Q3 Earnings Estimate for CRC Issued By Capital One Financial

Key Points

• Capital One Financial raised their Q3 2025 EPS estimate for California Resources Corporation from $0.81 to $1.32, reflecting positive expectations for the oil and gas producer.
• California Resources reported a remarkable 90.3% increase in quarterly revenue compared to the same period last year, with earnings of $1.10 per share, exceeding analysts' expectations.
• The company has recently declared a quarterly dividend of $0.3875, translating to an annualized yield of 3.1%, indicating strong financial health and shareholder returns.

California Resources Corporation (NYSE:CRC - Free Report) - Research analysts at Capital One Financial upped their Q3 2025 EPS estimates for shares of California Resources in a note issued to investors on Thursday, August 21st. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings of $1.32 per share for the quarter, up from their prior forecast of $0.81. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources' FY2025 earnings at $4.35 EPS.

A number of other analysts also recently weighed in on CRC. Wall Street Zen downgraded shares of California Resources from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Bank of America cut their price target on shares of California Resources from $64.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Roth Capital reaffirmed a "buy" rating on shares of California Resources in a report on Saturday, July 19th. Truist Financial raised shares of California Resources to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Barclays raised shares of California Resources from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $50.00 to $60.00 in a report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $63.00.

California Resources Price Performance

Shares of California Resources stock traded down $0.27 on Monday, reaching $49.63. 963,108 shares of the stock were exchanged, compared to its average volume of 849,728. The firm's 50 day moving average is $47.75 and its 200-day moving average is $43.76. California Resources has a one year low of $30.97 and a one year high of $60.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.68 and a current ratio of 0.78. The firm has a market cap of $4.15 billion, a PE ratio of 10.90 and a beta of 1.16.

California Resources (NYSE:CRC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $1.10 earnings per share 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 during the quarter, compared to the consensus estimate of $820.93 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm's quarterly revenue was up 90.3% on a year-over-year basis.

Hedge Funds Weigh In On California Resources

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of California Resources by 2.1% during the first quarter. Principal Financial Group Inc. now owns 384,200 shares of the oil and gas producer's stock valued at $16,893,000 after acquiring an additional 8,047 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of California Resources by 50.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,211 shares of the oil and gas producer's stock valued at $463,000 after acquiring an additional 3,436 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of California Resources by 1.4% during the first 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 acquiring an additional 300 shares during the last quarter. KBC Group NV raised its stake in shares of California Resources by 41.3% during the first quarter. KBC Group NV now owns 3,569 shares of the oil and gas producer's stock valued at $157,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of California Resources by 17.4% during the first quarter. Crossmark Global Holdings Inc. now owns 4,823 shares of the oil and gas producer's stock valued at $212,000 after acquiring an additional 716 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

California Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Wednesday, August 27th will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.55 annualized dividend and a yield of 3.1%. California Resources's dividend 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.