California Resources Corp (NYSE:CRC) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 10, 2016
Having a price of $11.67, California Resources Corp (NYSE:CRC) traded 6.38% higher on the day. With the last stock price down -13.47% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CRC has recorded a 50-day average of $10.91 and a two hundred day average of $13.49. Trade Volume was down over the average, with 1,927,684 shares of CRC changing hands under the typical 3,114,700
Zacks Investment Research has downgraded California Resources Corp (NYSE:CRC) to Sell in a statement released on 10/10/2016.
On 7/14/2015, Societe Generale released a statement about California Resources Corp (NYSE:CRC) upped the target price from $0.00 to $7.00 that suggested an upside of 0.26%.
Recent Performance Chart
California Resources Corp has with a one year low of $2.81 and a one year high of $51.50 and has a market capitalization of $0.
General Company Details For California Resources Corp (NYSE:CRC)
California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produces approximately 160 thousand barrels of oil equivalent per day (MBoe/d). It has net proved reserves of over 640 million barrels of oil equivalent (MMBoe). It operates approximately three drilling rigs across the state with over two located in the San Joaquin basin (steamflood activities) and approximately one in the Los Angeles basin (waterflood activities). It has drilled over 290 gross development wells with over 250 wells in the San Joaquin basin and approximately 30 wells in the Los Angeles basin. It has also drilled approximately three exploration wells in the San Joaquin basin. Its operations include approximately 140 fields with over 9,070 gross active wellbores. It sells its crude oil, natural gas and natural gas liquids production to marketers, California refineries and other purchasers.
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