California Resources Corp. Experiences Revision in Its Stock Evaluation Amid Competitive Market Metrics

California Resources Corp., a small-cap player in the oil industry, has recently undergone a valuation adjustment, reflecting its financial metrics and market position. The company currently boasts a P/E ratio of 14, alongside a price-to-book value of 1.17. Its enterprise value to EBITDA stands at 3.72, while the EV to EBIT ratio is recorded at 6.55. Notably, California Resources Corp. offers a remarkable dividend yield of 196.57%, with a return on capital employed (ROCE) of 17.30% and a return on equity (ROE) of 8.47%.
In comparison to its peers, California Resources Corp. demonstrates a competitive edge with a lower P/E ratio than some companies in the sector, such as Permian Resources Corp. and National Fuel Gas Co., which have higher valuations. Other peers like APA Corp. and Chord Energy Corp. also show attractive metrics, but California Resources Corp. maintains a strong position with its financial indicators.

The stock's recent performance has seen fluctuations, with a current price of $47.17, reflecting a slight increase from the previous close. Over the past year, the company has faced challenges, with returns lagging behind the S&P 500, yet it has shown significant growth over a five-year period.