CRC Q2 EPS Forecast Increased by Capital One Financial

California Resources Co. (NYSE:CRC - Free Report) - Research analysts at Capital One Financial boosted their Q2 2025 earnings per share estimates for shares of California Resources in a research note issued to investors on Tuesday, March 4th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will earn $0.95 per share for the quarter, up from their previous estimate of $0.64. Capital One Financial has a "Strong-Buy" rating on the stock. 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 $1.24 EPS, Q4 2025 earnings at $1.00 EPS, FY2025 earnings at $3.93 EPS and FY2026 earnings at $3.68 EPS.

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

Other equities analysts have also recently issued reports about the stock. TD Cowen boosted their price target on shares of California Resources from $65.00 to $74.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays lowered their target price on California Resources from $57.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on California Resources in a research note on Friday, December 20th. They set a "neutral" rating and a $63.00 price target for the company. StockNews.com upgraded California Resources from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $70.00 price objective on shares of California Resources in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $67.08.

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California Resources Stock Up 1.6 %

California Resources stock traded up $0.66 during trading hours on Thursday, hitting $41.63. The company had a trading volume of 877,835 shares, compared to its average volume of 803,085. California Resources has a fifty-two week low of $38.02 and a fifty-two week high of $60.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.97 and a quick ratio of 0.89. The firm has a market capitalization of $3.80 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The firm's fifty day moving average is $49.34 and its 200-day moving average is $51.96.

California Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Monday, March 10th. California Resources's dividend payout ratio is 24.41%.

Insider Transactions at California Resources

In other news, Director James N. Chapman bought 2,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $39.42 per share, for a total transaction of $78,840.00. Following the acquisition, the director now directly owns 43,445 shares of the company's stock, valued at $1,712,601.90. The trade was a 4.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Omar Hayat sold 16,016 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $55.18, for a total transaction of $883,762.88. Following the transaction, the executive vice president now directly owns 30,940 shares of the company's stock, valued at approximately $1,707,269.20. This represents a 34.11 % decrease in their position. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of California Resources in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its stake in California Resources by 331.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer's stock valued at $53,000 after purchasing an additional 812 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in California Resources by 71.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer's stock valued at $56,000 after purchasing an additional 454 shares during the period. GAMMA Investing LLC grew its position in California Resources by 22.8% in the 4th quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer's stock worth $62,000 after purchasing an additional 222 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in California Resources in the 3rd quarter worth $70,000. 97.79% of the stock is owned by institutional investors.

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.