California Resources Corporation (CRC) Soars 6.07% on March 12

California Resources Corporation (CRC) Soars 6.07% on March 12

California Resources Corporation (CRC) had a good day on the market for Tuesday March 12 as shares jumped 6.07% to close at $22.55. About 2.68 million shares traded hands on 15,934 trades for the day, compared with an average daily volume of 2.3 million shares out of a total float of 48.65 million. After opening the trading day at $21.53, shares of California Resources Corporation stayed within a range of $22.64 to $21.50.

With today’s gains, California Resources Corporation now has a market cap of $1.1 billion.

The stock has a P/E Ratio of 3.2. Shares of California Resources Corporation have been trading within a range of $50.34 and $13.48 over the last year, and it had a 50-day SMA of $20.43 and a 200-day SMA of $31.31.

California Resources produces oil and natural gas in California. At the end of 2018, the company reported net proved reserves of 618 million barrels of oil equivalent. Net production averaged 132 thousand barrels of oil equivalent per day in 2018 at a ratio of 75% oil and natural gas liquids and 25% natural gas.

California Resources Corporation is based out of Santa Clarita, CA and has some 1,500 employees. Its CEO is Todd A. Stevens.

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