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California Resources (CRC) Competitors

California Resources logo
$58.12 +0.45 (+0.78%)
(As of 11/20/2024 ET)

CRC vs. PR, OVV, AR, VNOM, SUN, HESM, BP, CHRD, MGY, and VVV

Should you be buying California Resources stock or one of its competitors? The main competitors of California Resources include Permian Resources (PR), Ovintiv (OVV), Antero Resources (AR), Viper Energy (VNOM), Sunoco (SUN), Hess Midstream (HESM), BP (BP), Chord Energy (CHRD), Magnolia Oil & Gas (MGY), and Valvoline (VVV). These companies are all part of the "petroleum and natural gas" industry.

California Resources vs.

California Resources (NYSE:CRC) and Permian Resources (NYSE:PR) are both oils/energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, risk, dividends, institutional ownership, community ranking, analyst recommendations, profitability, earnings and media sentiment.

California Resources pays an annual dividend of $1.55 per share and has a dividend yield of 2.7%. Permian Resources pays an annual dividend of $0.60 per share and has a dividend yield of 3.9%. California Resources pays out 24.4% of its earnings in the form of a dividend. Permian Resources pays out 36.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

97.8% of California Resources shares are owned by institutional investors. Comparatively, 91.8% of Permian Resources shares are owned by institutional investors. 0.6% of California Resources shares are owned by company insiders. Comparatively, 12.8% of Permian Resources shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Permian Resources has a net margin of 21.20% compared to California Resources' net margin of 17.43%. California Resources' return on equity of 12.16% beat Permian Resources' return on equity.

Company Net Margins Return on Equity Return on Assets
California Resources17.43% 12.16% 6.15%
Permian Resources 21.20%11.15%6.93%

California Resources presently has a consensus target price of $65.50, suggesting a potential upside of 12.70%. Permian Resources has a consensus target price of $18.93, suggesting a potential upside of 22.55%. Given Permian Resources' stronger consensus rating and higher possible upside, analysts plainly believe Permian Resources is more favorable than California Resources.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
California Resources
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.90
Permian Resources
0 Sell rating(s)
2 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.94

California Resources has a beta of 0.98, meaning that its share price is 2% less volatile than the S&P 500. Comparatively, Permian Resources has a beta of 4.34, meaning that its share price is 334% more volatile than the S&P 500.

California Resources received 313 more outperform votes than Permian Resources when rated by MarketBeat users. However, 62.89% of users gave Permian Resources an outperform vote while only 61.21% of users gave California Resources an outperform vote.

CompanyUnderperformOutperform
California ResourcesOutperform Votes
374
61.21%
Underperform Votes
237
38.79%
Permian ResourcesOutperform Votes
61
62.89%
Underperform Votes
36
37.11%

California Resources has higher earnings, but lower revenue than Permian Resources. California Resources is trading at a lower price-to-earnings ratio than Permian Resources, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
California Resources$2.80B1.41$564M$6.359.15
Permian Resources$4.83B2.57$476.31M$1.659.36

In the previous week, Permian Resources had 18 more articles in the media than California Resources. MarketBeat recorded 24 mentions for Permian Resources and 6 mentions for California Resources. Permian Resources' average media sentiment score of 1.00 beat California Resources' score of 0.46 indicating that Permian Resources is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
California Resources
3 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Permian Resources
14 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Permian Resources beats California Resources on 15 of the 21 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CRC vs. The Competition

MetricCalifornia ResourcesCrude petroleum & natural gas IndustryEnergy SectorNYSE Exchange
Market Cap$3.95B$8.54B$8.57B$19.88B
Dividend Yield2.74%23.61%11.58%3.52%
P/E Ratio9.1511.7817.3842.94
Price / Sales1.416.03123.4019.18
Price / Cash6.507.009.6517.86
Price / Book1.801.803.365.52
Net Income$564M$1.20B$952.17M$986.45M
7 Day Performance-0.48%-0.01%0.37%0.45%
1 Month Performance15.32%7.26%2.05%1.05%
1 Year Performance12.64%-0.42%5.05%24.67%

California Resources Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CRC
California Resources
4.5065 of 5 stars
$58.12
+0.8%
$65.50
+12.7%
+12.0%$3.95B$2.80B9.151,060
PR
Permian Resources
4.8373 of 5 stars
$15.45
+2.1%
$18.93
+22.5%
+16.1%$12.15B$3.12B9.36461Analyst Forecast
Analyst Revision
OVV
Ovintiv
4.5033 of 5 stars
$45.75
+2.6%
$56.71
+23.9%
+1.9%$11.61B$10.88B6.071,743Analyst Forecast
Analyst Revision
AR
Antero Resources
3.1444 of 5 stars
$33.19
+4.0%
$32.83
-1.1%
+31.6%$10.33B$4.68B237.07590
VNOM
Viper Energy
2.9976 of 5 stars
$54.01
+1.5%
$51.63
-4.4%
+76.9%$10.03B$827.70M23.18711Dividend Announcement
Analyst Forecast
Positive News
SUN
Sunoco
2.0499 of 5 stars
$53.47
-0.7%
$62.25
+16.4%
-0.2%$8.20B$23.07B12.292,389
HESM
Hess Midstream
2.4207 of 5 stars
$36.07
-0.7%
$38.67
+7.2%
+14.7%$7.92B$1.35B15.28200Positive News
BP
BP
4.1875 of 5 stars
$29.08
-0.1%
$42.73
+46.9%
-19.0%$7.87B$195.57B30.6187,800Analyst Revision
CHRD
Chord Energy
4.8202 of 5 stars
$129.84
+1.5%
$188.45
+45.1%
-19.7%$7.82B$3.90B6.69530Dividend Announcement
Analyst Forecast
MGY
Magnolia Oil & Gas
2.559 of 5 stars
$27.71
+1.5%
$27.67
-0.2%
+27.4%$5.36B$1.23B13.72247Analyst Revision
VVV
Valvoline
3.7829 of 5 stars
$38.48
-0.4%
$46.25
+20.2%
+11.4%$4.98B$1.62B23.7510,900Analyst Forecast
News Coverage

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This page (NYSE:CRC) was last updated on 11/21/2024 by MarketBeat.com Staff
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