Q1 EPS Estimate for California Resources Lowered by Analyst

California Resources Co. (NYSE:CRC - Free Report) - Investment analysts at Roth Capital decreased their Q1 2025 earnings per share estimates for California Resources in a research report issued on Monday, April 14th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings per share of $0.71 for the quarter, down from their prior estimate of $0.80. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources' Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $2.13 EPS, Q1 2026 earnings at $0.27 EPS, Q2 2026 earnings at $0.33 EPS and FY2026 earnings at $2.20 EPS.

CRC has been the subject of a number of other reports. Truist Financial began coverage on shares of California Resources in a research report on Monday, January 13th. They issued a "buy" rating and a $75.00 price target for the company. Citigroup downgraded shares of California Resources from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $62.00 to $36.00 in a research note on Monday, April 7th. Barclays reduced their price objective on California Resources from $57.00 to $55.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada dropped their target price on California Resources from $68.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, California Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.83.

California Resources Trading Up 3.0 %

Shares of California Resources stock traded up $1.02 during trading on Thursday, hitting $35.34. The stock had a trading volume of 189,300 shares, compared to its average volume of 988,461. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.20 billion, a PE ratio of 5.57, a P/E/G ratio of 1.02 and a beta of 1.03. California Resources has a 1 year low of $30.97 and a 1 year high of $60.41. The stock has a 50 day simple moving average of $41.52 and a 200 day simple moving average of $49.23.

California Resources (NYSE:CRC - Get Free Report) last announced its earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.05). The firm had revenue of $877.00 million for the quarter, compared to the consensus estimate of $901.36 million. California Resources had a net margin of 17.43% and a return on equity of 12.16%.

California Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.3875 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.55 annualized dividend and a dividend yield of 4.39%. California Resources's dividend payout ratio is 37.71%.

Insider Transactions at California Resources

In other news, Director James N. Chapman purchased 2,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was purchased 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRC. First Trust Advisors LP grew its holdings in shares of California Resources by 14.2% in the 4th quarter. First Trust Advisors LP now owns 6,818,266 shares of the oil and gas producer's stock worth $353,800,000 after purchasing an additional 845,694 shares during the last quarter. Palo Duro Investment Partners LP acquired a new position in California Resources during the 4th quarter valued at about $20,752,000. American Century Companies Inc. boosted its stake in California Resources by 14.2% in the fourth quarter. American Century Companies Inc. now owns 2,327,712 shares of the oil and gas producer's stock valued at $120,785,000 after acquiring an additional 290,263 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of California Resources by 285.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 318,593 shares of the oil and gas producer's stock worth $16,532,000 after purchasing an additional 235,955 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in California Resources by 158.7% during the 4th quarter. JPMorgan Chase & Co. now owns 374,793 shares of the oil and gas producer's stock worth $19,448,000 after acquiring an additional 229,940 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

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.