Capital One Financial Has Negative View of CRC Q3 Earnings

California Resources Corporation (NYSE:CRC - Free Report) - Capital One Financial cut their Q3 2025 earnings per share estimates for shares of California Resources in a research note issued to investors on Tuesday, July 15th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings of $0.81 per share for the quarter, down from their previous forecast of $0.92. 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 $0.77 EPS, FY2025 earnings at $3.53 EPS, Q3 2026 earnings at $0.78 EPS, FY2026 earnings at $2.80 EPS and FY2027 earnings at $2.86 EPS.

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

A number of other brokerages also recently weighed in on CRC. Truist Financial upgraded California Resources to a "strong-buy" rating in a report on Tuesday, May 6th. Citigroup lifted their target price on California Resources from $44.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday. UBS Group set a $58.00 price target on California Resources and gave the stock a "buy" rating in a report on Monday, July 14th. Wall Street Zen lowered California Resources from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, Roth Capital restated a "buy" rating on shares of California Resources in a research note on Saturday. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $62.27.

California Resources Price Performance

CRC traded up $3.28 on Thursday, reaching $51.31. The stock had a trading volume of 2,423,644 shares, compared to its average volume of 848,705. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 9.31 and a beta of 1.16. The firm has a 50-day moving average of $45.37 and a 200-day moving average of $44.39. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 0.25. California Resources has a fifty-two week low of $30.97 and a fifty-two week high of $60.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC boosted its stake in shares of California Resources by 2.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 15,738 shares of the oil and gas producer's stock worth $719,000 after buying an additional 403 shares during the last quarter. Sage Rhino Capital LLC increased its holdings in shares of California Resources by 8.8% in the second quarter. Sage Rhino Capital LLC now owns 27,950 shares of the oil and gas producer's stock worth $1,276,000 after purchasing an additional 2,249 shares during the last quarter. Paragon Capital Management Ltd increased its holdings in shares of California Resources by 13.6% in the second quarter. Paragon Capital Management Ltd now owns 5,253 shares of the oil and gas producer's stock worth $240,000 after purchasing an additional 627 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of California Resources by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 41,402 shares of the oil and gas producer's stock worth $1,890,000 after purchasing an additional 1,911 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in California Resources during the second quarter worth approximately $624,000. Institutional investors own 97.79% of the company's stock.

California Resources Announces Dividend

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

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.