California Resources (CRC) Downgraded by Zacks Investment Research to Sell

Lloyd Doyle
January 13, 2018

Chapter Iv Investors Llc bought 225,000 shares as the company's stock declined 18.29% while stock markets rallied. Of those insider trades, 7,551 shares of California Resources Corporation were purchased and 1,669 shares were sold. The company has market cap of $960.46 million. The debt is now trading at $89.00 and was trading at $89.00 last week. About 985,163 shares traded. California Resources Corporation (NYSE:CRC) has declined 15.53% since January 11, 2017 and is downtrending. It has underperformed by 52.75% the S&P500. The stock has a market capitalization of $886.94, a price-to-earnings ratio of -4.14 and a beta of 6.63. California Public Employees Retirement System now owns 335,911 shares of the oil and gas producer's stock worth $3,514,000 after acquiring an additional 23,605 shares during the period. Coldstream Capital Management Inc who had been investing in Avista Corp for a number of months, seems to be less bullish one the $3.33B market cap company.

In other Antero Resources news, insider Kevin J. Kilstrom sold 82,760 shares of the company's stock in a transaction dated Friday, November 10th. It has underperformed by 53.51% the S&P500.

Investors sentiment increased to 1.33 in Q3 2017. Its down 0.19, from 1.36 in 2017Q2. 43 funds opened positions while 48 raised stakes. Ohio-based Bartlett And Limited Liability Company has invested 0% in MFS Intermediate Income Trust (NYSE:MIN). Wells Fargo Mn holds 0.01% of its portfolio in MFS Intermediate Income Trust (NYSE:MIN) for 9.75M shares. Moreover, Advsrs Asset Management has 0% invested in Avista Corporation (NYSE:AVA). Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. Paloma Management accumulated 0.12% or 446,966 shares. Dimensional Fund Advisors Lp has invested 0.02% in Tenet Healthcare Corporation (NYSE:THC). Smith Salley Assocs invested in 0.01% or 18,325 shares. Naples Glob Advsrs Ltd Com has invested 0.5% in Avista Corporation (NYSE:AVA).

TETRA Technologies, Inc. (NYSE:TTI) closed up +0.18 points or 4.36% at $4.31 with 1.45 mln shares exchanging hands. Warburg Pincus Lc reported 56.71M shares stake. It also increased its holding in Ishares Tr (MUB) by 94,080 shares in the quarter, for a total of 196,188 shares, and has risen its stake in Weyerhaeuser Co (NYSE:WY). They expect $0.05 EPS, down 68.75% or $0.11 from last year's $0.16 per share. AR's profit will be $15.78 million for 99.35 P/E if the $0.05 EPS becomes a reality. The shares of the corporation went up by 29.27% during the previous month.

Among 7 analysts covering California Resources Corporation (NYSE:CRC), 3 have Buy rating, 0 Sell and 4 Hold.

Other analysts have also issued reports about the company. On Wednesday, April 19 the stock rating was maintained by Scotia Capital with "Sector Perform". This is an indication of a hold consensus from the analysts' society. Boenning Scattergood lowered shares of Antero Resources from an "outperform" rating to a "sector perform" rating and set a $26.00 price objective for the company.in a research report on Saturday, September 23rd. The consensus rating is 2.1, suggesting the market has given up on the stock. Morgan Stanley has "Equal-Weight" rating and $22 target. Williams Capital Group has "Hold" rating and $40 target. (NYSE:RRC), 26 have Buy rating, 1 Sell and 13 Hold. Therefore 65% are positive.


AR has been the subject of a number of recent analyst reports. On Thursday, November 12 the stock rating was upgraded by RBC Capital Markets to "Outperform". The firm has "Neutral" rating given on Tuesday, February 23 by Bank of America. The firm earned "Overweight" rating on Friday, January 13 by Piper Jaffray.

What Historical Figures Say About California Resources Corporation (NYSE: CRC)? Jefferies Group assumed coverage on shares of Antero Resources in a research report on Monday, October 9th. As per Wednesday, September 28, the company rating was reinitiated by GMP Securities.

Since October 26, 2017, it had 0 insider buys, and 3 sales for $729,062 activity. About 261,066 shares traded or 150.45% up from the average. Transcontinental Inc. (TSE:TCL.A) has 0.00% since January 12, 2017 and is. Its the same as in 2017Q2.

Several institutional investors have recently added to or reduced their stakes in the company. 122.38 million shares or 7.67% more from 113.66 million shares in 2017Q2 were reported. Laurion Capital Limited Partnership holds 12,500 shares. Smith Moore invested in 0.04% or 33,639 shares.

News headlines about Antero Resources (NYSE:AR) have been trending somewhat positive this week, according to Accern Sentiment. It worsened, as 31 investors sold AR shares while 71 reduced holdings. Toronto Dominion Bank increased its stake in shares of Antero Resources by 244.3% in the 3rd quarter. Miller Howard Investments owns 0.16% invested in Range Resources Corporation (NYSE:RRC) for 408,499 shares. Mitchell Grp holds 1.10M shares. Cornerstone Advsr holds 0% of its portfolio in Range Resources Corporation (NYSE:RRC) for 294 shares. 52 are owned by Bankshares Of Nova Scotia Tru.

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