Morgan Stanley upgraded California Resources Corp (NYSE:CRC) to Equal Weight in a statement released earlier today.
- Updated: November 27, 2016
Morgan Stanley has upgraded California Resources Corp (NYSE:CRC) to Equal Weight in a statement released on 11/22/2016.
Having a price of $15.83, California Resources Corp (NYSE:CRC) traded -4.71% lower on the day. With the last stock price up 20.23% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. CRC has recorded a 50-day average of $12.35 and a two hundred day average of $12.63. Trade Volume was down over the average, with 696,590 shares of CRC changing hands under the typical 2,549,350
Recent Performance Chart
California Resources Corp has with a one year low of $2.81 and a one year high of $42.50 and has a total market value of $0.
Brief Synopsis 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 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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