Q2 EPS Estimates for CRC Lowered by Capital One Financial

California Resources Co. (NYSE:CRC - Free Report) - Stock analysts at Capital One Financial lowered their Q2 2025 earnings per share estimates for shares of California Resources in a research note issued to investors on Wednesday, April 16th. 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, down from their prior forecast of $0.77. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.71 EPS and FY2026 earnings at $2.74 EPS.

CRC has been the topic of several other reports. Citigroup cut California Resources from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $62.00 to $36.00 in a research note on Monday, April 7th. Barclays reduced their target price on shares of California Resources from $57.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. Truist Financial started coverage on shares of California Resources in a report on Monday, January 13th. They issued a "buy" rating and a $75.00 price objective on the stock. Finally, Royal Bank of Canada lowered 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. Four 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 company's stock. Based on data from MarketBeat, California Resources has an average rating of "Moderate Buy" and a consensus price target of $63.83.

California Resources Stock Up 2.8 %

Shares of CRC stock traded up $0.97 during midday trading on Thursday, reaching $35.29. 209,768 shares of the stock were exchanged, compared to its average volume of 851,352. California Resources has a 1 year low of $30.97 and a 1 year high of $60.41. The firm has a market cap of $3.20 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 1.02 and a beta of 1.03. The company's 50 day moving average is $41.52 and its two-hundred day moving average is $49.23. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bfsg LLC increased its stake in California Resources by 9.2% during the 1st quarter. Bfsg LLC now owns 6,670 shares of the oil and gas producer's stock valued at $293,000 after purchasing an additional 561 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in California Resources by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 15,335 shares of the oil and gas producer's stock worth $674,000 after acquiring an additional 293 shares in the last quarter. SG Americas Securities LLC purchased a new position in California Resources in the first quarter valued at $356,000. Yousif Capital Management LLC grew its holdings in California Resources by 1.5% during the 1st quarter. Yousif Capital Management LLC now owns 27,331 shares of the oil and gas producer's stock worth $1,202,000 after acquiring an additional 407 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of 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 worth $34,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Insider Activity

In related news, Director James N. Chapman bought 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $39.42 per share, with a total value of $78,840.00. Following the completion of the acquisition, the director now owns 43,445 shares of the company's stock, valued at $1,712,601.90. This represents a 4.83 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company's stock.

California Resources Dividend Announcement

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

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.