Q2 EPS Estimate for California Resources Lowered by Analyst

California Resources Co. (NYSE:CRC - Free Report) - Investment analysts at Capital One Financial decreased their Q2 2025 earnings per share estimates for California Resources in a research report issued on Wednesday, April 16th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings per share of $0.65 for the quarter, down from their prior estimate of $0.77. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.71 EPS and FY2026 earnings at $2.74 EPS.

A number of other equities research analysts also recently weighed in on CRC. Royal Bank of Canada cut their price target on shares of California Resources from $68.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Truist Financial began coverage on California Resources in a research note on Monday, January 13th. They set a "buy" rating and a $75.00 price objective for the company. JPMorgan Chase & Co. started coverage on California Resources in a research report on Friday, December 20th. They set a "neutral" rating and a $63.00 target price on the stock. Barclays cut their price objective on California Resources from $57.00 to $55.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Finally, Citigroup downgraded shares of California Resources from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $62.00 to $36.00 in a research report on Monday, April 7th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.83.

California Resources Stock Up 0.8 %

Shares of CRC stock opened at $34.70 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. The stock has a market cap of $3.15 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 1.02 and a beta of 1.03. The business's fifty day moving average is $42.25 and its 200-day moving average is $49.66. California Resources has a 1 year low of $30.97 and a 1 year high of $60.41.

California Resources (NYSE:CRC - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.05). California Resources had a return on equity of 12.16% and a net margin of 17.43%. The company had revenue of $877.00 million during the quarter, compared to analyst estimates of $901.36 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of California Resources by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,592,663 shares of the oil and gas producer's stock valued at $83,583,000 after acquiring an additional 55,815 shares during the period. Entropy Technologies LP bought a new position in shares of California Resources during the fourth quarter worth $841,000. Bank of New York Mellon Corp boosted its holdings in shares of California Resources by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 739,057 shares of the oil and gas producer's stock valued at $38,350,000 after buying an additional 14,240 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of California Resources by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 55,289 shares of the oil and gas producer's stock worth $2,869,000 after acquiring an additional 649 shares during the period. Finally, Empowered Funds LLC boosted its stake in California Resources by 84.3% in the 4th quarter. Empowered Funds LLC now owns 48,929 shares of the oil and gas producer's stock worth $2,539,000 after purchasing an additional 22,383 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at California Resources

In related news, Director James N. Chapman acquired 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $39.42 per share, for a total transaction of $78,840.00. Following the purchase, the director now owns 43,445 shares in the company, valued at approximately $1,712,601.90. This trade represents a 4.83 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company's stock.

California Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.3875 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.55 annualized dividend and a dividend yield of 4.47%. California Resources's payout ratio is 37.71%.

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.

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