California Resources Corp. (NYSE:CRC) shot up 3.1% during mid-day trading on Monday . The company traded as high as $13.15 and last traded at $12.72, with a volume of 3,044,402 shares changing hands. The stock had previously closed at $12.34.

Separately, Zacks Investment Research lowered shares of California Resources Corp. from a “buy” rating to a “strong sell” rating in a research note on Tuesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. California Resources Corp. presently has an average rating of “Hold” and a consensus target price of $31.67.

The firm’s market cap is $499.68 million. The firm’s 50-day moving average price is $14.40 and its 200-day moving average price is $14.04.

California Resources Corp. (NYSE:CRC) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.05. The business had revenue of $322 million for the quarter, compared to the consensus estimate of $423.86 million. Analysts forecast that California Resources Corp. will post ($5.64) earnings per share for the current fiscal year.

Several large investors have bought and sold shares of CRC. Nationwide Fund Advisors increased its stake in California Resources Corp. by 1.4% in the fourth quarter. Nationwide Fund Advisors now owns 500,589 shares of the company’s stock worth $1,166,000 after buying an additional 6,813 shares during the period. California State Teachers Retirement System increased its stake in California Resources Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 601,277 shares of the company’s stock worth $1,401,000 after buying an additional 10,576 shares during the period. Rhumbline Advisers increased its stake in California Resources Corp. by 3.2% in the fourth quarter. Rhumbline Advisers now owns 481,558 shares of the company’s stock worth $1,122,000 after buying an additional 15,098 shares during the period. Morgan Stanley increased its stake in California Resources Corp. by 3.2% in the fourth quarter. Morgan Stanley now owns 1,189,303 shares of the company’s stock worth $2,771,000 after buying an additional 36,326 shares during the period. Finally, South Dakota Investment Council increased its stake in California Resources Corp. by 7.8% in the fourth quarter. South Dakota Investment Council now owns 950,000 shares of the company’s stock worth $2,214,000 after buying an additional 69,000 shares during the period.

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, operating properties exclusively within the State of California. The Company has a mineral acreage consisting of approximately 2.4 million net acres spanning the state’s four oil and gas basins.

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