Research Analysts Offer Predictions for CRC FY2025 Earnings

Key Points

• Roth Capital has lowered its FY2025 earnings per share estimate for California Resources Corporation (CRC) to $4.32, reflecting a slight decline from the previous estimate of $4.34.
• Several firms, including UBS Group and Bank of America, have raised their price targets for CRC, with a current consensus price target set at $66.83.
• California Resources has recently declared a quarterly dividend of $0.3875, representing an annualized dividend yield of 3.2%.

California Resources Corporation (NYSE:CRC - Free Report) - Equities researchers at Roth Capital dropped their FY2025 EPS estimates for shares of California Resources in a note issued to investors on Tuesday, October 14th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $4.32 per share for the year, down from their previous forecast of $4.34. The consensus estimate for California Resources' current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources' Q4 2025 earnings at $0.60 EPS.

Several other research firms also recently weighed in on CRC. UBS Group boosted their target price on shares of California Resources from $63.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Wall Street Zen downgraded shares of California Resources from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Bank of America boosted their price objective on shares of California Resources from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Barclays boosted their price objective on shares of California Resources from $60.00 to $66.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Finally, Mizuho set a $71.00 price objective on shares of California Resources in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $66.83.

California Resources Price Performance

CRC opened at $48.00 on Thursday. The company has a 50-day moving average of $51.35 and a 200-day moving average of $45.78. The company has a market capitalization of $4.02 billion, a P/E ratio of 6.56 and a beta of 1.16. California Resources has a 1-year low of $30.97 and a 1-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.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRC. Larson Financial Group LLC raised its position in California Resources by 269.4% in the first quarter. Larson Financial Group LLC now owns 639 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 466 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in California Resources during the second quarter valued at approximately $35,000. Nomura Asset Management Co. Ltd. lifted its stake in California Resources by 97.9% during the second 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 last quarter. EverSource Wealth Advisors LLC lifted its stake in California Resources by 242.5% during the second 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 last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in California Resources during the first quarter valued at approximately $79,000. Institutional investors own 97.79% of the company's stock.

California Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Wednesday, August 27th were paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 27th. California Resources's payout ratio is currently 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.

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