California Resources (CRC)
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Best Income Stocks to Buy for Oct. 20
ZACKS· 2025-10-20 10:01
Core Insights - Three stocks with strong income characteristics and buy rank are highlighted for investors to consider on October 20 Group 1: HF Sinclair Corporation (DINO) - The Zacks Consensus Estimate for HF Sinclair's current year earnings has increased by 53.6% over the last 60 days [1] - The company has a dividend yield of 3.9%, which is higher than the industry average of 3.2% [1] Group 2: Polaris Inc. (PII) - Polaris has seen the Zacks Consensus Estimate for its current year earnings rise by 70% over the last 60 days [2] - The company offers a dividend yield of 4%, significantly above the industry average of 0.0% [2] Group 3: California Resources Corporation (CRC) - The Zacks Consensus Estimate for California Resources' current year earnings has increased by 5.5% over the last 60 days [2] - The company has a dividend yield of 3.3%, compared to the industry average of 0.0% [3]
California Resources Corporation Breaks Ground on California's First Carbon Capture and Storage Project
Globenewswire· 2025-10-16 21:00
Core Insights - California Resources Corporation (CRC) has initiated the groundbreaking for Carbon TerraVault I (CTV I), marking a significant step towards California's clean energy future and its goal of carbon neutrality by 2045 [1][2] Project Overview - CTV I is California's first carbon capture and storage (CCS) project, designed to reduce emissions and support the state's sustainability goals [1][2] - The project will utilize existing facilities at CRC's Elk Hills, with a CO₂ storage capacity of up to 1.6 million metric tons annually and a total potential of 38 million metric tons in the 26R reservoir [2] Strategic Importance - CTV I is a cornerstone of California's emerging CCS industry and has received final Class VI permits from the U.S. Environmental Protection Agency, setting a new standard for CCS deployment in the state [3] - The project is part of a joint venture between CRC and Brookfield, with CRC holding a 51% stake [8] Economic and Environmental Impact - The project is expected to create high-quality jobs in the Central Valley while contributing to environmental sustainability [3] - Brookfield has invested over half a trillion dollars in infrastructure across the U.S., highlighting the significance of CTV I within its broader energy investment strategy [4] Community Engagement - Local leaders, including Taft Mayor Dave Noerr, emphasize the project's role in continuing the region's legacy of energy innovation and environmental responsibility [4]
California Resources (CRC) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-10-16 17:01
California Resources Corporation (CRC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estima ...
Best Value Stock to Buy for Oct. 16th
ZACKS· 2025-10-16 14:06
Core Insights - Three stocks with strong buy rankings and value characteristics are highlighted for investors: Weatherford International, Federated Hermes, and California Resources Weatherford International (WFRD) - The company specializes in drilling solutions, gas well unloading, restoration, and related activities [1] - It has a Zacks Rank of 1 (Strong Buy) and a 11% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - The price-to-earnings (P/E) ratio is 11.83, significantly lower than the industry average of 17.30 [2] - Weatherford possesses a Value Score of A [2] Federated Hermes (FHI) - This global asset manager provides investment advisory, administrative, and distribution services for various investment products [3] - It also holds a Zacks Rank of 1 and has seen a 2.2% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - The P/E ratio stands at 11.33, compared to the industry average of 12.90 [4] - Federated Hermes has a Value Score of B [4] California Resources (CRC) - The company focuses on oil and natural gas exploration and production, primarily based in California [5] - It carries a Zacks Rank of 1 and has experienced a 5.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [5] - The P/E ratio is 11.41, well below the industry average of 43.10 [5] - California Resources also has a Value Score of B [5]
Best Income Stocks to Buy for Oct. 16th
ZACKS· 2025-10-16 13:31
Core Insights - Three stocks are highlighted with a buy rank and strong income characteristics for investors to consider on October 16th Group 1: TIM (TIMB) - The company offers mobile cellular service throughout Brazil and has seen a 3.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - It holds a Zacks Rank 1 (Strong Buy) and has a dividend yield of 4.4%, which is higher than the industry average of 2.6% [1] Group 2: Banco Bilbao Viscaya Argentaria (BBVA) - Engaged in a variety of banking and financial activities in Spain, BBVA has experienced a 1.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - The company also holds a Zacks Rank 1 (Strong Buy) with a dividend yield of 4.1%, surpassing the industry average of 3.1% [2] Group 3: California Resources (CRC) - This oil and natural gas exploration and production company, primarily operating in California, has seen a 5.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - CRC has a Zacks Rank 1 (Strong Buy) and offers a dividend yield of 3.2%, compared to an industry average of 0.0% [3]
New Strong Buy Stocks for Oct. 16: LASR, PLAB, and More
ZACKS· 2025-10-16 11:30
Group 1 - nLight (LASR) has seen a 50% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Photronics (PLAB) has experienced an 8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Weatherford International (WFRD) has seen a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - California Resources (CRC) has experienced a 5.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Dycom Industries (DY) has seen a 5.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]
Why California Resources (CRC) is Poised to Beat Earnings Estimates Again
ZACKS· 2025-10-13 17:11
Core Insights - California Resources Corporation (CRC) is well-positioned to continue its earnings-beat streak, particularly in the upcoming earnings report [1] - The company has a history of beating earnings estimates, with an average surprise of 24.90% over the last two quarters [1] Earnings Performance - For the most recent quarter, California Resources reported earnings of $1.1 per share, exceeding the expected $0.91 per share, resulting in a surprise of 20.88% [2] - In the previous quarter, the company reported $1.07 per share against an expectation of $0.83 per share, achieving a surprise of 28.92% [2] Earnings Estimates and Predictions - Estimates for California Resources have been trending higher, influenced by its history of earnings surprises [5] - The company currently has a positive Earnings ESP of +3.87%, indicating bullish sentiment among analysts regarding its earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat in the upcoming report [8] Earnings ESP Insights - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]
Canter Resources Announces Closing of Non-Brokered Private Placement
Newsfile· 2025-10-10 20:30
Core Points - Canter Resources Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $1,050,000 through the issuance of 5,250,000 units at a price of $0.20 per unit [1][2] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant exercisable at a price of $0.26 for two years [2] - The company plans to use the net proceeds to advance its Columbus Lithium-Boron Project and Railroad Valley Lithium-Boron Project, evaluate additional projects, and for general working capital [3] Company Overview - Canter Resources Corp. is a junior mineral exploration company focused on advancing the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project in Nevada, USA [5] - The company is employing a phased drilling approach at Columbus to test brine targets for lithium-boron enrichment and aims to build a portfolio of high-quality projects to support technology and clean energy supply chains in North America [5] Insider Participation - Insiders of the company purchased 225,000 units in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [4]
Looking At California Resources's Recent Unusual Options Activity - California Resources (NYSE:CRC)
Benzinga· 2025-10-09 17:01
Core Insights - Investors are showing a bullish sentiment towards California Resources (NYSE: CRC), with significant options trading activity indicating potential upcoming developments [1][2] - The overall sentiment among large traders is predominantly bullish, with 75% of trades being calls and only 12% being puts [2] - Analysts have set a target price range for California Resources between $66 and $70, reflecting positive expectations for the stock [12][13] Options Trading Activity - A total of 8 options trades were detected for California Resources, with a total call volume of $1,337,373 compared to a put volume of $61,025 [2] - The projected price targets based on options trading suggest a focus on a price range from $27.5 to $62.5 over the last three months [3] - The mean open interest for options trades today is reported at 0.0, with a total volume of 2,510 [4] Company Overview - California Resources Corp is an independent oil and natural gas exploration and production company operating exclusively in California, emphasizing affordable and reliable energy [11] - The company is noted for having one of the lowest carbon intensity productions in the U.S. and is focused on decarbonization through carbon capture and storage (CCS) projects [11] - Current trading volume for CRC is 294,714, with a price of $53.03, reflecting a decrease of 0.62% [15]
OMV records lower energy prices in third quarter
Reuters· 2025-10-09 05:41
Core Insights - Austrian oil and gas group OMV reported a decrease in average energy prices for the third quarter of 2025, indicating a challenging market environment [1] Summary by Category Company Performance - OMV experienced a 6% decline in average natural gas prices compared to the previous quarter, reflecting broader trends in the energy market [1]