Equities Analysts Offer Predictions for CRC FY2025 Earnings

California Resources Co. (NYSE:CRC - Free Report) - Equities researchers at Capital One Financial dropped their FY2025 EPS estimates for California Resources in a note issued to investors on Tuesday, January 14th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings per share of $3.47 for the year, down from their previous forecast of $3.62. Capital One Financial has a "Strong-Buy" rating on the stock. The consensus estimate for California Resources' current full-year earnings is $3.66 per share. Capital One Financial also issued estimates for California Resources' FY2026 earnings at $3.35 EPS.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. began coverage on California Resources in a report on Friday, December 20th. They issued a "neutral" rating and a $63.00 price objective on the stock. Jefferies Financial Group started coverage on shares of California Resources in a research note on Thursday, October 24th. They issued a "buy" rating and a $64.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $70.00 price objective on shares of California Resources in a research note on Tuesday. UBS Group initiated coverage on shares of California Resources in a research note on Wednesday, October 16th. They issued a "buy" rating and a $68.00 target price on the stock. Finally, TD Cowen upped their price target on California Resources from $65.00 to $74.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.25.

California Resources Price Performance

Shares of NYSE:CRC traded down $0.61 during trading on Friday, reaching $53.36. The stock had a trading volume of 396,740 shares, compared to its average volume of 816,176. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. California Resources has a 1-year low of $43.09 and a 1-year high of $60.41. The stock has a market cap of $4.88 billion, a PE ratio of 8.41, a PEG ratio of 1.21 and a beta of 1.05. The business has a fifty day moving average price of $54.81 and a 200-day moving average price of $52.52.

California Resources (NYSE:CRC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas producer reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.62. California Resources had a net margin of 17.43% and a return on equity of 12.16%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $973.13 million. During the same period last year, the company posted $1.02 EPS. California Resources's quarterly revenue was up 194.1% compared to the same quarter last year.

California Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Monday, December 2nd. California Resources's dividend payout ratio (DPR) is presently 24.41%.

Insider Transactions at California Resources

In other news, EVP Omar Hayat sold 16,016 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $55.18, for a total value of $883,762.88. Following the transaction, the executive vice president now directly owns 30,940 shares in the company, valued at approximately $1,707,269.20. This represents a 34.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Noelle M. Repetti sold 8,770 shares of California Resources stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.75, for a total transaction of $488,927.50. Following the completion of the sale, the vice president now owns 8,531 shares of the company's stock, valued at $475,603.25. This trade represents a 50.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On California Resources

Several institutional investors and hedge funds have recently modified their holdings of CRC. Point72 Asset Management L.P. grew its position in California Resources by 2,615.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 843,011 shares of the oil and gas producer's stock valued at $44,865,000 after acquiring an additional 811,963 shares in the last quarter. Samlyn Capital LLC purchased a new position in shares of California Resources in the second quarter valued at approximately $28,566,000. Weiss Asset Management LP acquired a new position in shares of California Resources in the third quarter valued at approximately $28,043,000. State Street Corp increased its stake in California Resources by 5.1% during the 3rd quarter. State Street Corp now owns 3,449,988 shares of the oil and gas producer's stock worth $181,021,000 after buying an additional 168,278 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in California Resources by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,576,306 shares of the oil and gas producer's stock worth $190,328,000 after buying an additional 165,629 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

California Resources Company Profile

California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities.