A Director at California Resources (NYSE: CRC) is Buying Shares

By Carrie Williams

Today, a Director at California Resources (NYSE: CRC), Justin Gannon, bought shares of CRC for $27.18K.

In addition to Justin Gannon, 21 other CRC executives reported Buy trades in the last month. Following this transaction Justin Gannon’s holding in the company was increased by 8.48% to a total of $499.8K.

Based on California Resources’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $517 million and quarterly net profit of $52 million. In comparison, last year the company earned revenue of $403 million and had a GAAP net loss of $50 million. The company has a one year high of $23.42 and a one year low of $1.52. CRC’s market cap is $549.4M and the company has a P/E ratio of 1.45.

Three different firms, including Merrill Lynch and BTIG, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $244.1K worth of CRC shares and purchased $27.18K worth of CRC shares.

Justin Gannon’s trades have generated a -42.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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California Resources Corp. is an independent oil and natural gas exploration and production company. It explores for, produces, gathers, processes and markets crude oil, natural gas and natural gas liquids. The company was founded on April 23, 2014 and is headquartered in Los Angeles, CA.