Q3 Earnings Forecast for CRC Issued By Capital One Financial

California Resources Co. (NYSE:CRC - Free Report) - Stock analysts at Capital One Financial lowered their Q3 2025 EPS estimates for shares of California Resources in a report issued on Monday, May 19th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings per share of $0.93 for the quarter, down from their previous estimate 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.

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 for the quarter, beating the consensus estimate of $0.83 by $0.24. California Resources had a net margin of 17.43% and a return on equity of 12.16%. The firm had revenue of $912.00 million during the quarter, compared to the consensus estimate of $862.14 million. During the same period last year, the firm posted $0.75 EPS. The firm's revenue for the quarter was up 100.9% on a year-over-year basis.

A number of other equities research analysts also recently commented on CRC. Truist Financial upgraded shares of California Resources to a "strong-buy" rating in a report on Tuesday, May 6th. Royal Bank of Canada lowered their price target on shares of California Resources from $68.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, April 11th. UBS Group lifted their price target on shares of California Resources from $49.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Mizuho lowered their price target on shares of California Resources from $64.00 to $60.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Citigroup lifted 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, May 19th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, California Resources has an average rating of "Moderate Buy" and a consensus target price of $60.36.

California Resources Price Performance

NYSE:CRC traded down $0.18 during mid-day trading on Tuesday, hitting $42.07. 441,794 shares of the company's stock traded hands, compared to its average volume of 870,611. The company has a market cap of $3.75 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. California Resources has a 1 year low of $30.97 and a 1 year high of $60.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. The firm's 50 day simple moving average is $38.98 and its 200 day simple moving average is $47.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in California Resources by 269.4% during the 1st quarter. Larson Financial Group LLC now owns 639 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 466 shares in the last quarter. R Squared Ltd acquired a new stake in shares of California Resources in the fourth quarter valued at approximately $31,000. Harbor Capital Advisors Inc. raised its position in shares of California Resources by 68.8% in the first quarter. Harbor Capital Advisors Inc. now owns 775 shares of the oil and gas producer's stock valued at $34,000 after buying an additional 316 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in California Resources by 331.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer's stock valued at $53,000 after acquiring an additional 812 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in California Resources by 71.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer's stock valued at $56,000 after acquiring an additional 454 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity at California Resources

In other California Resources news, Director James N. Chapman purchased 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $39.42 per share, for a total transaction of $78,840.00. Following the transaction, 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 purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company's stock.

California Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.3875 per share. The ex-dividend date is Friday, May 30th. This represents a $1.55 annualized dividend and a dividend yield of 3.68%. California Resources's dividend payout ratio is presently 28.13%.

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.