Shares of California Resources Corp. (NYSE:CRC) rose 3.2% on Monday . The stock traded as high as $13.89 and last traded at $13.67, with a volume of 2,773,314 shares trading hands. The stock had previously closed at $13.25.

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

The company’s market cap is $531.20 million. The stock has a 50 day moving average price of $14.06 and a 200 day moving average price of $13.83.

California Resources Corp. (NYSE:CRC) last issued its earnings results on Thursday, May 5th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.05. The company earned $322 million during the quarter, compared to analyst estimates of $423.86 million. On average, equities research analysts anticipate that California Resources Corp. will post ($5.61) EPS for the current fiscal year.

Several institutional investors recently modified their holdings of CRC. South Dakota Investment Council boosted its position in shares of 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 last quarter. First Trust Advisors LP boosted its position in shares of California Resources Corp. by 105.4% in the fourth quarter. First Trust Advisors LP now owns 2,898,960 shares of the company’s stock worth $6,755,000 after buying an additional 1,487,387 shares during the last quarter. Marshall Wace LLP boosted its position in shares of California Resources Corp. by 76.8% in the fourth quarter. Marshall Wace LLP now owns 2,571,849 shares of the company’s stock worth $5,992,000 after buying an additional 1,116,822 shares during the last quarter. Rhumbline Advisers boosted its position in shares of 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 last quarter. Finally, California State Teachers Retirement System boosted its position in shares of 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 last quarter.

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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