(CRC) California Resources - Ratings and Ratios

California Resources Corporation is a US-based independent energy company with a dual focus on hydrocarbon production and carbon management. The company operates in California, exploring, developing, and producing crude oil, condensate, natural gas liquids, and natural gas, primarily supplying to local refineries and marketers. Its business is divided into two main segments: Oil and Natural Gas, and Carbon Management, with the latter offering Carbon TerraVault solutions that encompass CO2 capture, transportation, and storage infrastructure.

Beyond its core operations, California Resources Corporation also owns and operates power generation facilities, including smaller gas-fired power plants that provide electricity for its oil and natural gas operations, enhancing its energy self-sufficiency and potentially reducing operational costs. With its incorporation in 2014 and headquarters in Long Beach, California, the company has established itself as a significant player in the states energy landscape.

Analyzing the companys , we observe that the stock has shown resilience, with a current price of $44.76, above its 20-day and 50-day Simple Moving Averages (SMA) of $43.21 and $39.21, respectively. However, it remains below its 200-day SMA of $47.32, indicating a potential longer-term downtrend. The Average True Range (ATR) stands at 1.35, or 3.01% of the current price, suggesting moderate volatility. Given the 52-week high and low of $58.11 and $32.11, the stock is currently nearing the lower end of its recent range, potentially indicating a buying opportunity.

From a perspective, California Resources Corporation has a market capitalization of approximately $3.8 billion, with a price-to-earnings (P/E) ratio of 7.09 and a forward P/E of 13.12. The Return on Equity (RoE) stands at 15.90%, indicating a relatively healthy profitability margin. Considering these metrics alongside the technical indicators, a forecast could be that the stock may experience a rebound, driven by its undervaluation indicated by the low P/E ratio and its potential for growth in the carbon management segment. If the stock price moves towards its 200-day SMA of $47.32, it could represent a significant upside of about 5.3% from current levels, making it a potential candidate for investment.

Forecasting further, if California Resources Corporation can capitalize on its Carbon TerraVault solutions and continue to optimize its oil and gas operations, it may see an improvement in its forward P/E ratio as market expectations for its earnings growth adjust positively. This could potentially drive the stock price higher, towards or even beyond its 52-week high, provided that the overall market conditions and commodity prices remain favorable.