California Resources Corp. (NYSE:CRC) shares were up 6.4% during trading on Thursday . The company traded as high as $11.85 and last traded at $11.75, with a volume of 1,139,060 shares trading hands. The stock had previously closed at $11.04.

Separately, Zacks Investment Research raised California Resources Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, July 5th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.67.

The stock has a 50 day moving average price of $11.99 and a 200 day moving average price of $13.35. The company’s market cap is $487.04 million.

California Resources Corp. (NYSE:CRC) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.49) by $0.31. The business earned $317 million during the quarter, compared to analyst estimates of $437.47 million. California Resources Corp.’s revenue was down 50.4% on a year-over-year basis. Equities analysts expect that California Resources Corp. will post ($6.16) earnings per share for the current fiscal year.

Other hedge funds and institutional investors recently made changes to their positions in the company. 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 raised 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 last quarter. California State Teachers Retirement System raised 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 last quarter. Matarin Capital Management LLC acquired a new stake in California Resources Corp. during the fourth quarter worth approximately $2,968,000. Finally, Nationwide Fund Advisors raised 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 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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