CRC or RRC: Which Is the Better Value Stock Right Now?

Core Insights - California Resources Corporation (CRC) and Range Resources (RRC) are two stocks in the Oil and Gas - Exploration and Production sector in the United States, with CRC currently presenting a better value opportunity compared to RRC [1][7]. Valuation Metrics - CRC has a forward P/E ratio of 11.16, while RRC has a forward P/E of 11.68, indicating that CRC is relatively cheaper [5]. - The PEG ratio for CRC is 0.95, suggesting a favorable valuation considering its expected earnings growth, whereas RRC has a significantly higher PEG ratio of 4.49 [5]. - CRC's P/B ratio stands at 0.88, which is lower than RRC's P/B ratio of 2.34, further indicating that CRC may be undervalued [6]. Earnings Outlook - CRC is experiencing an improving earnings outlook, which contributes to its stronger Zacks Rank of 2 (Buy), compared to RRC's Zacks Rank of 3 (Hold) [3][7].