On December 12, 2024, Omar Hayat, Executive Vice President - Operations at California Resources Corp (CRC, Financial), sold 16,016 shares of the company. Following this transaction, the insider now owns 30,940 shares of the company. This transaction is documented in the SEC Filing.
California Resources Corp (CRC) is an independent oil and natural gas exploration and production company. The company operates in California and focuses on conventional and unconventional assets. It is involved in the production of oil, natural gas, and natural gas liquids.
The insider transaction history for California Resources Corp shows that there have been 2 insider buys and 8 insider sells over the past year. Over the same period, Omar Hayat has sold a total of 16,016 shares and purchased 0 shares.
On the day of the recent sale, shares of California Resources Corp were trading at $55.18 each, giving the stock a market cap of $5.018 billion. The company's price-earnings ratio is 8.65, which is lower than the industry median of 11.58 but higher than the company’s historical median price-earnings ratio.
With a trading price of $55.18 and a GF Value of $43.92, California Resources Corp has a price-to-GF-Value ratio of 1.26, indicating that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
