Q3 Earnings Estimate for CRC Issued By Capital One Financial

California Resources Corporation (NYSE:CRC - Free Report) - Equities researchers at Capital One Financial cut their Q3 2025 EPS estimates for shares of California Resources in a research note issued to investors on Wednesday, July 2nd. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will earn $0.92 per share for the quarter, down from their prior forecast of $0.93. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' Q1 2026 earnings at $0.64 EPS, Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $0.92 EPS and Q4 2026 earnings at $0.71 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 EPS for the quarter, beating the consensus estimate of $0.83 by $0.24. The company had revenue of $912.00 million during the quarter, compared to analyst estimates of $862.14 million. California Resources had a return on equity of 11.45% and a net margin of 13.70%. The business's revenue was up 100.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share.

Several other equities analysts also recently issued reports on the stock. UBS Group boosted their price target on shares of California Resources from $49.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Barclays raised shares of California Resources from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $50.00 to $60.00 in a research note on Friday, May 30th. Bank of America dropped their price target on shares of California Resources from $64.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen cut California Resources from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Royal Bank Of Canada decreased their price objective on California Resources from $68.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.27.

California Resources Stock Performance

NYSE:CRC traded up $0.39 during midday trading on Friday, reaching $47.19. 453,538 shares of the company traded hands, compared to its average volume of 837,502. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 8.56 and a beta of 1.16. The company has a fifty day moving average price of $42.92 and a 200 day moving average price of $44.71. 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 twelve month low of $30.97 and a twelve month high of $60.41.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP raised its position in California Resources by 14.2% in the fourth quarter. First Trust Advisors LP now owns 6,818,266 shares of the oil and gas producer's stock worth $353,800,000 after acquiring an additional 845,694 shares in the last quarter. Nuveen LLC acquired a new position in shares of California Resources in the 1st quarter worth approximately $28,254,000. Millennium Management LLC grew its stake in shares of 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. Palo Duro Investment Partners LP bought a new stake in shares of California Resources in the 4th quarter worth approximately $20,752,000. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of California Resources in the 1st quarter worth approximately $14,456,000. Institutional investors own 97.79% of the company's stock.

California Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Friday, May 30th. 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.