=California Resources Corp (CRC) reported earnings on Thur 31 Oct 19 (a/h)

California Resources Corp beats by $0.85, beats on revs 

Reports Q3 (Sep) earnings of $0.35 per share, excluding non-recurring items, $0.85 better than the S&P Capital IQ Consensus of ($0.50); revenues fell 17.8% year/year to $681 mln vs the $620.31 mln S&P Capital IQ Consensus. Adjusted EBITDAX for the third quarter of 2019 was $278 million and cash provided by operating activities was $268 million. Total daily production volumes decreased 6% year-over-year, from 136,000 BOE per day for the third quarter of 2018 to 128,000 BOE per day for the third quarter of 2019.

CRC expects its 2019 internally funded capital program will range from $385 million to $400 million, of which $345 million has been invested through the third quarter of 2019.

=California Resources Corp (CRC) reported earnings on Thur 1 Nov 2018 (a/h)

California Resources Corp beats by $0.07, beats on revs

• Reports Q3 (Sep) earnings of $0.81 per share, $0.07 better than the S&P Capital IQ Consensus of $0.74; revenues rose 86.1% year/year to $828 mln vs the $689.83 mln S&P Capital IQ Consensus
• Co produced 136,000 BOE per day, which reflects an increase of 6% over the prior year period and the midpoint of the previous guidance range

Looking ahead:

• Co issued fourth quarter of 2018 production guidance of 136,000 to 139,000 BOE per day reflecting continued production growth

-=California Resources (CRC) reported earnings on Mon 6 Nov 2017 (a/h)

California Resources Corp beats by $0.37, misses on revs 

• Reports Q3 (Sep) loss of $1.22 per share, excluding non-recurring items, $0.37 better than the Capital IQ Consensus of ($1.59); revenues fell 0.2% year/year to $455 mln vs the $476.87 mln Capital IQ Consensus.
• Adjusted EBITDA for the third quarter of 2017 was $181 million compared with $164 million for the third quarter of 2016.
• Total daily production volumes averaged 128,000 barrels of oil equivalent (BOE) per day for the third quarter of 2017, a decrease of 7 percent from 138,000 BOE per day for the third quarter of 2016. Total daily production decreased 1,000 BOE per day, or less than 1 percent, from the second quarter of 2017. 

This week's biggest % winners & losers : Sept 18 - 22, 17 (wk 38)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: ALNY (113.8 +49.32%), QDEL (43.1 +20.36%), LJPC (37.21 +18.2%), AXON (24.99 +17.1%), MCRB (16.75 +14.18%)
• Materials: CCC (21.4 +60.9%)
• Industrials: OA (132.64 +20.54%), AJRD (33.89 +19.63%), MTOR (26.4 +16.92%), CUB (51.6 +16.35%), HTZ (23.55 +14.49%)
• Information Technology: SSNI (16.18 +24.46%)
• Energy: SDRL (0.39 +64.84%), PGH (0.94 +50.62%), FMSA (4.19 +21.45%), CRC (10.18 +19.62%), EMES (9.17 +15.64%), TGS (20 +14.88%), CVE (10.28 +13.72%)
• Consumer Staples: REV (19.9 +23.99%)

This week's top 20 % losers

• Healthcare: ICPT (61.59 -35.09%), SUPN (39 -20.49%), KND (6.25 -13.79%), MNKD (1.98 -13.54%), IONS (51.32 -13.35%), NLNK (10.99 -13.26%), AERI (50.95 -12.61%)
• Materials: MUX (2.06 -20.16%), SBGL (4.69 -15.04%), CMP (60.1 -13.71%), HMY (1.86 -13.08%), KGC (4.25 -11.83%)
• Industrials: RUN (5.59 -16.82%), HDSN (7.94 -13.32%)
• Consumer Discretionary: BBBY (22.51 -21.49%), PIR (4.15 -20.19%), MMYT (28.45 -16.2%), RCII (10.8 -13.88%)
• Information Technology: SNCR (9.2 -42.89%), GOGO (12.45 -11.76%)

Long trade : CRC +25% (9/17)

• An independent producer of oil and natural gas in California
• Headquarters: California
• Founded: 2014,  a spin-off of Occidental Petroleum (OXY)
• crc.com

• 12 Sept.:  #7, 8, 83, 97;  vol. 1.9M  →   +25%
• 13 Sept: Rick's reco

One week later:

  

Description

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.

Key stats and ratios

	Q2 (Jun '17)	2016
Net profit margin	-9.11%	18.03%
Operating margin	7.56%	37.36%
EBITD margin	-	21.46%
Return on average assets	-3.04%	4.16%
Return on average equity	-	-
Employees	2,000

Long trade : CRC +100% (3/16)

• 2 days earlier:

Long trade : CRC +100% (10/15)