California Resources (CRC) to Release Quarterly Earnings on Tuesday

Key Points

• California Resources Corporation is set to announce its Q2 2025 earnings on August 5th, with analysts predicting earnings of $0.90 per share and revenue of approximately $820.93 million.
• In its previous quarterly earnings report, California Resources beat estimates with $1.07 EPS and $912 million in revenue, marking a 100.9% year-over-year increase.
• The company has recently announced a quarterly dividend of $0.3875 per share, reflecting an annualized yield of 3.04% with a low dividend payout ratio of 28.13%.

California Resources (NYSE:CRC - Get Free Report) is expected to announce its Q2 2025 earnings results after the market closes on Tuesday, August 5th. Analysts expect the company to announce earnings of $0.90 per share and revenue of $820.93 million for the quarter.

California Resources (NYSE:CRC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.24. The business had revenue of $912.00 million for the quarter, compared to analyst estimates of $862.14 million. California Resources had a net margin of 13.70% and a return on equity of 11.45%. The company's quarterly revenue was up 100.9% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. On average, analysts expect California Resources to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

California Resources Trading Down 3.0%

Shares of NYSE:CRC traded down $1.52 during trading on Wednesday, reaching $48.70. 1,014,349 shares of the company were exchanged, compared to its average volume of 859,523. The firm has a market capitalization of $4.34 billion, a PE ratio of 8.84 and a beta of 1.16. The business's fifty day simple moving average is $46.40 and its 200-day simple moving average is $44.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83 and a quick ratio of 0.74. California Resources has a 12-month low of $30.97 and a 12-month high of $60.41.

California Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.18%. The ex-dividend date was Friday, May 30th. California Resources's payout ratio is 28.13%.

Hedge Funds Weigh In On California Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of California Resources in the first quarter valued at approximately $106,000. Intech Investment Management LLC raised its holdings in shares of California Resources by 17.7% during the 1st quarter. Intech Investment Management LLC now owns 31,870 shares of the oil and gas producer's stock worth $1,401,000 after acquiring an additional 4,783 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of California Resources by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,663 shares of the oil and gas producer's stock valued at $1,832,000 after acquiring an additional 2,394 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of California Resources by 89.1% during the 1st quarter. AQR Capital Management LLC now owns 46,532 shares of the oil and gas producer's stock valued at $2,046,000 after acquiring an additional 21,923 shares during the last quarter. Finally, Empowered Funds LLC increased its position in California Resources by 3.8% during the first quarter. Empowered Funds LLC now owns 50,786 shares of the oil and gas producer's stock worth $2,233,000 after purchasing an additional 1,857 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRC has been the topic of several research reports. Bank of America cut their price objective on shares of California Resources from $64.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. UBS Group set a $58.00 price objective on shares of California Resources and gave the company a "buy" rating in a report on Monday, July 14th. Truist Financial raised shares of California Resources to a "strong-buy" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of California Resources from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Royal Bank Of Canada cut their price target on shares of California Resources from $68.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, California Resources presently has an average rating of "Buy" and a consensus price target of $62.27.

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.