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California Resources' stock hits 52-week low after earnings miss, but remains rated a "moderate buy."
California Resources (CRC) hit a 52-week low after reporting weaker-than-expected quarterly earnings of $0.91 per share, missing analyst forecasts of $0.96.
Despite the earnings miss, analysts still rate the stock as a "moderate buy" with a target price of $67.25, and major investors have increased their holdings.
CRC operates in oil and gas exploration and production, with a market cap of about $4 billion.
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Las acciones de California Resources alcanzan 52 semanas de bajo después de perder ganancias, pero permanece calificado como una "compra moderada".