The stock of California Resources Corporation (NYSE:CRC) witnessed a 88.24% increase from the 52-week low price of $13.26 it recorded on 2018-03-01. Their shares price went up by $0.44 now trading at $24.96. Even though it is still -101.68% behind the $50.34 high touched on 2018-10-03. The last few days have been rough for the stock, as its price has decreased by -9.83% during the week. It has also performed poorly over the past three months, as it lost around -18.03% while it has so far climbed around 63.89% during the course of a year. The stock of CRC recorded 28.4% uptrend from the beginning of this year till date. The 12-month potential price target for California Resources Corporation is set at $49.43. This target means that the stock has an upside potential to increase by 98.04% from the current trading price.
When giving their opinion, around 57.14% of Wall Street analysts, which represents 4 out of 7 rated the stock as a Buy. 3 brokerage firms of the remaining 42.86% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate CRC shares held by institutional investors represents 73.5% of total shares. 46 institutions entered new California Resources Corporation (NYSE:CRC) positions, 119 added to their existing positions in these shares, 114 lowered their positions, and 41 exited their positions entirely.
California Resources Corporation (CRC) trade volume has increased by 21.65% as around 2,316,551 shares were sold when compared with its 50-day average volume of traded shares which is 1,904,230. At the moment, CRC is witnessing a downtrend, as it is trading -15.36% below its 20-day SMA, -32.37% below its 50-day SMA, and -20.74% below its 200-day SMA. The company runs an ROE of roughly 20.2%, with financial analysts predicting that their earnings per share growth will be around 0% per annum for the next five year. This will be compared to the -18.6% decrease witnessed over the past five years.
The first technical resistance point for California Resources Corporation (NYSE:CRC) will likely come at $26.17, marking a 4.62% premium to the current level. The second resistance point is at $27.39, about 8.87% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $23.07, the lower end of the range. CRC’s 14-day MACD is -3.24 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 31.28, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 69.89 percent, which is low when compared to that of the 50-day’s 74.05 percent.
The shares of Government Properties Income Trust (NASDAQ:GOV) has increased by 1.14%, and now trading at $8.84 on the Wall Street in the intra-day deal, with their shares traded now around 2,069,702. This is a decline of -721,030 shares over the average 2,790,732 shares that were traded daily over the last three months. The stock that is trading at $8.84 went higher by 4.74% from its 52-week low of $8.44 that it attained back on 2018-10-31. The stock recorded a 52-week high of $19.05 nearly 350 days ago on 2017-12-04.
GOV stock hasn’t performed well over the past 30 days, as it lost -7.53% while its price plunged by -52.32% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -5.05% over the last week. The stock’s 12-month potential target price is now at $12.68. This means that the stock price might likely increase by 43.44% from its current trading price.1 out of 7 Wall Street analysts which represents 14.29% rated the stock as a buy while the remaining 42.86 rated it as a hold, with 42.86 of analysts rating it as a sell.
Government Properties Income Trust (NASDAQ:GOV) has been utilizing an ROE that is roughly 3.2%, with stock analysts predicting that the company’s EPS for the next five years will go up by 5% per year, following the -32.9% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -4.97% below its 20-day SMA, -18.79% below its 50-day SMA, and -35.66% below its 200-day SMA. In percentage terms, the aggregate Government Properties Income Trust shares held by institutional investors is 68.3%. 39 institutions jumped in to acquire Government Properties Income Trust (GOV) fresh stake, 126 added to their current holdings in these shares, 97 lowered their positions, and 25 left no stake in the company.
The stock’s 9-day MACD is -0.21 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 37.82, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 41.96 percent, which is less when compared to that of the 50-day’s 80.1 percent. On the daily chart, we see that the stock could reach the first level of resistance at $8.96, sporting a 1.34% premium to the current level. The next resistance point is at $9.08, representing nearly 2.64% premium to the current market price of Government Properties Income Trust (GOV). On the other hand, failure to breach the immediate hurdles can drag it down to $8.38, the lower end of the range.