Q1 Earnings Estimate for CRC Issued By Capital One Financial

California Resources Corporation (NYSE:CRC - Free Report) - Equities research analysts at Capital One Financial increased their Q1 2026 EPS estimates for shares of California Resources in a report released on Tuesday, July 15th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.64. 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 $0.61 EPS and Q4 2026 earnings at $0.76 EPS.

CRC has been the topic of several other reports. Mizuho upped their target price on shares of California Resources from $60.00 to $61.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Citigroup upped their price objective on shares of California Resources from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday. UBS Group set a $58.00 price target on shares of California Resources and gave the stock a "buy" rating in a research note on Monday, July 14th. Bank of America cut 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. Finally, JPMorgan Chase & Co. raised shares of 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. Two analysts have rated the stock with a hold rating, ten 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 presently has a consensus rating of "Buy" and a consensus price target of $62.27.

California Resources Stock Performance

Shares of NYSE:CRC traded up $3.28 on Friday, reaching $51.31. The company's stock had a trading volume of 2,423,644 shares, compared to its average volume of 847,511. The stock's 50-day moving average is $45.37 and its two-hundred day moving average is $44.44. California Resources has a 52-week low of $30.97 and a 52-week high of $60.41. 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 stock has a market capitalization of $4.58 billion, a P/E ratio of 9.31 and a beta of 1.16.

California Resources (NYSE:CRC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.24. California Resources had a net margin of 13.70% and a return on equity of 11.45%. The firm had revenue of $912.00 million during the quarter, compared to the consensus estimate of $862.14 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company's revenue was up 100.9% compared to the same quarter last year.

Institutional Investors Weigh In On California Resources

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of 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 buying an additional 466 shares during the period. Harbor Capital Advisors Inc. raised its stake in California Resources by 68.8% during the 1st 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 during the last quarter. Lazard Asset Management LLC raised its stake in shares of California Resources by 52,366.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,574 shares of the oil and gas producer's stock valued at $81,000 after buying an additional 1,571 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of California Resources in the 1st quarter valued at $79,000. Finally, Sterling Capital Management LLC raised its stake in shares of California Resources by 833.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,221 shares of the oil and gas producer's stock valued at $115,000 after buying an additional 1,983 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

California Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.3875 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.02%. California Resources's payout ratio is currently 28.13%.

About California Resources

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.