What is Roth Capital's Forecast for CRC FY2026 Earnings?

California Resources Co. (NYSE:CRC - Free Report) - Research analysts at Roth Capital issued their FY2026 earnings per share estimates for shares of California Resources in a research note issued to investors on Monday, March 3rd. Roth Capital analyst L. Mariani anticipates that the oil and gas producer will earn $3.20 per share for the year. The consensus estimate for California Resources' current full-year earnings is $3.85 per share.

Several other research analysts have also weighed in on CRC. StockNews.com raised California Resources from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Barclays dropped their target price on California Resources from $57.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Wednesday. TD Cowen upped their target price on California Resources from $65.00 to $74.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $70.00 target price on shares of California Resources in a research report on Tuesday, January 14th. Finally, Truist Financial began coverage on California Resources in a report on Monday, January 13th. They set a "buy" rating and a $75.00 price objective on the stock. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, California Resources currently has an average rating of "Moderate Buy" and an average price target of $67.08.

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California Resources Stock Up 1.6 %

California Resources stock traded up $0.66 during mid-day trading on Wednesday, hitting $41.63. The company's stock had a trading volume of 877,835 shares, compared to its average volume of 789,468. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.97 and a quick ratio of 0.89. California Resources has a 52-week low of $38.02 and a 52-week high of $60.41. The firm's 50 day moving average is $49.17 and its 200 day moving average is $51.92. The company has a market cap of $3.78 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06.

California Resources (NYSE:CRC - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.05). The business 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%.

California Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.3875 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.72%. California Resources's dividend payout ratio is currently 37.71%.

Insiders Place Their Bets

In related news, EVP Omar Hayat sold 16,016 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 30,940 shares in the company, valued at $1,707,269.20. This trade represents a 34.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James N. Chapman bought 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $39.42 per share, with a total value of $78,840.00. Following the transaction, the director now directly owns 43,445 shares in the company, valued at $1,712,601.90. This trade represents a 4.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On California Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in California Resources by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 9,345,789 shares of the oil and gas producer's stock valued at $484,953,000 after purchasing an additional 225,620 shares in the last quarter. First Trust Advisors LP increased its holdings in California Resources by 14.2% during the 4th quarter. First Trust Advisors LP now owns 6,818,266 shares of the oil and gas producer's stock valued at $353,800,000 after purchasing an additional 845,694 shares in the last quarter. State Street Corp increased its holdings 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 valued at $181,021,000 after purchasing an additional 168,278 shares in the last quarter. American Century Companies Inc. increased its holdings in California Resources by 14.2% during the 4th quarter. American Century Companies Inc. now owns 2,327,712 shares of the oil and gas producer's stock valued at $120,785,000 after purchasing an additional 290,263 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in California Resources by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,605,779 shares of the oil and gas producer's stock valued at $83,344,000 after purchasing an additional 13,116 shares in the last quarter. 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.