Capital One Financial Forecasts CRC Q1 Earnings

California Resources Co. (NYSE:CRC - Free Report) - Investment analysts at Capital One Financial issued their Q1 2025 earnings per share estimates for shares of California Resources in a research report issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston forecasts that the oil and gas producer will post earnings per share of $0.83 for the quarter. Capital One Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for California Resources' current full-year earnings is $3.58 per share. Capital One Financial also issued estimates for California Resources' Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $1.11 EPS, Q4 2025 earnings at $1.01 EPS and FY2026 earnings at $3.66 EPS.

Other research analysts have also recently issued research reports about the company. Barclays lifted their target price on California Resources from $55.00 to $57.00 and gave the company an "equal weight" rating in a research report on Thursday, October 3rd. UBS Group started coverage on shares of California Resources in a report on Wednesday, October 16th. They set a "buy" rating and a $68.00 price objective on the stock. StockNews.com upgraded shares of California Resources from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Stephens assumed coverage on shares of California Resources in a research report on Tuesday, October 22nd. They set an "overweight" rating and a $73.00 price target on the stock. Finally, TD Cowen upped their price objective on shares of California Resources from $65.00 to $74.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.09.

California Resources Stock Up 0.3 %

CRC stock traded up $0.15 during mid-day trading on Friday, reaching $52.78. 1,065,394 shares of the company traded hands, compared to its average volume of 938,499. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. The firm's 50 day moving average price is $54.87 and its 200 day moving average price is $52.46. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 1.35 and a beta of 1.05. California Resources has a fifty-two week low of $43.09 and a fifty-two week high of $60.41.

California Resources (NYSE:CRC - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The oil and gas producer reported $1.50 EPS 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 business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $973.13 million. During the same quarter in the previous year, the business posted $1.02 EPS. California Resources's quarterly revenue was up 194.1% on a year-over-year basis.

California Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.3875 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.94%. California Resources's payout ratio is 24.41%.

Insider Buying and Selling

In other California Resources news, VP Noelle M. Repetti sold 8,770 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.75, for a total value of $488,927.50. Following the sale, the vice president now directly owns 8,531 shares in the company, valued at $475,603.25. This represents a 50.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Omar Hayat sold 16,016 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $55.18, for a total transaction of $883,762.88. Following the completion of the transaction, the executive vice president now directly owns 30,940 shares of the company's stock, valued at approximately $1,707,269.20. The trade was a 34.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Institutional Trading of California Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. increased its position in shares of California Resources by 2,615.2% in the second quarter. Point72 Asset Management L.P. now owns 843,011 shares of the oil and gas producer's stock worth $44,865,000 after purchasing an additional 811,963 shares during the last quarter. Samlyn Capital LLC purchased a new position in California Resources in the 2nd quarter worth approximately $28,566,000. Weiss Asset Management LP bought a new position in shares of California Resources in the 3rd quarter worth $28,043,000. American Century Companies Inc. raised its position in shares of California Resources by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 1,631,432 shares of the oil and gas producer's stock valued at $86,825,000 after buying an additional 250,367 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of 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 acquiring an additional 168,278 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

About California Resources

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.