Q1 EPS Forecast 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 boosted their Q1 2026 EPS estimates for California Resources in a note issued to investors on Monday, September 15th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $0.42 for the quarter, up from their previous forecast 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.

California Resources (NYSE:CRC - Get Free Report) last released its earnings results on Tuesday, August 5th. The oil and gas producer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.19. The business had revenue of $978.00 million for the quarter, compared to the consensus estimate of $820.93 million. California Resources had a net margin of 16.14% and a return on equity of 11.95%. The firm's quarterly revenue was up 90.3% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share.

Several other analysts have also recently commented on CRC. Bank of America raised their price target on shares of California Resources from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Barclays upgraded shares of California Resources from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $50.00 to $60.00 in a report on Friday, May 30th. Mizuho set a $71.00 price target on shares of California Resources in a report on Monday. UBS Group raised their price target on shares of California Resources from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen cut shares of California Resources from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $64.42.

California Resources Stock Performance

California Resources stock opened at $56.25 on Tuesday. The firm's 50 day simple moving average is $49.16 and its 200-day simple moving average is $44.17. The company has a market cap of $4.71 billion, a P/E ratio of 7.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.78 and a quick ratio of 0.68. California Resources has a fifty-two week low of $30.97 and a fifty-two week high of $60.41.

Hedge Funds Weigh In On California Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in California Resources by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 2,846,722 shares of the oil and gas producer's stock valued at $130,010,000 after buying an additional 270,562 shares during the period. Sourcerock Group LLC boosted its holdings in California Resources by 63.8% during the second quarter. Sourcerock Group LLC now owns 2,000,649 shares of the oil and gas producer's stock valued at $91,370,000 after purchasing an additional 779,280 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in California Resources by 6.1% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,289,479 shares of the oil and gas producer's stock valued at $58,891,000 after purchasing an additional 73,885 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in California Resources by 3.0% during the first quarter. Orbis Allan Gray Ltd now owns 1,198,841 shares of the oil and gas producer's stock valued at $52,713,000 after purchasing an additional 34,593 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in California Resources by 4.4% during the first quarter. Victory Capital Management Inc. now owns 1,063,905 shares of the oil and gas producer's stock valued at $46,780,000 after purchasing an additional 44,938 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

California Resources Dividend Announcement

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

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.

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