Q1 EPS Estimate for California Resources Boosted by Analyst

Key Points

• Roth Capital has raised its Q1 2026 earnings per share forecast for California Resources Corporation to $0.42, up from $0.41, with a full-year estimate of $3.85 per share.
• California Resources recently reported $1.10 EPS for Q2, exceeding the consensus estimate of $0.91, and achieved a 90.3% increase in quarterly revenue compared to the previous year.
• The company plans to pay a dividend of $0.3875 per share, representing an annual yield of 2.8% with a payout ratio of 21.17%.

California Resources Corporation (NYSE:CRC - Free Report) - Analysts at Roth Capital increased their Q1 2026 EPS estimates for shares of California Resources in a report released on Monday, September 15th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $0.42 per share for the quarter, up from their prior estimate of $0.41. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources' Q2 2026 earnings at $0.41 EPS and Q3 2026 earnings at $1.19 EPS.

A number of other research firms also recently commented on CRC. Bank of America boosted their price target on shares of California Resources from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. UBS Group boosted their target price on shares of California Resources from $63.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday. Wall Street Zen downgraded shares of California Resources from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Zacks Research upgraded shares of California Resources from a "hold" rating to a "strong-buy" rating in a report on Monday, September 15th. Finally, Barclays boosted their target price on shares of California Resources from $60.00 to $66.00 and gave the stock an "overweight" rating in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, California Resources has a consensus rating of "Buy" and an average price target of $65.50.

California Resources Price Performance

Shares of CRC stock traded down $2.59 during midday trading on Tuesday, reaching $54.99. 2,283,786 shares of the company were exchanged, compared to its average volume of 1,024,145. California Resources has a 12 month low of $30.97 and a 12 month high of $60.41. The company has a market cap of $4.60 billion, a P/E ratio of 7.51 and a beta of 1.16. The company's 50 day moving average price is $49.87 and its two-hundred day moving average price is $44.58. 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 released its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.19. California Resources had a net margin of 16.14% and a return on equity of 11.95%. The company had revenue of $978.00 million for the quarter, compared to the consensus estimate of $820.93 million. During the same period in the previous year, the firm earned $0.60 EPS. California Resources's revenue was up 90.3% on a year-over-year basis.

Institutional Trading of California Resources

A number of institutional investors and hedge funds have recently modified their holdings of CRC. Sourcerock Group LLC lifted its stake in shares of 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 buying an additional 779,280 shares during the last quarter. Invesco Ltd. lifted its stake in shares of California Resources by 155.8% in the second quarter. Invesco Ltd. now owns 1,062,553 shares of the oil and gas producer's stock worth $48,527,000 after buying an additional 647,190 shares during the last quarter. Nuveen LLC acquired a new stake in shares of California Resources in the first quarter worth $28,254,000. Millennium Management LLC lifted its stake in shares of California Resources by 255.5% in the first quarter. Millennium Management LLC now owns 677,093 shares of the oil and gas producer's stock worth $29,772,000 after buying an additional 486,650 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of California Resources by 461.5% in 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 and hedge funds.

California Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Wednesday, August 27th were paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, August 27th. California Resources's payout ratio is presently 21.17%.

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.