West Oak Capital closed out its position in California Resources Corp (NYSE:CRC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm previously had a 110 share position in the company, valued at approximately $141. West Oak Capital was fully divested from the company by the time it had filed its quarterly disclosure with the SEC.

California Resources Corp (NYSE:CRC) traded up 5.74% during midday trading on Thursday, hitting $1.29. 13,078,305 shares of the stock traded hands. The company’s market cap is $500.31 million. The company’s 50-day moving average is $1.87 and its 200-day moving average is $3.39. California Resources Corp has a one year low of $0.89 and a one year high of $9.86.

California Resources Corp (NYSE:CRC) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.06. The firm had revenue of $626 million for the quarter, compared to analysts’ expectations of $556.95 million. Equities research analysts expect that California Resources Corp will post ($0.87) EPS for the current fiscal year.

Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of California Resources Corp from a “hold” rating to a “sell” rating in a report on Wednesday, November 4th. Susquehanna started coverage on shares of California Resources Corp in a research note on Thursday, October 29th. They issued a “neutral” rating and a $4.00 price target for the company. Ladenburg Thalmann started coverage on shares of California Resources Corp in a research note on Monday, November 23rd. They issued a “buy” rating and a $7.00 price target for the company. Finally, BTIG Research restated a “buy” rating and issued a $6.00 price target on shares of California Resources Corp in a research note on Tuesday, November 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.70.

California Resources Corporation (NYSE:CRC) is an independent oil and natural gas exploration and production company, operating properties exclusively within the State of California. The Company has a mineral acreage consisting of approximately 2.4 million net acres spanning the state’s four oil and gas basins. The Company’s four oil and gas basins include San Joaquin Basin, Los Angeles Basin, Ventura Basin and Sacramento Basin. It operates an average of approximately 26 drilling rigs across the state. It drilled approximately 1,048 development wells with approximately 847 wells in the San Joaquin basin, approximately 177 in the Los Angeles basin, approximately 21 in the Ventura basin and approximately 3 in the Sacramento basin. It also drilled approximately 9 exploration wells in the San Joaquin basin, approximately 4 in the Ventura basin and 1 in the Sacramento basin.

12 Month Chart for NYSE:CRC

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