California Resources (CRC) EPS Estimated At $-0.83; Letko Brosseau & Associates Lifted Bank Montreal Que (BMO) Holding By $5.15 Million

May 2, 2018 - By Hazel Jackson

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Analysts expect California Resources Corporation (NYSE:CRC) to report $-0.83 EPS on May, 3 after the close.They anticipate $0.19 EPS change or 18.63% from last quarter’s $-1.02 EPS. After having $-0.33 EPS previously, California Resources Corporation’s analysts see 151.52% EPS growth. The stock decreased 3.89% or $0.99 during the last trading session, reaching $24.46. About 2.05 million shares traded or 10.65% up from the average. California Resources Corporation (NYSE:CRC) has risen 26.38% since May 2, 2017 and is uptrending. It has outperformed by 14.83% the S&P500.

Letko Brosseau & Associates Inc increased Bank Montreal Que (BMO) stake by 1.25% reported in 2017Q4 SEC filing. Letko Brosseau & Associates Inc acquired 64,400 shares as Bank Montreal Que (BMO)’s stock declined 5.54%. The Letko Brosseau & Associates Inc holds 5.24M shares with $420.32 million value, up from 5.17 million last quarter. Bank Montreal Que now has $49.11B valuation. The stock increased 0.07% or $0.05 during the last trading session, reaching $75.98. About 295,185 shares traded. Bank of Montreal (NYSE:BMO) has risen 0.84% since May 2, 2017 and is uptrending. It has underperformed by 10.71% the S&P500.

Among 8 analysts covering California Resources Corporation (NYSE:CRC), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. California Resources Corporation had 26 analyst reports since August 24, 2015 according to SRatingsIntel. Bank of America downgraded California Resources Corporation (NYSE:CRC) on Friday, June 30 to “Underperform” rating. Susquehanna maintained California Resources Corporation (NYSE:CRC) rating on Monday, March 5. Susquehanna has “Hold” rating and $16.0 target. The stock of California Resources Corporation (NYSE:CRC) earned “Hold” rating by Susquehanna on Thursday, April 19. The company was downgraded on Friday, April 27 by Societe Generale. The firm has “Buy” rating given on Tuesday, November 7 by Societe Generale. Imperial Capital upgraded California Resources Corporation (NYSE:CRC) rating on Monday, February 12. Imperial Capital has “Buy” rating and $26.0 target. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, November 22. The stock of California Resources Corporation (NYSE:CRC) has “Neutral” rating given on Tuesday, January 26 by Susquehanna. The firm has “Neutral” rating by Bank of America given on Thursday, January 4. The company was maintained on Wednesday, November 8 by Imperial Capital.

Investors sentiment increased to 0.5 in Q4 2017. Its up 0.17, from 0.33 in 2017Q3. It increased, as 2 investors sold California Resources Corporation shares while 0 reduced holdings. 0 funds opened positions while 1 raised stakes. 197,048 shares or 0.05% less from 197,142 shares in 2017Q3 were reported. Research Mngmt holds 0% or 2 shares. Adams Asset Advsrs Ltd Limited Liability Company stated it has 0.47% of its portfolio in California Resources Corporation (NYSE:CRC). Gemmer Asset Lc reported 27 shares or 0% of all its holdings. Moreover, Vantage Investment Ltd Co has 0% invested in California Resources Corporation (NYSE:CRC). Cypress Mgmt Limited Co (Wy) invested 0% of its portfolio in California Resources Corporation (NYSE:CRC). Messner And Smith Theme Value Limited Ca reported 2 shares.

California Resources Corporation operates as an oil and natural gas exploration and production firm in the State of California. The company has market cap of $1.11 billion. It produces and markets crude oil, natural gas, and natural gas liquids. It currently has negative earnings. The firm holds interests in approximately 2.3 million net acres of mineral acreage.

California Resources Corporation (NYSE:CRC) Ratings Chart

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