Imperial Capital upgraded California Resources Corporation (NYSE:CRC) on Monday, February 12 to "Buy" rating. Using market capitalization to show the size of a company is important because company size is a basic determinant of various characteristics in which investors are interested, including risk. The stock price went overhead 49.40% from its 200-day simple moving average identifying long-term positive trend.
Other research analysts have also issued reports about the company. ValuEngine cut shares of Halcon Resources from a "hold" rating to a "sell" rating in a report on Friday, December 1st.
Currently California Resources Corporatio (NYSE:CRC)'s shares owned by insiders are 1.6%, whereas shares owned by institutional owners are 71.8%.
A total of 6 analysts rate California Resources (NYSE:CRC) as follows: 3 "Buy", 3 "Hold" and 0 "Sell". Halcon Resources (NYSE:HK)'s price to free cash flow for trailing twelve months is 13.54. On Wednesday, November 8 Imperial Capital maintained the shares of CRC in report with "In-Line" rating. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Forward P/E is a measure of the price-to-earnings ratio using forecasted earnings for the P/E calculation for the next fiscal year.
Analysts are expecting average earnings estimates of $-0.83 for the current quarter based on the opinion of 6 analysts, relating to high earnings per share estimates of $-0.6 and low estimates of $-1.09, however California Resources Corporatio (NYSE:CRC) reported $-1.02 earnings per share for the same quarter previous year. The company exchanged hands with 2169990 shares contrast to its average daily volume of 2.45M shares. The NYSE-listed company saw a recent bid of $9.30 on volume of 3,691,885 shares. The Company's beta coefficient sits at 0.22.
The current ratio of 1.4 is mainly used to give an idea of a company's ability to pay back its liabilities (debt and accounts payable) with its assets (cash, marketable securities, inventory, accounts receivable).
Halcon Resources (NYSE:HK) last issued its quarterly earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.05) by ($0.07). Halcon Resources had a negative return on equity of 2.12% and a net margin of 141.73%.
Gabriel Smith joined the mosttradedstocks.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. This year's earnings per share analyst estimate is anticipated to be $-0.83.
California Resources Corporation (CRC) was also brought into the spotlight with a $0.65 rise.
In related news, Director Darryl Schall acquired 7,000 shares of the business's stock in a transaction on Monday, March 5th. The firm has 26.55% of total shares float short, yielding a short ratio of 6.14. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. The share price volatility of the stock remained at 3.24% for the month and by reducing the timeframe to just a week, the volatility stood at 4.42%. Nationwide Fund Advisors now owns 195,732 shares of the energy company's stock valued at $1,331,000 after buying an additional 160,492 shares during the period. The disclosure for this sale can be found here.
The Stock had a 1.57 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.29 and 1.5 respectively. Alps Advisors Inc. bought a new stake in shares of California Resources in the fourth quarter valued at approximately $248,000.
The stock returned 174.34% in this year through last updated price. Renaissance Technologies LLC lifted its holdings in Halcon Resources by 244.2% during the 4th quarter.
The stock has Return on Assets (ROA) of 25.3 percent. Bank of New York Mellon Corp grew its stake in shares of Halcon Resources by 184.5% during the third quarter. CRC outperformed by 14.83% the S&P 500.