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How to Buy California Resources Stock

California Resources Corp

California Resources is a oil and gas company located in California, United States, which is part of the Energy sector, and is traded under the ticker CRC on the NYSE exchange.

California Resources stock last closed at $48.64, down 1.98% from the previous day, and has increased 11.46% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.1 percentage points. California Resources stock is currently +14.26% from its 52-week low of $42.57, and -16.77% from its 52-week high of $58.44.

There are currently 68.53M shares of CRC outstanding. The market value of CRC is $3.33B. In the last 24 hours, 5.53M CRC shares were traded.

How to Buy California Resources Stock

Wondering how to invest in California Resources stock? Here's how.
  1. Choose where to buy California Resources stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy California Resources stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Select your payment method and add your info.
  4. Evaluate California Resources stock: The California Resources ticker symbol is CRC. Is California Resources stock a good investment? Should you buy shares of CRC? How do CRC's underlying business fundamentals look? Do top analysts think California Resources is a good buy? Why has CRC's stock price moved recently? (Hint: Our stock analysis website can help you figure out if CRC is a good stock to buy).
  5. Execute your CRC purchase: Decide if you will purchase CRC shares at the current market price or use a limit order to purchase CRC stock at a given price.
  6. Get the latest scoop on your CRC investment: Create a watchlist to get the latest news on your investment in California Resources shares.

Step 1: Choose where to buy California Resources stock

You need an online brokerage account in order to access the NYSE market and buy CRC shares.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our research, eToro is the best place to buy stocks. eToro gives you:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
  • Access to global markets: From Technology to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the world's leading stock exchanges.
  • Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your share purchase by signing up for an account with eToro today.

Open eToro Account
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Step 2: Create a brokerage account

Now that you've picked your brokerage, you need to fill out some personal information so you can invest in CRC stock today.

How to Set Up a New Investment Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Input your personal details to open a new trading account.
  1. Send your details by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit money your brokerage account

Now that you've filled out your info on the best app for stock investing, your next step is to transfer the money for your investment:

Watch the video below if you need help transferring money into your new brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate California Resources stock

Once you have selected the best place to buy California Resources stock, it's critical to analyze their stock before you invest, so you actually wrap your head around the risk and upside.

California Resources quick stats

CRC Price
$48.64
1w %
-0.18%
1y %
11.46%
5y %
N/A
P/E
13.33x
P/B
1.59x
P/S
1.5x
PEG
0.38x
Revenue
$2.23B
Earnings
$253.00M
Fore. Rev. Growth
28.36%
Fore. Earn. Growth
38.88%
Market Cap
$3.33B
Next Earnings
Jul 29, 2024
Next Dividend
N/A

California Resources Fundamentals

WallStreetZen was created to help average investors perform more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on CRC's stock page.

What is the fair value of CRC stock?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CRC's fair value.

Using relative valuations methods:

  • CRC could be undervalued based on its P/E ratio of 13.33x, relative to Oil & Gas E&P industry P/E ratio of 13.64x
  • CRC may be undervalued based on its P/B ratio of 1.59x, relative to Oil & Gas E&P industry P/B ratio of 1.91x
  • CRC may be undervalued based on its PEG ratio of 0.38x

You can do additional valuation analysis on CRC's stock here.

CRC Financial Summary

Passed Financial Due Diligence Checks:

  • CRC earnings of $408.00M is not sufficient to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the CRC balance sheet.
  • Total CRC debt is lower than 5 years ago, relative to shareholder equity.
  • CRC's operating cash flow of $430.00M allows it to safely service it's debt of $541.00M.

Failed Financial Due Diligence Checks:

  • CRC profit margin has gone down from 27.9% to 11.3% in the past year.
  • CRC has a relatively high debt to equity ratio of 0.87.
  • There are more long-term liabilities than short-term assets on the CRC balance sheet.

Is CRC stock a Buy, Hold, or Sell, according to analysts?

Out of 5 Wall Street analysts who give recommendations on CRC, the consensus analyst rating on California Resources is a Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are forecasting on the California Resources stock forecast page.

CRC Technical Indicators

SMA10
48.62
SMA20
47.47
SMA50
50.29
SMA100
51.62
SMA200
52.36
MACD
-0.06
MACD Signal
-0.57
MACD Histogram
0.51
RSI
50.07
Stochastic %K
81.15
Stochastic %D
88.06
StochRSI %K
87.63
StochRSI %D
94.05

Is CRC Making Money?

Last year, CRC earnings were $253.00M. During the last 5 year, CRC's earnings have increased by -7.57% per year. This was slower than the Oil & Gas E&P industry average of 19.91%.

Last year, CRC revenue was $2.23B. During the past 5 year, CRC's revenue has gone up by -6.64% per year. This was slower than the Oil & Gas E&P industry average of 18.98%.

Learn more about CRC's earnings and revenue performance here.

Who is buying/selling CRC?

Over the last 12 months, insiders at CRC have sold more shares than they have bought.

Omar Hayat, EVP - Operations of CRC, was the latest CRC insider to sell. They sold $214,421.22 worth of CRC shares on Jun 19, 2024.

Dig into more about who owns CRC stock here.

Does CRC stock generate passive income?

No, California Resources doesn't provide an income stream by paying out dividends.

What others are saying about CRC

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your CRC purchase

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount, place a limit order.

Click the Open Trade button and eToro will execute your order.

If you want more assistance buying stocks on eToro, click the how to video below:

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Step 6: Get the latest scoop on your CRC investment

Now that you own some CRC stock, you'll want to stay up-to-date on your company.

Add CRC to a watchlist to keep track of your CRC stock.

CRC Feed

How to Buy Stock in California Resources

To reiterate, here are the 6 steps to buy California Resources stock:

  1. Choose where to buy California Resources stock
  2. Create a brokerage account
  3. Deposit money your brokerage account
  4. Evaluate California Resources stock
  5. Execute your CRC purchase
  6. Get the latest scoop on your CRC investment

If you need a online brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your investment in California Resources, add CRC to your watchlist by clicking the button below.

NYSE: CRC
$48.64-0.98 (-1.98%)
Updated Jun 21, 2024
Open eToro Account
NYSE: CRC
$48.64-0.98 (-1.98%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one California Resources share?

As of Jun 21, 2024, it costs $48.64 to buy one share of California Resources stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.206 shares of CRC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy California Resources stock?

According to 5 Wall Street analysts who monitor California Resources, their consensus recommendation is to buy California Resources stock.

What is the best way to buy California Resources stock?

One way to place an order for California Resources stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.