet Rating) has obtained a mean advice of “Average Purchase” from the seven rankings corporations which are presently masking the corporate, MarketBeat studies. Two funding analysts have rated the inventory with a maintain score and 4 have issued a purchase score on the corporate. The common 12 month worth goal amongst analysts which have issued a report on the inventory within the final 12 months is $56.00.

A variety of analysis corporations have just lately weighed in on CRC. StockNews.com downgraded California Assets from a “purchase” score to a “maintain” score in a analysis report on Wednesday, October nineteenth. Stifel Nicolaus began protection on California Assets in a report on Wednesday, October nineteenth. They issued a “purchase” score and a $63.00 worth goal for the corporate. Lastly, Financial institution of America upgraded California Assets from an “underperform” score to a “impartial” score and upped their worth goal for the corporate from $49.00 to $58.00 in a report on Tuesday, November fifteenth.

California Assets Buying and selling Up 4.1 %

CRC stock opened at $43.50 on Friday. The corporate has a market cap of $3.20 billion, a P/E ratio of three.01 and a beta of 1.20. California Assets has a twelve month low of $35.95 and a twelve month excessive of $51.46. The corporate has a fast ratio of 0.89, a present ratio of 0.95 and a debt-to-equity ratio of 0.32. The enterprise has a fifty day transferring common of $44.31 and a 200-day transferring common of $43.45.

California Assets Will increase Dividend

The agency additionally just lately declared a quarterly dividend, which was paid on Friday, December sixteenth. Shareholders of document on Thursday, December 1st had been issued a $0.282 dividend. This is a rise from California Assets’s earlier quarterly dividend of $0.17. This represents a $1.13 annualized dividend and a dividend yield of two.59%. The ex-dividend date of this dividend was Wednesday, November thirtieth. California Assets’s dividend payout ratio is 7.81%.

Institutional Traders Weigh In On California Assets

Giant buyers have just lately modified their holdings of the enterprise. Assetmark Inc. elevated its holdings in shares of California Assets by 194.5% within the second quarter. Assetmark Inc. now owns 692 shares of the oil and fuel producer’s inventory value $27,000 after buying a further 457 shares within the final quarter. First Manhattan Co. purchased a brand new stake in shares of California Assets within the third quarter value about $38,000. Lazard Asset Administration LLC purchased a brand new stake in shares of California Assets within the third quarter value about $45,000. Captrust Monetary Advisors boosted its place in shares of California Assets by 69.1% through the second quarter. Captrust Monetary Advisors now owns 1,454 shares of the oil and fuel producer’s inventory value $56,000 after shopping for a further 594 shares through the interval. Lastly, Meeder Asset Administration Inc. boosted its place in shares of California Assets by 722.8% through the second quarter. Meeder Asset Administration Inc. now owns 1,802 shares of the oil and fuel producer’s inventory value $69,000 after shopping for a further 1,583 shares through the interval.

About California Assets

(Get Rating)

California Assets Company operates as an unbiased oil and pure fuel firm. The corporate explores for, produces, gathers, processes, and markets crude oil, pure fuel, and pure fuel liquids for entrepreneurs, California refineries, and different purchasers which have entry to transportation and storage amenities.

See Additionally

Analyst Recommendations for California Resources (NYSE:CRC)

This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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