Q3 EPS Estimates for CRC Lowered by Capital One Financial

California Resources Corporation (NYSE:CRC - Free Report) - Equities research analysts at Capital One Financial decreased their Q3 2025 earnings estimates for shares of California Resources in a research note issued on Wednesday, July 2nd. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.92 per share for the quarter, down from their previous estimate 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 quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $1.07 EPS for the quarter, topping the consensus estimate of $0.83 by $0.24. California Resources had a net margin of 13.70% and a return on equity of 11.45%. The business had revenue of $912.00 million during the quarter, compared to the consensus estimate of $862.14 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The business's revenue for the quarter was up 100.9% compared to the same quarter last year.

Several other brokerages have also recently issued reports on CRC. Barclays upgraded California Resources from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $50.00 to $60.00 in a research note on Friday, May 30th. Bank of America reduced their price target on shares of California Resources from $64.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Truist Financial raised shares of California Resources to a "strong-buy" rating in a report on Tuesday, May 6th. Royal Bank Of Canada reduced their target price 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. Finally, UBS Group upped 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. Three investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.27.

California Resources Stock Performance

CRC traded down $0.80 on Friday, reaching $46.39. 489,738 shares of the stock were exchanged, compared to its average volume of 836,938. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83 and a quick ratio of 0.74. The company's 50-day moving average price is $43.15 and its 200 day moving average price is $44.58. The firm has a market capitalization of $4.14 billion, a PE ratio of 8.42 and a beta of 1.16. California Resources has a fifty-two week low of $30.97 and a fifty-two week high of $60.41.

Institutional Trading of California Resources

Several large investors have recently made changes to their positions in the company. Larson Financial Group LLC grew its stake 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 valued at $28,000 after acquiring an additional 466 shares in the last quarter. Harbor Capital Advisors Inc. grew 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 purchasing an additional 316 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 purchasing an additional 812 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in California Resources during the first quarter worth approximately $79,000. Finally, Lazard Asset Management LLC boosted its stake in California Resources by 52,366.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,574 shares of the oil and gas producer's stock worth $81,000 after buying an additional 1,571 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

California Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 3.34%. 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.