Zacks Investment Research upgraded California Resources Corp (NYSE:CRC) to Hold in a report released today.
- Updated: October 17, 2016
Zacks Investment Research has upgraded California Resources Corp (NYSE:CRC) to Hold in a report released on Monday October 17, 2016.
Yesterday California Resources Corp (NYSE:CRC) traded -1.16% lower at $11.07. The company’s 50-day moving average is $10.99 and its 200-day moving average is $13.49. The last stock close price is down -17.93% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,494,140 shares of the stock were exchanged, down from an average trading volume of 3,026,420
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California Resources Corp has a 52 week low of $2.81 and a 52 week high of $51.50 The company’s market cap is currently $0.
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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