California Resources Corp. (NYSE:CRC) fell 5.7% on Monday . The company traded as low as $9.62 and last traded at $9.68, with a volume of 1,061,406 shares traded. The stock had previously closed at $10.26.

Separately, Zacks Investment Research upgraded shares of California Resources Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. California Resources Corp. currently has a consensus rating of “Hold” and a consensus target price of $31.67.

The company’s 50 day moving average is $12.54 and its 200-day moving average is $13.43. The firm’s market cap is $368.73 million.

California Resources Corp. (NYSE:CRC) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.05. The company earned $322 million during the quarter, compared to analysts’ expectations of $423.86 million. On average, analysts anticipate that California Resources Corp. will post ($5.93) EPS for the current year.

Other hedge funds and institutional investors recently made changes to their positions in the company. Matarin Capital Management LLC bought a new position in shares of California Resources Corp. during the fourth quarter worth about $2,968,000. Marshall Wace LLP boosted its position in 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 in the last quarter. California Public Employees Retirement System boosted its position in California Resources Corp. by 21.8% in the fourth quarter. California Public Employees Retirement System now owns 2,357,760 shares of the company’s stock worth $5,494,000 after buying an additional 422,100 shares in the last quarter. Rhumbline Advisers boosted its position 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 in the last quarter. Finally, California State Teachers Retirement System boosted its position 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 in 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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