California Resources (NYSE: CRC) is one of 203 publicly-traded companies in the “Oil & Gas Exploration and Production” industry, but how does it compare to its competitors? We will compare California Resources to related businesses based on the strength of its earnings, valuation, dividends, institutional ownership, analyst recommendations, profitability and risk.
Risk and Volatility
California Resources has a beta of 6.52, meaning that its share price is 552% more volatile than the S&P 500. Comparatively, California Resources’ competitors have a beta of 1.45, meaning that their average share price is 45% more volatile than the S&P 500.
This is a summary of current ratings and recommmendations for California Resources and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|California Resources Competitors||1415||7269||11669||242||2.52|
California Resources currently has a consensus target price of $13.33, suggesting a potential downside of 17.18%. As a group, “Oil & Gas Exploration and Production” companies have a potential upside of 36.00%. Given California Resources’ competitors stronger consensus rating and higher probable upside, analysts plainly believe California Resources has less favorable growth aspects than its competitors.
Insider and Institutional Ownership
75.6% of California Resources shares are owned by institutional investors. Comparatively, 61.4% of shares of all “Oil & Gas Exploration and Production” companies are owned by institutional investors. 0.9% of California Resources shares are owned by company insiders. Comparatively, 12.0% of shares of all “Oil & Gas Exploration and Production” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Valuation and Earnings
This table compares California Resources and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|California Resources||$1.55 billion||$279.00 million||-3.32|
|California Resources Competitors||$1.95 billion||-$467.50 million||-32.57|
California Resources’ competitors have higher revenue, but lower earnings than California Resources. California Resources is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
This table compares California Resources and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|California Resources Competitors||-307.32%||24.08%||2.31%|
California Resources competitors beat California Resources on 8 of the 12 factors compared.
About California Resources
California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced approximately 140 thousand barrels of oil equivalent per day (MBoe/d), as of December 31, 2016. As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe). As of December 31, 2016, it drilled 42 development wells with 37 wells in the San Joaquin basin and five in the Los Angeles basin, which included over 30 steamflood and eight waterflood wells. As of December 31, 2016, the Company produced 36 billion barrels of oil equivalent (BBoe), including approximately 20 BBoe in the San Joaquin basin, 11 BBoe in the Los Angeles basin, three BBoe in the Ventura basin and 10 trillion cubic feet (Tcf) of natural gas in the Sacramento basin. Its operations included 135 fields with 8,837 gross active wellbores, as of December 31, 2016.
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