Capital One Financial Brokers Cut Earnings Estimates for CRC

Key Points

• Capital One Financial has lowered its Q3 2025 EPS forecast for California Resources Corporation to $1.30 from a previous estimate of $1.31.
• California Resources recently reported quarterly earnings of $1.10 EPS, exceeding consensus estimates of $0.91, with a substantial revenue increase of 90.3% year-over-year.
• Despite the weak forecast, the consensus rating for California Resources stock is currently "Buy" with multiple brokerages upgrading their price targets post-earnings report.

California Resources Corporation (NYSE:CRC - Free Report) - Stock analysts at Capital One Financial cut their Q3 2025 earnings estimates for shares of California Resources in a research note issued to investors on Friday, September 19th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings of $1.30 per share for the quarter, down from their previous estimate of $1.31. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $4.31 EPS, Q1 2026 earnings at $0.71 EPS and Q2 2026 earnings at $0.67 EPS.

Other equities analysts have also issued research reports about the stock. Bank of America lifted their target price on shares of California Resources from $60.00 to $66.00 and gave the company a "buy" rating in a report on Monday. JPMorgan Chase & Co. upgraded California Resources from a "neutral" rating to an "overweight" rating and raised their target price for the company from $60.00 to $63.00 in a research note on Tuesday, July 15th. UBS Group boosted their price target on California Resources from $63.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Roth Capital set a $63.00 price target on California Resources in a research note on Monday, September 15th. Finally, Mizuho set a $71.00 price target on shares of California Resources in a research report on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, California Resources presently has an average rating of "Buy" and an average target price of $66.58.

California Resources Trading Down 0.5%

CRC traded down $0.28 on Monday, reaching $54.72. 1,167,752 shares of the company's stock were exchanged, compared to its average volume of 1,104,699. California Resources has a twelve month low of $30.97 and a twelve month high of $60.41. The company's 50 day moving average is $49.87 and its 200-day moving average is $44.63. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 12.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.68 and a current ratio of 0.78.

California Resources (NYSE:CRC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.91 by $0.19. The firm had revenue of $978.00 million during the quarter, compared to analyst estimates of $820.93 million. California Resources had a net margin of 16.14% and a return on equity of 11.95%. California Resources's revenue for the quarter was up 90.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share.

Institutional Investors Weigh In On California Resources

Several hedge funds and other institutional investors have recently bought and sold shares of CRC. Sourcerock Group LLC raised its position in California Resources by 63.8% in the second quarter. Sourcerock Group LLC now owns 2,000,649 shares of the oil and gas producer's stock worth $91,370,000 after acquiring an additional 779,280 shares in the last quarter. Invesco Ltd. grew its stake in shares of California Resources by 155.8% in the 2nd quarter. Invesco Ltd. now owns 1,062,553 shares of the oil and gas producer's stock valued at $48,527,000 after buying an additional 647,190 shares in the last quarter. Nuveen LLC bought a new stake in shares of California Resources in the 1st quarter valued at approximately $28,254,000. Millennium Management LLC lifted its holdings in California Resources by 255.5% in the 1st quarter. Millennium Management LLC now owns 677,093 shares of the oil and gas producer's stock worth $29,772,000 after purchasing an additional 486,650 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of California Resources by 461.5% during the second quarter. Balyasny Asset Management L.P. now owns 557,037 shares of the oil and gas producer's stock worth $25,440,000 after buying an additional 457,835 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

California Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Wednesday, August 27th were paid a dividend of $0.3875 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $1.55 annualized dividend and a yield of 2.8%. California Resources's dividend payout ratio (DPR) is presently 21.17%.

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.