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California Resources Corp (NYSE:CRC) has been downgraded to Strong Sell in a statement by BidaskClub earlier today.

Having a price of $7.35, California Resources Corp (NYSE:CRC) traded 0.83% higher on the day. With the last close down -43.96% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the same period. California Resources Corp has recorded a 50-day average of $7.98 and a two hundred day average of $12.94. Volume of trade was down over the average, with 1,020,145 shares of CRC changing hands under the typical 2,015,300

BidaskClub has downgraded California Resources Corp (NYSE:CRC) to Strong Sell in a statement released on 7/08/2017.

Performance Chart

California Resources Corp (NYSE:CRC)

With a total market value of $0, California Resources Corp has price-earnings ratio of 0.65 with a one year low of $6.57 and a one year high of $23.42 .

More About 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 produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe). As of December 31, 2016, it drilled 42 development wells with 37 wells in the San Joaquin basin and five in the Los Angeles basin, which included over 30 steamflood and eight waterflood wells. As of December 31, 2016, the Company produced 36 billion barrels of oil equivalent (BBoe), including approximately 20 BBoe in the San Joaquin basin, 11 BBoe in the Los Angeles basin, three BBoe in the Ventura basin and 10 trillion cubic feet (Tcf) of natural gas in the Sacramento basin. Its operations included 135 fields with 8,837 gross active wellbores, as of December 31, 2016.

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