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 $53.60, down 3.11% from the previous day, and has increased 8.97% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.29 percentage points. California Resources stock is currently +24.39% from its 52-week low of $43.09, and -11.27% from its 52-week high of $60.41.
There are currently 91.71M shares of CRC outstanding. The market value of CRC is $4.92B. In the last 24 hours, 534,597 CRC shares were traded.
How to Buy California Resources Stock
Wondering how to invest in California Resources stock? Here's how.
- 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.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your payment method and add your info.
- 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).
- 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.
- 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.
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 AccountStep 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
- 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.
- Input your personal details to open a new trading account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
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.
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
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 8.17x, relative to Oil & Gas E&P industry P/E ratio of 16.08x
- CRC may be undervalued based on its P/B ratio of 1.4x, relative to Oil & Gas E&P industry P/B ratio of 1.73x
You can do more valuation analysis on CRC's stock here.
CRC Financial Health Summary
Passed Financial Due Diligence Checks:
- CRC earnings of $814.00M is not sufficient to cover its interest payments.
- CRC profit margin has gone up from 16.6% to 17.4% in the past year.
- CRC's operating cash flow of $535.00M allows it to safely service it's debt of $1.13B.
- Total CRC debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- There are more short-term liabilities than short-term assets on the CRC balance sheet.
- CRC has a relatively high debt to equity ratio of 1.04.
- There are more long-term liabilities than short-term assets on the CRC balance sheet.
Is it a good time to buy California Resources stock, according to Wall Street analysts?
Out of 8 Equities analysts who track CRC, the consensus analyst rating on California Resources is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest CRC Analyst Ratings
Scott Gruber, a top 21% analyst from Citigroup maintains CRC with a strong buy rating and raises their CRC price target from $63.00 to $65.00, on Sep 5, 2024.
Citigroup's Scott Gruber raised their price target on California Resources (NYSE: CRC) by 3.2% from $63 to $65 on 2024/09/05. The analyst maintained their Strong Buy rating on the stock.
Gruber told readers that, based on California Resources' 2024/08/06-dated Q2 2024 earnings report, they updated their model for the name and price target.
Kalei Akamine, a top 42% analyst from Bank of America upgrades CRC to a strong buy rating and raises their CRC price target from $57.00 to $65.00, on Aug 21, 2024.
Scott Hanold, a top 7% analyst from RBC Capital reiterates CRC with a buy rating and maintains their CRC price target from $65.00 to $65.00, on Aug 15, 2024.
You can dig deeper into what analysts are projecting on the California Resources stock forecast page.
CRC Technicals
CRC Growth Numbers
Last year, CRC earnings were $531.00M. During the past five year, CRC's earnings have increased by -3.67% per year. This was slower than the Oil & Gas E&P industry average of 18.24%.
Last year, CRC revenue was $3.05B. Over the past five year, CRC's revenue has grown by -0.36% per year. This was slower than the Oil & Gas E&P industry average of 10.55%.
Dig into CRC's earnings and revenue performance here.
Who is buying/selling CRC?
Over the past 12 months, executives and large shareholders at CRC have sold more shares than they have bought.
Francisco 1. Leon, President and CEO of CRC, was the latest CRC insider to sell. They sold $28,749.50 worth of CRC shares on Nov 6, 2024.
Research 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.
CRC Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your CRC purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - 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 specific dollar amount limit, use a limit order.
Click the Open button and your broker will execute the order.
If you need more assistance buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your CRC investment
Now that you own some shares in CRC, you'll want to keep up with your company.
Create a watchlist to monitor your CRC stock.
CRC Feed
How to Buy Stock in California Resources
To summarize, here are the 6 steps for buying California Resources stock:
- Choose where to buy California Resources stock
- Create a brokerage account
- Deposit money your brokerage account
- Evaluate California Resources stock
- Execute your CRC purchase
- Get the latest scoop on your CRC investment
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get updates on your investment in California Resources, create a watchlist today.
Other Articles You Might Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation 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.