Roth Capital Issues Optimistic Estimate for CRC Earnings

Key Points

• Roth Capital has raised its Q4 2025 EPS forecast for California Resources Corporation from $0.58 to $0.69, maintaining a "Buy" rating for the stock.
• California Resources posted an earnings per share (EPS) of $1.10 in its most recent quarter, exceeding expectations and reflecting a 90.3% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.3875, resulting in an annualized yield of 3.3% for shareholders.

California Resources Corporation (NYSE:CRC - Free Report) - Equities researchers at Roth Capital increased their Q4 2025 earnings per share (EPS) estimates for California Resources in a research report issued on Wednesday, August 6th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings per share of $0.69 for the quarter, up from their prior forecast of $0.58. Roth Capital has a "Buy" rating on the stock. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources' Q1 2026 earnings at $0.41 EPS, Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $1.09 EPS, Q4 2026 earnings at $0.65 EPS and FY2026 earnings at $2.46 EPS.

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

CRC has been the subject of a number of other reports. Citigroup raised their price target on California Resources from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. upgraded California Resources from a "neutral" rating to an "overweight" rating and raised their price target for the company from $60.00 to $63.00 in a research note on Tuesday, July 15th. Truist Financial upgraded California Resources to a "strong-buy" rating in a research note on Tuesday, May 6th. UBS Group reiterated a "buy" rating and set a $61.00 target price (up from $58.00) on shares of California Resources in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded California Resources from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $62.82.

California Resources Stock Down 1.3%

CRC stock traded down $0.61 during mid-day trading on Monday, reaching $48.38. The company had a trading volume of 78,882 shares, compared to its average volume of 949,841. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.78 and a quick ratio of 0.68. The stock has a 50 day simple moving average of $47.40 and a two-hundred day simple moving average of $43.86. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 6.61 and a beta of 1.16. California Resources has a 52 week low of $30.97 and a 52 week high of $60.41.

Institutional Trading of California Resources

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in California Resources by 269.4% in the 1st quarter. Larson Financial Group LLC now owns 639 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 466 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in California Resources in the 2nd quarter valued at $35,000. Harbor Capital Advisors Inc. boosted its stake in California Resources by 68.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 775 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 316 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in California Resources by 97.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the oil and gas producer's stock valued at $42,000 after purchasing an additional 460 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in California Resources by 242.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,476 shares of the oil and gas producer's stock valued at $67,000 after purchasing an additional 1,045 shares during the period. 97.79% of the stock is currently owned by institutional investors.

California Resources Announces Dividend

The company also recently declared 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 is Wednesday, August 27th. This represents a $1.55 annualized dividend and a yield of 3.2%. 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.