California Resources (CRC) Tops Q4 EPS by 4c
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Societe Generale Downgrades California Resources (CRC) to Hold
March 2, 2016 6:45 AM ESTSociete Generale downgraded California Resources (NYSE: CRC) from Buy to Hold with a price target of $1.00.
For an analyst ratings summary and ratings history on California Resources click here. For more ratings news on California Resources click here.
Shares of California Resources closed at $0.84 yesterday.
... MoreDebt swaps become a tough sell for cash-strapped U.S. energy firms
February 29, 2016 4:06 AM ESTBy Jessica DiNapoli
NEW YORK (Reuters) - Highly-leveraged U.S. energy companies are struggling to carry out debt swaps as part of their survival strategy because plummeting oil and gas prices make investors either avoid such deals or demand tougher terms.
Last year, at least 10 exploration and production companies, including California Resources Corp (NYSE: CRC), managed to ease financial pressure by persuading investors to accept some losses on their bond holdings in return for new debt that often matures later and offers better collateral.
Yet since prices tumbled further early... More
