Capital One Financial Has Weak Forecast for CRC Q3 Earnings

California Resources Co. (NYSE:CRC - Free Report) - Equities research analysts at Capital One Financial reduced their Q3 2025 earnings estimates for shares of California Resources in a research note issued to investors on Monday, May 19th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will earn $0.93 per share for the quarter, down from their previous forecast of $0.94. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' Q2 2026 earnings at $0.56 EPS.

A number of other equities analysts have also commented on CRC. Bank of America decreased their price target 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. Mizuho decreased their price target on shares of California Resources from $64.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Citigroup increased their price target on shares of California Resources from $36.00 to $44.00 and gave the stock a "neutral" rating in a report on Monday. Roth Capital reissued a "buy" rating on shares of California Resources in a report on Wednesday, May 7th. Finally, Truist Financial raised shares of California Resources to a "strong-buy" rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, California Resources currently has an average rating of "Moderate Buy" and an average target price of $60.36.

California Resources Price Performance

Shares of NYSE:CRC opened at $43.19 on Tuesday. The company's fifty day moving average price is $39.02 and its 200-day moving average price is $47.28. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 1.02 and a beta of 1.06. California Resources has a one year low of $30.97 and a one year 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.

California Resources (NYSE:CRC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.24. The business had revenue of $912.00 million for the quarter, compared to analysts' expectations of $862.14 million. California Resources had a net margin of 17.43% and a return on equity of 12.16%. The business's revenue for the quarter was up 100.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS.

Institutional Investors Weigh In On California Resources

A number of large investors have recently added to or reduced their stakes in CRC. Larson Financial Group LLC grew its holdings in California Resources by 269.4% in the 1st quarter. Larson Financial Group LLC now owns 639 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 466 shares during the last quarter. R Squared Ltd purchased a new stake in shares of California Resources in the 4th quarter worth about $31,000. Harbor Capital Advisors Inc. lifted its position in shares of California Resources by 68.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 775 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 316 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of California Resources by 331.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer's stock worth $53,000 after purchasing an additional 812 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of 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 worth $56,000 after purchasing an additional 454 shares during the period. Institutional investors own 97.79% of the company's stock.

Insiders Place Their Bets

In other news, Director James N. Chapman purchased 2,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $39.42 per share, with a total value of $78,840.00. Following the acquisition, the director now directly owns 43,445 shares in the company, valued at approximately $1,712,601.90. The trade was a 4.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.03% of the company's stock.

California Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, May 30th. California Resources's dividend payout ratio (DPR) is presently 28.13%.

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.

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