CRC Stock Recent News

California Resources Corporation (CRC) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.24 per share a year ago.

California Resources (CRC) and Aera Energy's merger will add large, conventional, low decline, oil-weighted, proved developed producing reserves to CRC's asset bases and sustainable cash flows.

LONG BEACH, Calif--(BUSINESS WIRE)-- #Californiaenergy--California Resources Corporation (NYSE: CRC) updated select guidance ranges for the fourth quarter of 2023 in conjunction with its participation in various investor conferences later this month. CRC's fourth quarter of 2023 free cash flow1 is expected to range between $40 to $60 million primarily due to higher margins earned from natural gas marketing activities and lower investments in carbon capture and storage (CCS) related subsurface land easements. This.

Canter Resources Corp. CRC CNRCF has cleared a significant hurdle in its quest for lithium as it announced the approval of formal water permits by the Nevada Division of Water Rights (NDWR).

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company's executives will be participating in the following event in December 2023: Morgan Stanley Energy & Clean Tech Symposium on December 6 in New York City, NY CRC's presentation materials will be available the day of the event on the Earnings and Presentations page in the Investor Relations sectio.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

California Resources Corporation (CRC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

California Resources Corporation. (NYSE:CRC ) Q3 2023 Earnings Conference Call November 2, 2023 12:00 PM ET Company Participants Joanna Park - Vice President of Investor Relations, Treasurer Francisco Leon - President & Chief Executive Officer Manuela Molina - Executive Vice President & Chief Financial Officer Chris Gould - Executive Vice President & Chief Sustainability Officer, & Managing Director, CTV Holdings Jay Bys - Executive Vice President and Chief Commercial Officer Omar Hayat - Executive Vice President, Operations Conference Call Participants Kalei Akamine - Bank of America Scott Hanold - RBC Capital Markets Leo Mariani - ROTH MKM Nathaniel Pendleton - Stifel Scott Gruber - Citi Noel Parks - Tuohy Brothers Investment Research Operator Good day, and welcome to the California Resources Corporation Third Quarter Earnings Conference Call.

Although the revenue and EPS for California Resources Corporation (CRC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

California Resources operates in an environment of limited new drilling due to regulatory and permitting challenges, forcing it to return money to shareholders and diversify its portfolio. CRC owns valuable land in California and has drilling expertise, which could potentially boost its value through royalty securitizations and deep geothermal energy projects. The company is managing its oil and gas assets for cash flow, and developing carbon capture initiatives and renewable-driven electrical generating programs to meet California's climate goals.