California Resources Corporation (CRC): Price Target and June Short Interest Disclosure

California Resources Corporation (CRC) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $20. The average forecast of all the analysts is $21.67 and the expected standard deviation is $2.89.

California Resources Corporation (CRC), A increase of 3,334,683 shares or 48.3% was observed in the short interest of California Resources Corporati The interest on June 30,2016 came in at 10,233,048 shares and as per the average daily trading of 4,041,603 shares, the days to cover are 3. The increased interest is 27.1% of the floated shares. The data of June 15,2016 put the interest at 6,898,365 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


California Resources Corporation (NYSE:CRC): On Thursdays trading session , Opening price of the stock was $15.09 with an intraday high of $15.17. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.87. However, the stock managed to close at $13.95, a loss of 4.32% for the day. On the previous day, the stock had closed at $14.58. The total traded volume of the day was 2,134,844 shares.

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, operating properties exclusively within the State of California. The Company has a mineral acreage consisting of approximately 2.4 million net acres spanning the states four oil and gas basins. The Companys four oil and gas basins include San Joaquin Basin, Los Angeles Basin, Ventura Basin and Sacramento Basin. It operates an average of approximately 26 drilling rigs across the state. It drilled approximately 1,048 development wells with approximately 847 wells in the San Joaquin basin, approximately 177 in the Los Angeles basin, approximately 21 in the Ventura basin and approximately 3 in the Sacramento basin. It also drilled approximately 9 exploration wells in the San Joaquin basin, approximately 4 in the Ventura basin and 1 in the Sacramento basin.

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