Roth Capital Issues Pessimistic Estimate for CRC Earnings

California Resources Co. (NYSE:CRC - Free Report) - Equities researchers at Roth Capital decreased their Q3 2025 earnings per share estimates for shares of California Resources in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $1.48 per share for the quarter, down from their previous estimate of $1.71. The consensus estimate for California Resources' current full-year earnings is $3.45 per share.

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, topping the consensus estimate of $0.88 by $0.62. California Resources had a return on equity of 11.27% and a net margin of 7.61%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $973.13 million. During the same period in the prior year, the firm earned $1.02 earnings per share. The firm's revenue for the quarter was up 194.1% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the stock. Bank of America upgraded shares of California Resources from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $57.00 to $65.00 in a report on Wednesday, August 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $65.00 price objective on shares of California Resources in a research note on Monday, August 12th. UBS Group started coverage on California Resources in a research note on Wednesday, October 16th. They issued a "buy" rating and a $68.00 target price on the stock. TD Cowen assumed coverage on California Resources in a report on Friday, August 2nd. They set a "buy" rating and a $65.00 price target for the company. Finally, Stephens started coverage on shares of California Resources in a research note on Tuesday, October 22nd. They issued an "overweight" rating and a $73.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $65.50.

California Resources Stock Up 0.6 %

Shares of California Resources stock traded up $0.33 during trading on Friday, hitting $56.90. The company's stock had a trading volume of 757,792 shares, compared to its average volume of 855,711. California Resources has a 52 week low of $43.09 and a 52 week high of $60.41. The company has a market capitalization of $3.86 billion, a PE ratio of 25.29, a P/E/G ratio of 1.30 and a beta of 0.98. The company has a fifty day simple moving average of $51.95 and a two-hundred day simple moving average of $50.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.43.

California Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.3875 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.55 annualized dividend and a dividend yield of 2.72%. California Resources's payout ratio is 68.89%.

Insider Activity at California Resources

In other California Resources news, CEO Francisco Leon sold 7,500 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $49.18, for a total transaction of $368,850.00. Following the completion of the sale, the chief executive officer now directly owns 166,357 shares in the company, valued at approximately $8,181,437.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other California Resources news, CEO Francisco Leon sold 7,500 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $49.18, for a total transaction of $368,850.00. Following the completion of the sale, the chief executive officer now directly owns 166,357 shares in the company, valued at $8,181,437.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Noelle M. Repetti sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.00, for a total transaction of $530,000.00. Following the completion of the transaction, the vice president now owns 17,301 shares in the company, valued at $916,953. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,270 shares of company stock worth $1,387,778 over the last quarter. Company insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On California Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in California Resources by 61.5% in the 3rd quarter. GAMMA Investing LLC now owns 974 shares of the oil and gas producer's stock worth $51,000 after acquiring an additional 371 shares in the last quarter. KBC Group NV raised its position in shares of California Resources by 29.1% during the 3rd quarter. KBC Group NV now owns 1,910 shares of the oil and gas producer's stock valued at $100,000 after purchasing an additional 431 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of California Resources by 9.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,224 shares of the oil and gas producer's stock valued at $169,000 after buying an additional 276 shares in the last quarter. Atria Investments Inc bought a new position in California Resources in the 3rd quarter worth $209,000. Finally, Privium Fund Management B.V. bought a new position in California Resources in the 2nd quarter worth $258,000. 97.79% of the stock is currently owned by hedge funds and other 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.