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California Resources Corp
Buy, Hold or Sell?

Let's analyse California Resources Corp together

PenkeI guess you are interested in California Resources Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of California Resources Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of California Resources Corp (30 sec.)










What can you expect buying and holding a share of California Resources Corp? (30 sec.)

How much money do you get?

How much money do you get?
$1.13
When do you have the money?
1 year
How often do you get paid?
55.0%

What is your share worth?

Current worth
$30.69
Expected worth in 1 year
$36.53
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
$6.97
Return On Investment
12.7%

For what price can you sell your share?

Current Price per Share
$54.93
Expected price per share
$45.11 - $57.75
How sure are you?
50%

1. Valuation of California Resources Corp (5 min.)




Live pricePrice per Share (EOD)

$54.93

Intrinsic Value Per Share

$22.67 - $139.05

Total Value Per Share

$53.36 - $169.74

2. Growth of California Resources Corp (5 min.)




Is California Resources Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$2.2b$1.6b$752.5m31.1%

How much money is California Resources Corp making?

Current yearPrevious yearGrowGrow %
Making money$141m$131m$10m7.1%
Net Profit Margin18.9%14.1%--

How much money comes from the company's main activities?

3. Financial Health of California Resources Corp (5 min.)




4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)




  Industry Rankings (Oil & Gas E&P)  


Richest
#51 / 367

Most Revenue
#47 / 367

Most Profit
#48 / 367

Most Efficient
#137 / 367

What can you expect buying and holding a share of California Resources Corp? (5 min.)

Welcome investor! California Resources Corp's management wants to use your money to grow the business. In return you get a share of California Resources Corp.

What can you expect buying and holding a share of California Resources Corp?

First you should know what it really means to hold a share of California Resources Corp. And how you can make/lose money.

Speculation

The Price per Share of California Resources Corp is $54.93. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of California Resources Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in California Resources Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $30.69. Based on the TTM, the Book Value Change Per Share is $1.46 per quarter. Based on the YOY, the Book Value Change Per Share is $1.07 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.28 per quarter.
Based on historical numbers we can estimate the returns while holding a share of California Resources Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps2.604.7%1.933.5%1.723.1%1.983.6%0.931.7%
Usd Book Value Change Per Share1.102.0%1.462.7%1.071.9%1.172.1%-2.84-5.2%
Usd Dividend Per Share0.300.6%0.280.5%0.190.3%0.611.1%1.082.0%
Usd Total Gains Per Share1.402.6%1.743.2%1.262.3%1.783.2%-1.76-3.2%
Usd Price Per Share54.68-48.62-41.29-26.06-13.03-
Price to Earnings Ratio5.26--7.02-2.63--0.95--0.47-
Price-to-Total Gains Ratio38.96-11.99-18.42-8.31-8.31-
Price to Book Ratio1.78-1.50-1.95-1.27-0.63-
Price-to-Total Gains Ratio38.96-11.99-18.42-8.31-8.31-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share54.93
Number of shares18
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.280.61
Usd Book Value Change Per Share1.461.17
Usd Total Gains Per Share1.741.78
Gains per Quarter (18 shares)31.3531.97
Gains per Year (18 shares)125.41127.90
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1201051154484118
24121024088168246
361315365132252374
481420490175336502
5102525615219420630
6122631740263504758
7142736865307588886
81638419903516721014
918394611153957561142
10203105112404398401270

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%8.04.00.066.7%12.08.00.060.0%19.021.00.047.5%23.021.00.052.3%
Book Value Change Per Share3.01.00.075.0%8.04.00.066.7%11.09.00.055.0%19.021.00.047.5%20.021.03.045.5%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%13.00.07.065.0%22.00.018.055.0%25.00.019.056.8%
Total Gains per Share3.01.00.075.0%8.04.00.066.7%11.09.00.055.0%20.020.00.050.0%24.020.00.054.5%

Fundamentals of California Resources Corp

About California Resources Corp

California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It also engages in the generation and sale of electricity to the wholesale power market and utility sector; and developing various carbon capture and storage projects in California. The company was incorporated in 2014 and is based in Long Beach, California.

Fundamental data was last updated by Penke on 2024-03-22 20:05:08.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of California Resources Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit California Resources Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare California Resources Corp to the Oil & Gas E&P industry mean.
  • A Net Profit Margin of 31.0% means that $0.31 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of California Resources Corp:

  • The MRQ is 31.0%. The company is making a huge profit. +2
  • The TTM is 18.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ31.0%TTM18.9%+12.1%
TTM18.9%YOY14.1%+4.8%
TTM18.9%5Y32.4%-13.5%
5Y32.4%10Y-3.3%+35.7%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ31.0%10.1%+20.9%
TTM18.9%12.5%+6.4%
YOY14.1%19.1%-5.0%
5Y32.4%-16.1%+48.5%
10Y-3.3%-35.7%+32.4%
1.1.2. Return on Assets

Shows how efficient California Resources Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare California Resources Corp to the Oil & Gas E&P industry mean.
  • 4.7% Return on Assets means that California Resources Corp generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of California Resources Corp:

  • The MRQ is 4.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.7%TTM3.6%+1.1%
TTM3.6%YOY3.3%+0.3%
TTM3.6%5Y6.3%-2.7%
5Y6.3%10Y1.7%+4.6%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ4.7%0.3%+4.4%
TTM3.6%0.5%+3.1%
YOY3.3%1.9%+1.4%
5Y6.3%-1.2%+7.5%
10Y1.7%-2.4%+4.1%
1.1.3. Return on Equity

Shows how efficient California Resources Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare California Resources Corp to the Oil & Gas E&P industry mean.
  • 8.5% Return on Equity means California Resources Corp generated $0.08 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of California Resources Corp:

  • The MRQ is 8.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.5%TTM6.6%+1.9%
TTM6.6%YOY6.9%-0.3%
TTM6.6%5Y20.6%-14.0%
5Y20.6%10Y8.2%+12.3%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ8.5%1.4%+7.1%
TTM6.6%1.7%+4.9%
YOY6.9%4.4%+2.5%
5Y20.6%-2.5%+23.1%
10Y8.2%-4.1%+12.3%

1.2. Operating Efficiency of California Resources Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient California Resources Corp is operating .

  • Measures how much profit California Resources Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare California Resources Corp to the Oil & Gas E&P industry mean.
  • An Operating Margin of 29.7% means the company generated $0.30  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of California Resources Corp:

  • The MRQ is 29.7%. The company is operating very efficient. +2
  • The TTM is 26.3%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ29.7%TTM26.3%+3.4%
TTM26.3%YOY34.4%-8.2%
TTM26.3%5Y17.4%+8.8%
5Y17.4%10Y12.5%+5.0%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ29.7%22.2%+7.5%
TTM26.3%14.2%+12.1%
YOY34.4%33.0%+1.4%
5Y17.4%-4.1%+21.5%
10Y12.5%-17.6%+30.1%
1.2.2. Operating Ratio

Measures how efficient California Resources Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • An Operation Ratio of 0.70 means that the operating costs are $0.70 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of California Resources Corp:

  • The MRQ is 0.703. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.715. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.703TTM0.715-0.011
TTM0.715YOY0.598+0.117
TTM0.7155Y0.778-0.063
5Y0.77810Y0.848-0.070
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7031.063-0.360
TTM0.7150.998-0.283
YOY0.5980.754-0.156
5Y0.7781.077-0.299
10Y0.8481.176-0.328

1.3. Liquidity of California Resources Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if California Resources Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A Current Ratio of 1.51 means the company has $1.51 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of California Resources Corp:

  • The MRQ is 1.508. The company is able to pay all its short-term debts. +1
  • The TTM is 1.423. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.508TTM1.423+0.085
TTM1.423YOY0.828+0.595
TTM1.4235Y0.842+0.582
5Y0.84210Y0.773+0.068
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5081.187+0.321
TTM1.4231.178+0.245
YOY0.8281.294-0.466
5Y0.8421.325-0.483
10Y0.7731.655-0.882
1.3.2. Quick Ratio

Measures if California Resources Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare California Resources Corp to the Oil & Gas E&P industry mean.
  • A Quick Ratio of 1.26 means the company can pay off $1.26 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of California Resources Corp:

  • The MRQ is 1.256. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.176. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.256TTM1.176+0.081
TTM1.176YOY0.682+0.494
TTM1.1765Y0.659+0.517
5Y0.65910Y0.565+0.094
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2560.652+0.604
TTM1.1760.664+0.512
YOY0.6820.874-0.192
5Y0.6590.829-0.170
10Y0.5650.976-0.411

1.4. Solvency of California Resources Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of California Resources Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare California Resources Corp to Oil & Gas E&P industry mean.
  • A Debt to Asset Ratio of 0.44 means that California Resources Corp assets are financed with 44.5% credit (debt) and the remaining percentage (100% - 44.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of California Resources Corp:

  • The MRQ is 0.445. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.341. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.445TTM0.341+0.104
TTM0.341YOY0.583-0.242
TTM0.3415Y0.727-0.386
5Y0.72710Y0.822-0.095
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4450.407+0.038
TTM0.3410.419-0.078
YOY0.5830.433+0.150
5Y0.7270.468+0.259
10Y0.8220.453+0.369
1.4.2. Debt to Equity Ratio

Measures if California Resources Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare California Resources Corp to the Oil & Gas E&P industry mean.
  • A Debt to Equity ratio of 80.2% means that company has $0.80 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of California Resources Corp:

  • The MRQ is 0.802. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.593. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.802TTM0.593+0.209
TTM0.593YOY1.435-0.842
TTM0.5935Y0.889-0.296
5Y0.88910Y0.919-0.030
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8020.587+0.215
TTM0.5930.601-0.008
YOY1.4350.675+0.760
5Y0.8890.830+0.059
10Y0.9190.785+0.134

2. Market Valuation of California Resources Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings California Resources Corp generates.

  • Above 15 is considered overpriced but always compare California Resources Corp to the Oil & Gas E&P industry mean.
  • A PE ratio of 5.26 means the investor is paying $5.26 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of California Resources Corp:

  • The EOD is 5.281. Based on the earnings, the company is cheap. +2
  • The MRQ is 5.257. Based on the earnings, the company is cheap. +2
  • The TTM is -7.023. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD5.281MRQ5.257+0.024
MRQ5.257TTM-7.023+12.280
TTM-7.023YOY2.631-9.654
TTM-7.0235Y-0.949-6.074
5Y-0.94910Y-0.475-0.475
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD5.2811.497+3.784
MRQ5.2571.403+3.854
TTM-7.0231.473-8.496
YOY2.6311.042+1.589
5Y-0.949-0.830-0.119
10Y-0.475-0.906+0.431
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of California Resources Corp:

  • The EOD is 17.419. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 17.339. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 9.122. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD17.419MRQ17.339+0.079
MRQ17.339TTM9.122+8.218
TTM9.122YOY5.030+4.092
TTM9.1225Y2.992+6.130
5Y2.99210Y1.496+1.496
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD17.4190.868+16.551
MRQ17.3391.145+16.194
TTM9.122-0.754+9.876
YOY5.030-0.670+5.700
5Y2.992-2.893+5.885
10Y1.496-4.397+5.893
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of California Resources Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A PB ratio of 1.78 means the investor is paying $1.78 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of California Resources Corp:

  • The EOD is 1.790. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.782. Based on the equity, the company is underpriced. +1
  • The TTM is 1.502. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.790MRQ1.782+0.008
MRQ1.782TTM1.502+0.280
TTM1.502YOY1.945-0.443
TTM1.5025Y1.267+0.236
5Y1.26710Y0.633+0.633
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD1.7901.071+0.719
MRQ1.7821.078+0.704
TTM1.5021.081+0.421
YOY1.9451.385+0.560
5Y1.2671.237+0.030
10Y0.6331.431-0.798
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of California Resources Corp.

3.1. Institutions holding California Resources Corp

Institutions are holding 104.833% of the shares of California Resources Corp.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31BlackRock Inc15.83420.0153109690511137681.048
2023-12-31Vanguard Group Inc11.19640.00937756240-58390-0.7472
2023-12-31Gimbel Daniel Scott9.017699.3888624686500
2023-12-31Kimmeridge Energy Management Company, LLC5.05038.696349855400
2023-12-31Dimensional Fund Advisors, Inc.4.76350.052732999021905886.1296
2023-12-31State Street Corporation4.580.00843172742-354572-10.0522
2023-12-31LSV Asset Management4.51170.372931254661822466.1921
2023-12-31FMR Inc4.48210.0133104943-1292218-29.3876
2023-12-31Ares Management LLC3.89673.5791269938500
2023-12-31Pacer Advisors, INC.2.83720.3042196547682182771.8601
2023-12-31Geode Capital Management, LLC2.07370.00821436566367302.6239
2023-12-31American Century Companies Inc1.6010.0417110909218390719.8779
2023-12-31Victory Capital Management Inc.1.27880.051885906617084229.5512
2023-12-31Northern Trust Corp1.24260.0085860785-11388-1.3057
2023-12-31Charles Schwab Investment Management Inc1.21270.0117840076761729.9714
2023-12-31Bank of New York Mellon Corp1.17820.0091816186-68167-7.7081
2023-09-30Jacobs Levy Equity Management, Inc.1.15330.265798909516836.9166
2023-12-31Grantham, Mayo, Van Otterloo & Co., LLC1.13760.190278804325978949.1788
2023-12-31Orbis Allan Gray Ltd1.13330.2695785093-17377-2.1654
2023-12-31Amvescap Plc.1.09660.0099759647627249.0001
Total 79.2775113.304554918927+794406+1.4%

3.2. Funds holding California Resources Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-02-29iShares Core S&P Small-Cap ETF6.34010.2958439205161200.1395
2024-02-29Pacer US Small Cap Cash Cows 100 ETF3.75271.52432599654113120.437
2024-02-29Vanguard Total Stock Mkt Idx Inv3.16080.00742189600-5915-0.2694
2024-02-29Vanguard Small Cap Index2.55340.06571768874165070.942
2024-02-29iShares Russell 2000 ETF2.45690.14241702006-278-0.0163
2024-02-29Vanguard Small Cap Value Index Inv1.74190.1184120668878480.6546
2024-02-29Avantis US Small Cap Value ETF1.71030.628511848004960.0419
2024-02-29Vanguard Institutional Extnd Mkt Idx Tr1.37090.048694967529850.3153
2024-02-29SPDR® S&P Oil & Gas Explor & Prodtn ETF1.17941.2241816992-4902-0.5964
2023-06-30Orbis SICAV Global Bal Instl Inv1.16681.0919808286-83400-9.3531
2024-01-31DFA US Small Cap Value I1.05720.2307732379575568.5291
2023-12-31Fidelity Small Cap Index0.99770.1487691167-13101-1.8602
2024-02-01iShares Russell 2000 Value ETF0.94760.26426564688300.1266
2024-02-29First Trust SMID Cp Rising Div Achv ETF0.93530.991964791259470.9264
2024-02-29iShares S&P Small-Cap 600 Growth ETF0.91580.578363443800
2023-12-31Fidelity Advisor Floating Rate Hi Inc M0.90730.261962851900
2024-02-29SPDR® Portfolio S&P 600 Sm Cap ETF0.84060.29595823411190.0204
2023-12-31GMO Resources III0.83481.5053578300-24000-3.9847
2023-12-31GMO Resources Composite0.83481.505357830018920048.625
2023-12-31Fidelity Capital & Income0.82920.2552574438-488300-45.9474
Total 34.533511.184523922888-320976-1.3%

3.3. Insider Transactions

Insiders are holding 0.755% of the shares of California Resources Corp.

DateOwnerTypeAmountPricePost Transaction AmountLink
2022-04-05Goldentree Asset Management LpSELL20000044.38
2022-03-30Goldentree Asset Management LpSELL12669148.6
2022-03-28Goldentree Asset Management LpSELL11187347.77
2022-03-25Goldentree Asset Management LpSELL49733649.71
2022-03-21Goldentree Asset Management LpSELL505543.65
2022-03-07Goldentree Asset Management LpSELL6549443.71
2022-03-03Ares Management LlcSELL1880042.77
2022-02-07Ares Management LlcSELL5000043.57
2022-02-03Ares Management LlcSELL4500044.02
2022-01-31Ares Management LlcSELL5000042.62
2022-01-28Ares Management LlcSELL1312842.52
2022-01-26Ares Management LlcSELL7000043.12
2022-01-20Goldentree Asset Management LpSELL1020043.92
2022-01-18Ares Management LlcSELL10000043.73
2022-01-13Goldentree Asset Management LpSELL2500045.08
2022-01-11Goldentree Asset Management LpSELL12500043.76
2021-12-29Ares Management LlcSELL4093343.12
2021-12-27Ares Management LlcSELL5000043.12
2021-12-23Ares Management LlcSELL54142.56
2021-12-20Goldentree Asset Management LpBUY690038.7

4. Summary

4.1. Key Performance Indicators

The key performance indicators of California Resources Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.0991.460-25%1.067+3%1.167-6%-2.838+358%
Book Value Per Share--30.69233.724-9%21.668+42%12.961+137%15.946+92%
Current Ratio--1.5081.423+6%0.828+82%0.842+79%0.773+95%
Debt To Asset Ratio--0.4450.341+31%0.583-24%0.727-39%0.822-46%
Debt To Equity Ratio--0.8020.593+35%1.435-44%0.889-10%0.919-13%
Dividend Per Share--0.3040.282+8%0.192+59%0.609-50%1.081-72%
Eps--2.6001.932+35%1.718+51%1.980+31%0.932+179%
Free Cash Flow Per Share--0.7882.002-61%2.194-64%1.679-53%0.950-17%
Free Cash Flow To Equity Per Share---0.0971.027-109%0.993-110%0.870-111%0.746-113%
Gross Profit Margin--1.0001.886-47%1.0000%1.263-21%1.132-12%
Intrinsic Value_10Y_max--139.050--------
Intrinsic Value_10Y_min--22.667--------
Intrinsic Value_1Y_max--9.093--------
Intrinsic Value_1Y_min--3.564--------
Intrinsic Value_3Y_max--31.010--------
Intrinsic Value_3Y_min--9.651--------
Intrinsic Value_5Y_max--57.375--------
Intrinsic Value_5Y_min--14.535--------
Market Cap3805242792.000-4%3953364000.0003479881036.000+14%3185141000.000+24%2000752546.170+98%1000376273.085+295%
Net Profit Margin--0.3100.189+64%0.141+119%0.324-4%-0.033+111%
Operating Margin--0.2970.263+13%0.344-14%0.174+70%0.125+138%
Operating Ratio--0.7030.715-2%0.598+18%0.778-10%0.848-17%
Pb Ratio1.790+0%1.7821.502+19%1.945-8%1.267+41%0.633+181%
Pe Ratio5.281+0%5.257-7.023+234%2.631+100%-0.949+118%-0.475+109%
Price Per Share54.930+0%54.68048.620+12%41.293+32%26.058+110%13.029+320%
Price To Free Cash Flow Ratio17.419+0%17.3399.122+90%5.030+245%2.992+480%1.496+1059%
Price To Total Gains Ratio39.141+0%38.96311.991+225%18.419+112%8.311+369%8.311+369%
Quick Ratio--1.2561.176+7%0.682+84%0.659+91%0.565+123%
Return On Assets--0.0470.036+32%0.033+43%0.063-25%0.017+171%
Return On Equity--0.0850.066+28%0.069+22%0.206-59%0.082+3%
Total Gains Per Share--1.4031.742-19%1.259+11%1.776-21%-1.756+225%
Usd Book Value--2219000000.0002419750000.000-8%1667250000.000+33%996000000.000+123%1239825000.000+79%
Usd Book Value Change Per Share--1.0991.460-25%1.067+3%1.167-6%-2.838+358%
Usd Book Value Per Share--30.69233.724-9%21.668+42%12.961+137%15.946+92%
Usd Dividend Per Share--0.3040.282+8%0.192+59%0.609-50%1.081-72%
Usd Eps--2.6001.932+35%1.718+51%1.980+31%0.932+179%
Usd Free Cash Flow--57000000.000144750000.000-61%169500000.000-66%126050000.000-55%65525000.000-13%
Usd Free Cash Flow Per Share--0.7882.002-61%2.194-64%1.679-53%0.950-17%
Usd Free Cash Flow To Equity Per Share---0.0971.027-109%0.993-110%0.870-111%0.746-113%
Usd Market Cap3805242792.000-4%3953364000.0003479881036.000+14%3185141000.000+24%2000752546.170+98%1000376273.085+295%
Usd Price Per Share54.930+0%54.68048.620+12%41.293+32%26.058+110%13.029+320%
Usd Profit--188000000.000141000000.000+33%131000000.000+44%171900000.000+9%-30225000.000+116%
Usd Revenue--607000000.000703250000.000-14%814500000.000-25%646900000.000-6%660025000.000-8%
Usd Total Gains Per Share--1.4031.742-19%1.259+11%1.776-21%-1.756+225%
 EOD+2 -6MRQTTM+16 -20YOY+24 -115Y+16 -2010Y+23 -13

4.2. Fundamental Score

Let's check the fundamental score of California Resources Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-155.281
Price to Book Ratio (EOD)Between0-11.790
Net Profit Margin (MRQ)Greater than00.310
Operating Margin (MRQ)Greater than00.297
Quick Ratio (MRQ)Greater than11.256
Current Ratio (MRQ)Greater than11.508
Debt to Asset Ratio (MRQ)Less than10.445
Debt to Equity Ratio (MRQ)Less than10.802
Return on Equity (MRQ)Greater than0.150.085
Return on Assets (MRQ)Greater than0.050.047
Total7/10 (70.0%)

4.3. Technical Score

Let's check the technical score of California Resources Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.527
Ma 20Greater thanMa 5053.195
Ma 50Greater thanMa 10052.204
Ma 100Greater thanMa 20051.916
OpenGreater thanClose53.250
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets3,998,000
Total Liabilities1,779,000
Total Stockholder Equity2,219,000
 As reported
Total Liabilities 1,779,000
Total Stockholder Equity+ 2,219,000
Total Assets = 3,998,000

Assets

Total Assets3,998,000
Total Current Assets929,000
Long-term Assets3,069,000
Total Current Assets
Cash And Cash Equivalents 496,000
Net Receivables 278,000
Inventory 72,000
Other Current Assets 83,000
Total Current Assets  (as reported)929,000
Total Current Assets  (calculated)929,000
+/-0
Long-term Assets
Property Plant Equipment 2,843,000
Long Term Investments 19,000
Long-term Assets Other 69,000
Long-term Assets  (as reported)3,069,000
Long-term Assets  (calculated)2,931,000
+/- 138,000

Liabilities & Shareholders' Equity

Total Current Liabilities616,000
Long-term Liabilities1,163,000
Total Stockholder Equity2,219,000
Total Current Liabilities
Short-term Debt 15,000
Accounts payable 245,000
Other Current Liabilities 338,000
Total Current Liabilities  (as reported)616,000
Total Current Liabilities  (calculated)598,000
+/- 18,000
Long-term Liabilities
Long term Debt 540,000
Capital Lease Obligations 70,000
Long-term Liabilities Other 62,000
Long-term Liabilities  (as reported)1,163,000
Long-term Liabilities  (calculated)672,000
+/- 491,000
Total Stockholder Equity
Common Stock1,000
Retained Earnings 1,419,000
Accumulated Other Comprehensive Income 74,000
Other Stockholders Equity 725,000
Total Stockholder Equity (as reported)2,219,000
Total Stockholder Equity (calculated)2,219,000
+/-0
Other
Capital Stock1,000
Cash and Short Term Investments 496,000
Common Stock Shares Outstanding 72,300
Current Deferred Revenue18,000
Liabilities and Stockholders Equity 3,998,000
Net Debt 114,000
Net Invested Capital 2,759,000
Net Working Capital 313,000
Property Plant and Equipment Gross 3,510,000
Short Long Term Debt Total 610,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-31
> Total Assets 
0
0
0
14,297,000
14,447,000
14,746,000
15,657,000
12,497,000
12,264,000
12,117,000
11,913,000
7,053,000
6,662,000
6,476,000
6,332,000
6,354,000
6,237,000
6,154,000
6,183,000
6,207,000
6,699,000
6,940,000
6,984,000
7,158,000
7,230,000
7,032,000
7,035,000
6,958,000
4,974,000
4,930,000
4,856,000
3,074,000
3,180,000
3,240,000
3,342,000
3,846,000
4,032,000
4,018,000
3,986,000
3,967,000
3,853,000
3,900,000
2,979,000
3,998,000
3,998,0002,979,0003,900,0003,853,0003,967,0003,986,0004,018,0004,032,0003,846,0003,342,0003,240,0003,180,0003,074,0004,856,0004,930,0004,974,0006,958,0007,035,0007,032,0007,230,0007,158,0006,984,0006,940,0006,699,0006,207,0006,183,0006,154,0006,237,0006,354,0006,332,0006,476,0006,662,0007,053,00011,913,00012,117,00012,264,00012,497,00015,657,00014,746,00014,447,00014,297,000000
   > Total Current Assets 
0
0
0
254,000
239,000
278,000
897,000
701,000
654,000
656,000
602,000
497,000
431,000
386,000
356,000
425,000
409,000
387,000
452,000
483,000
949,000
559,000
546,000
640,000
577,000
522,000
510,000
491,000
356,000
403,000
420,000
329,000
461,000
577,000
657,000
753,000
834,000
851,000
884,000
864,000
972,000
867,000
929,000
929,000
929,000929,000867,000972,000864,000884,000851,000834,000753,000657,000577,000461,000329,000420,000403,000356,000491,000510,000522,000577,000640,000546,000559,000949,000483,000452,000387,000409,000425,000356,000386,000431,000497,000602,000656,000654,000701,000897,000278,000239,000254,000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
105,000
14,000
28,000
37,000
4,000
12,000
10,000
2,000
10,000
12,000
50,000
9,000
28,000
20,000
494,000
42,000
31,000
17,000
43,000
27,000
22,000
17,000
77,000
126,000
122,000
28,000
130,000
151,000
189,000
305,000
328,000
324,000
358,000
307,000
477,000
448,000
479,000
496,000
496,000479,000448,000477,000307,000358,000324,000328,000305,000189,000151,000130,00028,000122,000126,00077,00017,00022,00027,00043,00017,00031,00042,000494,00020,00028,0009,00050,00012,00010,0002,00010,00012,0004,00037,00028,00014,000105,000000000
       Net Receivables 
0
0
0
127,000
129,000
156,000
578,000
428,000
371,000
388,000
327,000
240,000
212,000
236,000
238,000
276,000
254,000
247,000
292,000
353,000
320,000
368,000
380,000
367,000
364,000
300,000
307,000
347,000
186,000
182,000
196,000
219,000
245,000
294,000
305,000
292,000
363,000
383,000
360,000
408,000
318,000
248,000
314,000
278,000
278,000314,000248,000318,000408,000360,000383,000363,000292,000305,000294,000245,000219,000196,000182,000186,000347,000307,000300,000364,000367,000380,000368,000320,000353,000292,000247,000254,000276,000238,000236,000212,000240,000327,000388,000371,000428,000578,000156,000129,000127,000000
       Other Current Assets 
0
0
0
52,000
35,000
50,000
142,000
127,000
123,000
97,000
143,000
41,000
22,000
41,000
22,000
26,000
14,000
18,000
16,000
35,000
455,000
2,000
9,000
3,000
99,000
10,000
115,000
2,000
33,000
34,000
41,000
1,000
1,000
5,000
4,000
9,000
7,000
11,000
7,000
12,000
431,000
12,000
488,000
83,000
83,000488,00012,000431,00012,0007,00011,0007,0009,0004,0005,0001,0001,00041,00034,00033,0002,000115,00010,00099,0003,0009,0002,000455,00035,00016,00018,00014,00026,00022,00041,00022,00041,000143,00097,000123,000127,000142,00050,00035,00052,000000
   > Long-term Assets 
0
0
0
14,043,000
14,208,000
14,468,000
14,760,000
11,796,000
11,610,000
11,461,000
11,311,000
6,556,000
6,231,000
6,090,000
5,976,000
5,929,000
5,828,000
5,767,000
5,731,000
5,724,000
5,750,000
6,381,000
6,438,000
6,518,000
6,653,000
6,510,000
6,525,000
6,467,000
4,618,000
4,527,000
4,436,000
2,745,000
2,719,000
2,663,000
2,685,000
3,093,000
3,198,000
3,167,000
3,102,000
3,103,000
2,881,000
2,853,000
2,491,000
3,069,000
3,069,0002,491,0002,853,0002,881,0003,103,0003,102,0003,167,0003,198,0003,093,0002,685,0002,663,0002,719,0002,745,0004,436,0004,527,0004,618,0006,467,0006,525,0006,510,0006,653,0006,518,0006,438,0006,381,0005,750,0005,724,0005,731,0005,767,0005,828,0005,929,0005,976,0006,090,0006,231,0006,556,00011,311,00011,461,00011,610,00011,796,00014,760,00014,468,00014,208,00014,043,000000
       Property Plant Equipment 
0
0
0
14,008,000
14,173,000
14,434,000
14,725,000
11,685,000
11,566,000
11,410,000
11,257,000
6,312,000
6,214,000
6,073,000
5,953,000
5,885,000
5,793,000
5,738,000
5,692,000
5,696,000
5,714,000
6,334,000
6,386,000
6,455,000
6,548,000
6,459,000
6,469,000
6,352,000
4,584,000
4,449,000
4,360,000
2,655,000
2,625,000
2,608,000
2,587,000
2,599,000
2,684,000
2,675,000
2,774,000
2,859,000
2,764,000
2,745,000
2,722,000
2,843,000
2,843,0002,722,0002,745,0002,764,0002,859,0002,774,0002,675,0002,684,0002,599,0002,587,0002,608,0002,625,0002,655,0004,360,0004,449,0004,584,0006,352,0006,469,0006,459,0006,548,0006,455,0006,386,0006,334,0005,714,0005,696,0005,692,0005,738,0005,793,0005,885,0005,953,0006,073,0006,214,0006,312,00011,257,00011,410,00011,566,00011,685,00014,725,00014,434,00014,173,00014,008,000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,000
13,000
14,000
14,000
15,000
19,000
19,00015,00014,00014,00013,00014,00000000000000000000000000000000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
56,000
56,000
34,000
33,000
33,000
56,000
55,000
55,000
56,000
2,697,000
514,000
453,000
314,000
231,000
182,000
180,000
-441,000
0
0-441,000180,000182,000231,000314,000453,000514,0002,697,00056,00055,00055,00056,00033,00033,00034,00056,00056,00000000000000000000000000000
> Total Liabilities 
0
0
0
4,308,000
4,468,000
10,472,000
4,788,000
9,886,000
9,748,000
9,662,000
9,558,000
7,969,000
7,614,000
7,521,000
6,825,000
6,911,000
6,684,000
6,645,000
6,757,000
6,927,000
6,629,000
6,850,000
6,844,000
6,649,000
6,753,000
6,534,000
6,454,000
6,452,000
6,253,000
6,478,000
6,437,000
1,892,000
2,099,000
2,325,000
2,290,000
2,158,000
2,599,000
2,501,000
2,131,000
2,103,000
1,761,000
582,000
929,000
1,779,000
1,779,000929,000582,0001,761,0002,103,0002,131,0002,501,0002,599,0002,158,0002,290,0002,325,0002,099,0001,892,0006,437,0006,478,0006,253,0006,452,0006,454,0006,534,0006,753,0006,649,0006,844,0006,850,0006,629,0006,927,0006,757,0006,645,0006,684,0006,911,0006,825,0007,521,0007,614,0007,969,0009,558,0009,662,0009,748,0009,886,0004,788,00010,472,0004,468,0004,308,000000
   > Total Current Liabilities 
0
0
0
689,000
735,000
6,679,000
852,000
906,000
735,000
685,000
748,000
605,000
638,000
592,000
658,000
726,000
688,000
607,000
746,000
732,000
806,000
893,000
871,000
607,000
689,000
610,000
721,000
709,000
543,000
5,759,000
1,194,000
473,000
622,000
886,000
957,000
854,000
1,205,000
1,208,000
932,000
894,000
717,000
582,000
694,000
616,000
616,000694,000582,000717,000894,000932,0001,208,0001,205,000854,000957,000886,000622,000473,0001,194,0005,759,000543,000709,000721,000610,000689,000607,000871,000893,000806,000732,000746,000607,000688,000726,000658,000592,000638,000605,000748,000685,000735,000906,000852,0006,679,000735,000689,000000
       Short-term Debt 
0
0
0
0
0
0
0
0
25,000
50,000
75,000
100,000
100,000
99,000
74,000
100,000
100,000
100,000
100,000
0
0
0
0
0
127,000
159,000
139,000
128,000
19,000
5,098,000
744,000
7,000
10,000
8,000
8,000
11,000
10,000
10,000
12,000
18,000
14,000
16,000
13,000
15,000
15,00013,00016,00014,00018,00012,00010,00010,00011,0008,0008,00010,0007,000744,0005,098,00019,000128,000139,000159,000127,00000000100,000100,000100,000100,00074,00099,000100,000100,00075,00050,00025,00000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100,000
100,000
0
5,083,000
733,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000733,0005,083,0000100,000100,00000000000000000000000000000
       Accounts payable 
0
0
0
448,000
480,000
504,000
584,000
588,000
373,000
278,000
280,000
257,000
233,000
187,000
205,000
219,000
238,000
243,000
263,000
257,000
292,000
330,000
349,000
390,000
304,000
290,000
316,000
296,000
283,000
196,000
221,000
212,000
213,000
248,000
259,000
266,000
287,000
290,000
305,000
345,000
260,000
206,000
224,000
245,000
245,000224,000206,000260,000345,000305,000290,000287,000266,000259,000248,000213,000212,000221,000196,000283,000296,000316,000290,000304,000390,000349,000330,000292,000257,000263,000243,000238,000219,000205,000187,000233,000257,000280,000278,000373,000588,000584,000504,000480,000448,000000
       Other Current Liabilities 
0
0
0
241,000
255,000
6,175,000
268,000
318,000
337,000
357,000
393,000
248,000
305,000
306,000
379,000
407,000
350,000
264,000
383,000
475,000
514,000
563,000
522,000
217,000
258,000
161,000
266,000
285,000
241,000
680,000
229,000
254,000
399,000
602,000
634,000
520,000
710,000
669,000
615,000
531,000
443,000
127,000
694,000
338,000
338,000694,000127,000443,000531,000615,000669,000710,000520,000634,000602,000399,000254,000229,000680,000241,000285,000266,000161,000258,000217,000522,000563,000514,000475,000383,000264,000350,000407,000379,000306,000305,000248,000393,000357,000337,000318,000268,0006,175,000255,000241,000000
   > Long-term Liabilities 
0
0
0
3,619,000
3,733,000
3,793,000
3,936,000
8,980,000
9,013,000
8,977,000
8,810,000
7,364,000
6,976,000
6,929,000
6,167,000
6,185,000
5,996,000
6,038,000
6,011,000
6,195,000
5,823,000
5,957,000
5,973,000
6,042,000
6,064,000
5,924,000
5,733,000
5,743,000
5,710,000
719,000
5,243,000
1,419,000
1,477,000
1,439,000
1,333,000
1,304,000
1,394,000
1,293,000
1,199,000
1,209,000
1,044,000
1,208,000
820,000
1,163,000
1,163,000820,0001,208,0001,044,0001,209,0001,199,0001,293,0001,394,0001,304,0001,333,0001,439,0001,477,0001,419,0005,243,000719,0005,710,0005,743,0005,733,0005,924,0006,064,0006,042,0005,973,0005,957,0005,823,0006,195,0006,011,0006,038,0005,996,0006,185,0006,167,0006,929,0006,976,0007,364,0008,810,0008,977,0009,013,0008,980,0003,936,0003,793,0003,733,0003,619,000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,897,000
4,878,000
4,861,000
0
4,516,000
597,000
588,000
589,000
589,000
589,000
590,000
591,000
591,000
592,000
592,000
593,000
589,000
0
0589,000593,000592,000592,000591,000591,000590,000589,000589,000589,000588,000597,0004,516,00004,861,0004,878,0004,897,00000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
828,000
814,000
686,000
5,212,000
787,000
855,000
819,000
706,000
678,000
769,000
668,000
576,000
565,000
549,000
551,000
566,000
0
0566,000551,000549,000565,000576,000668,000769,000678,000706,000819,000855,000787,0005,212,000686,000814,000828,000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,000
153,000
132,000
200,000
133,000
26,000
6,000
5,000
0
12,000
0
012,00005,0006,00026,000133,000200,000132,000153,00014,000000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
9,989,000
9,979,000
4,274,000
10,869,000
2,611,000
2,516,000
2,455,000
2,355,000
-916,000
-952,000
-1,045,000
-493,000
-557,000
-495,000
-539,000
-667,000
-814,000
-654,000
-789,000
-725,000
-247,000
-426,000
-408,000
-308,000
-296,000
-2,183,000
-2,452,000
-2,341,000
1,182,000
1,046,000
893,000
1,052,000
1,688,000
1,433,000
1,517,000
1,855,000
1,864,000
2,092,000
2,110,000
2,050,000
2,219,000
2,219,0002,050,0002,110,0002,092,0001,864,0001,855,0001,517,0001,433,0001,688,0001,052,000893,0001,046,0001,182,000-2,341,000-2,452,000-2,183,000-296,000-308,000-408,000-426,000-247,000-725,000-789,000-654,000-814,000-667,000-539,000-495,000-557,000-493,000-1,045,000-952,000-916,0002,355,0002,455,0002,516,0002,611,00010,869,0004,274,0009,979,0009,989,000000
   Common Stock
0
0
0
0
0
0
0
4,000
4,000
4,000
4,000
4,000
4,000
0
0
0
0
-539,000
0
-814,000
-763,000
-789,000
-725,000
-361,000
-426,000
0
0
-389,000
-2,183,000
0
-2,341,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000-2,341,0000-2,183,000-389,00000-426,000-361,000-725,000-789,000-763,000-814,0000-539,00000004,0004,0004,0004,0004,0004,0000000000
   Retained Earnings Total Equity
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-123,000
-217,000
-328,000
-225,000
475,000
286,000
463,000
876,000
938,000
1,219,000
1,295,000
0
0
001,295,0001,219,000938,000876,000463,000286,000475,000-225,000-328,000-217,000-123,0000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
-6,964,000
-22,000
-22,000
-22,000
-24,000
-24,000
-22,000
-20,000
-15,000
-12,000
-9,000
-7,000
-14,000
-11,000
-11,000
-10,000
-23,000
-21,000
-20,000
-20,000
-6,000
-6,000
-5,000
-5,000
-23,000
-23,000
-23,000
-23,000
-8,000
-8,000
-8,000
74,000
72,000
72,000
72,000
72,000
81,000
81,000
81,000
76,000
74,000
74,00076,00081,00081,00081,00072,00072,00072,00072,00074,000-8,000-8,000-8,000-23,000-23,000-23,000-23,000-5,000-5,000-6,000-6,000-20,000-20,000-21,000-23,000-10,000-11,000-11,000-14,000-7,000-9,000-12,000-15,000-20,000-22,000-24,000-24,000-22,000-22,000-22,000-6,964,000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,000,000
5,004,000
5,006,000
5,008,000
5,148,000
1,268,000
1,270,000
1,273,000
1,286,000
1,288,000
1,293,000
1,296,000
1,301,000
1,305,000
1,311,000
1,317,000
1,324,000
0
01,324,0001,317,0001,311,0001,305,0001,301,0001,296,0001,293,0001,288,0001,286,0001,273,0001,270,0001,268,0005,148,0005,008,0005,006,0005,004,0005,000,00000000000000000000000000000
   Treasury Stock00000-395,000-315,000-219,000-148,000-84,000-45,000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
16,953,000
10,001,000
4,296,000
10,891,000
4,748,000
4,757,000
4,766,000
4,772,000
4,778,000
4,789,000
4,837,000
4,841,000
4,861,000
4,867,000
4,871,000
4,875,000
4,879,000
5,039,000
4,985,000
4,983,000
5,101,000
4,989,000
4,994,000
5,000,000
5,097,000
5,006,000
5,008,000
5,148,000
1,312,000
1,270,000
1,228,000
1,202,000
1,140,000
1,074,000
981,000
906,000
844,000
791,000
733,000
720,000
725,000
725,000720,000733,000791,000844,000906,000981,0001,074,0001,140,0001,202,0001,228,0001,270,0001,312,0005,148,0005,008,0005,006,0005,097,0005,000,0004,994,0004,989,0005,101,0004,983,0004,985,0005,039,0004,879,0004,875,0004,871,0004,867,0004,861,0004,841,0004,837,0004,789,0004,778,0004,772,0004,766,0004,757,0004,748,00010,891,0004,296,00010,001,00016,953,000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue2,813,000
Cost of Revenue-1,487,000
Gross Profit1,326,0001,326,000
 
Operating Income (+$)
Gross Profit1,326,000
Operating Expense-432,000
Operating Income894,000894,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative267,000
Selling And Marketing Expenses0
Operating Expense432,000267,000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-56,000
Other Finance Cost-1,000
Net Interest Income-57,000
 
Pretax Income (+$)
Operating Income894,000
Net Interest Income-57,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)748,0001,040,000
EBIT - interestExpense = 838,000
748,000
620,000
Interest Expense56,000
Earnings Before Interest and Taxes (EBIT)894,000804,000
Earnings Before Interest and Taxes (EBITDA)1,165,000
 
After tax Income (+$)
Income Before Tax748,000
Tax Provision-139,000
Net Income From Continuing Ops459,000609,000
Net Income564,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,919,000
Total Other Income/Expenses Net-146,00057,000
 

Technical Analysis of California Resources Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of California Resources Corp. The general trend of California Resources Corp is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine California Resources Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of California Resources Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 57.64 < 57.75.

The bearish price targets are: 45.94 > 45.30 > 45.11.

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California Resources Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of California Resources Corp. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

California Resources Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of California Resources Corp. The current macd is 0.56982624.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the California Resources Corp price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for California Resources Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the California Resources Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
California Resources Corp Daily Moving Average Convergence/Divergence (MACD) ChartCalifornia Resources Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of California Resources Corp. The current adx is 12.35.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell California Resources Corp shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
California Resources Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of California Resources Corp. The current sar is 51.02.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
California Resources Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of California Resources Corp. The current rsi is 55.53. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
California Resources Corp Daily Relative Strength Index (RSI) ChartCalifornia Resources Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of California Resources Corp. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the California Resources Corp price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
California Resources Corp Daily Stochastic Oscillator ChartCalifornia Resources Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of California Resources Corp. The current cci is 62.77.

California Resources Corp Daily Commodity Channel Index (CCI) ChartCalifornia Resources Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of California Resources Corp. The current cmo is 13.31.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
California Resources Corp Daily Chande Momentum Oscillator (CMO) ChartCalifornia Resources Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of California Resources Corp. The current willr is -16.51434644.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
California Resources Corp Daily Williams %R ChartCalifornia Resources Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of California Resources Corp.

California Resources Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of California Resources Corp. The current atr is 1.88217095.

California Resources Corp Daily Average True Range (ATR) ChartCalifornia Resources Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of California Resources Corp. The current obv is 15,703,654.

California Resources Corp Daily On-Balance Volume (OBV) ChartCalifornia Resources Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of California Resources Corp. The current mfi is 74.45.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
California Resources Corp Daily Money Flow Index (MFI) ChartCalifornia Resources Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for California Resources Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-06MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-09RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2023-11-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-18BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-26STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-02MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-17MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

6.3. Candlestick Patterns

California Resources Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of California Resources Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.527
Ma 20Greater thanMa 5053.195
Ma 50Greater thanMa 10052.204
Ma 100Greater thanMa 20051.916
OpenGreater thanClose53.250
Total4/5 (80.0%)
Penke

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