California Resources Corporation (CRC) Company Bio
California Resources Corporation is an independent oil and natural gas exploration and production company, operating properties exclusively within the State of California. The company was founded in 2014 and is based in Bakersfield, California.
CRC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for California Resources Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that California Resources Corp ranked in the 75th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of California Resources Corp, consider:
The company's balance sheet shows it gets 1% of its capital from equity, and 99% of its capital from debt. Its equity weight surpasses that of just 2.24% of free cash flow generating stocks in the Energy sector.
The company's compound free cash flow growth rate over the past 5 years comes in at -0.17%; that's greater than only 11.56% of US stocks we're applying DCF forecasting to.
California Resources Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 23.25% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CRC, try SUN, FRO, BOOM, UGP, and HFC.
Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or "the Company"), today announced the appointment of William Albrecht as independent Chairman of the Board of Directors (the "Board"), succeeding Randy Foutch upon the expiration of Mr. Foutch's term on May 14, 2020. Mr. Albrecht, currently an independent member of the Board, will continue to serve on the Compensation Committee and Nominating and Corporate Governance Committee.
Shares of California Resources Corp. plunged 29% in morning trading, to pace all NYSE decliners, after the oil and gas company disclosed that it was adding a "going concern" warning its its risk factors, given the impact the COVID-19 pandemic has had on crude oil prices. The company also disclosed late Monday that it is unable to meet the deadline to file its quarterly report with the Securities and Exchange Commission, and is relying on the SEC's order to allow delays amid the pandemic. The company said in the meantime, it is supplementing the risk factors previously disclosed in its annual report, given that travel restrictions, business closures and quarantining has led to an "unprecedented" reduction in demand for crude oil. "As previously disclosed, the company is continuing to pu...
(Bloomberg) -- California Resources Corp. warned it may not be able to stay in business if it can’t repair its balance sheet amid the worst crude-market crash in history.California’s biggest oil producer will delay submitting its quarterly report to regulators until next month and ditched its guidance for the rest of this year because of the effects of the Covid-19 pandemic, the company said Monday in a filing. Tumbling demand for its crude forced the company to shut in the equivalent of 5,000 barrels a day of oil production.“In the event the company is not successful in restructuring its balance sheet, there is substantial doubt about the company’s ability to continue as a going concern,” the Los Angeles-based explorer said.California Resources has struggled to manage its debt since it...
KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating the damages sustained during the Coronavirus ("COVID-19") pandemic by employees and investors who held large positions in California Resources (NYSE:CRC) stock at full-service brokerage firms. Investment portfolios holding large positions can carry significant downside risks. The investigation focuses on full-service brokerage firms’ negligence and mismanagement of large positions that resulted in employees and investors suffering substantial losses.