Q2 Earnings Estimate for CRC Issued By Capital One Financial

California Resources Co. (NYSE:CRC - Free Report) - Equities researchers at Capital One Financial raised their Q2 2025 earnings estimates for shares of California Resources in a research report issued on Monday, May 19th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings per share of $0.96 for the quarter, up from their previous estimate of $0.65. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' Q4 2025 earnings at $0.81 EPS, FY2025 earnings at $3.78 EPS, Q1 2026 earnings at $0.65 EPS, Q3 2026 earnings at $0.93 EPS, Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $2.86 EPS and FY2027 earnings at $2.68 EPS.

Other analysts also recently issued reports about the company. Wall Street Zen lowered California Resources from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays increased their price objective on California Resources from $47.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Truist Financial raised California Resources to a "strong-buy" rating in a research report on Tuesday, May 6th. Bank of America dropped their price target on shares of California Resources from $64.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Roth Capital reissued a "buy" rating on shares of California Resources in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.36.

California Resources Stock Down 0.4%

Shares of NYSE:CRC traded down $0.18 during trading on Wednesday, reaching $42.07. 441,794 shares of the stock traded hands, compared to its average volume of 870,611. The stock has a market cap of $3.75 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. The stock has a 50-day moving average of $38.98 and a two-hundred day moving average of $46.93. California Resources has a 52-week low of $30.97 and a 52-week high of $60.41.

California Resources (NYSE:CRC - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $1.07 EPS for the quarter, topping the consensus estimate of $0.83 by $0.24. The business had revenue of $912.00 million for the quarter, compared to the consensus estimate of $862.14 million. California Resources had a return on equity of 12.16% and a net margin of 17.43%. The company's revenue for the quarter was up 100.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share.

Institutional Trading of California Resources

Large investors have recently bought and sold shares of the business. Yousif Capital Management LLC raised its holdings in California Resources by 0.7% in the 4th quarter. Yousif Capital Management LLC now owns 26,924 shares of the oil and gas producer's stock valued at $1,397,000 after buying an additional 196 shares during the period. Arizona State Retirement System lifted its stake in California Resources by 1.2% in the fourth quarter. Arizona State Retirement System now owns 18,199 shares of the oil and gas producer's stock worth $944,000 after acquiring an additional 222 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in California Resources by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,217 shares of the oil and gas producer's stock valued at $374,000 after buying an additional 228 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of 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. Finally, New York State Teachers Retirement System boosted its holdings in shares of California Resources by 1.4% in the 1st quarter. New York State Teachers Retirement System now owns 22,000 shares of the oil and gas producer's stock valued at $967,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insiders Place Their Bets

In other California Resources news, Director James N. Chapman purchased 2,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $39.42 per share, for a total transaction of $78,840.00. Following the completion of the transaction, the director now owns 43,445 shares of the company's stock, valued at $1,712,601.90. This trade represents a 4.83% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.03% of the company's stock.

California Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.3875 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.55 annualized dividend and a yield of 3.68%. California Resources's dividend payout ratio (DPR) is 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.