CRC Q1 EPS Estimate Decreased by Capital One Financial

California Resources Co. (NYSE:CRC - Free Report) - Research analysts at Capital One Financial dropped their Q1 2025 earnings per share (EPS) estimates for shares of California Resources in a research note issued to investors 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 forecast of $0.78. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' FY2025 earnings at $2.96 EPS.

California Resources (NYSE:CRC - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $901.36 million. California Resources had a return on equity of 12.16% and a net margin of 17.43%.

Several other brokerages have also issued reports on CRC. Truist Financial started coverage on shares of California Resources in a report on Monday, January 13th. They issued a "buy" rating and a $75.00 price target for the company. Royal Bank of Canada lowered their price target on California Resources from $68.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Citigroup cut California Resources from a "buy" rating to a "neutral" rating and cut their price objective for the company from $62.00 to $36.00 in a report on Monday, April 7th. Finally, Barclays reduced their price target on shares of California Resources from $57.00 to $55.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $63.83.

California Resources Trading Down 0.2 %

NYSE CRC traded down $0.06 during trading on Friday, reaching $34.93. 213,880 shares of the stock traded hands, compared to its average volume of 852,351. California Resources has a fifty-two week low of $30.97 and a fifty-two week high of $60.41. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 5.50, a price-to-earnings-growth ratio of 1.02 and a beta of 1.03. The stock's 50-day moving average price is $41.29 and its 200 day moving average price is $49.13.

California Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Monday, March 10th. California Resources's payout ratio is 37.71%.

Insider Buying and Selling

In other news, Director James N. Chapman acquired 2,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $39.42 per share, for a total transaction of $78,840.00. Following the completion of the acquisition, the director now directly owns 43,445 shares in the company, valued at $1,712,601.90. The trade was a 4.83 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

Institutional Trading of California Resources

Several institutional investors have recently made changes to their positions in the company. Yousif Capital Management LLC lifted its stake in California Resources by 0.7% in the fourth quarter. Yousif Capital Management LLC now owns 26,924 shares of the oil and gas producer's stock valued at $1,397,000 after purchasing an additional 196 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of California Resources by 22.8% in the fourth quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer's stock valued at $62,000 after buying an additional 222 shares during the period. Arizona State Retirement System lifted its position in shares of California Resources by 1.2% during the 4th quarter. Arizona State Retirement System now owns 18,199 shares of the oil and gas producer's stock valued at $944,000 after buying an additional 222 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of California Resources by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,217 shares of the oil and gas producer's stock worth $374,000 after acquiring an additional 228 shares during the period. Finally, SummerHaven Investment Management LLC grew its stake in shares of California Resources by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 15,335 shares of the oil and gas producer's stock worth $674,000 after acquiring an additional 293 shares during the period. 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.