Roth Capital Has Optimistic Outlook of CRC Q3 Earnings

Key Points

• Roth Capital has raised its Q3 2025 earnings estimate for California Resources Corporation from $1.37 to $1.58 per share, maintaining a "Buy" rating on the stock.
• California Resources reported a quarterly earnings per share of $1.10, exceeding analysts' expectations, alongside a significant revenue increase of 90.3% year-over-year.
• The company announced a dividend of $0.3875 per share, with the ex-dividend date set for August 27th, representing an annualized yield of 3.3%.

California Resources Corporation (NYSE:CRC - Free Report) - Equities research analysts at Roth Capital boosted their Q3 2025 EPS estimates for California Resources in a note issued to investors on Wednesday, August 6th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $1.58 per share for the quarter, up from their prior estimate of $1.37. 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' FY2025 earnings at $4.44 EPS.

CRC has been the subject of a number of other reports. Citigroup boosted their target price on shares of California Resources from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Truist Financial upgraded shares of 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 price objective (up from $58.00) on shares of California Resources in a research note on Friday. Barclays upgraded shares of California Resources from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $50.00 to $60.00 in a research note on Friday, May 30th. Finally, Bank of America decreased their price objective on shares of California Resources from $64.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $62.82.

California Resources Trading Up 0.8%

California Resources stock traded up $0.36 during trading on Friday, reaching $47.48. The company had a trading volume of 729,791 shares, compared to its average volume of 988,626. California Resources has a 12-month low of $30.97 and a 12-month high of $60.41. The stock's 50 day moving average price is $47.11 and its two-hundred day moving average price is $43.91. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 6.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.74 and a current ratio of 0.78.

California Resources (NYSE:CRC - Get Free Report) last released its earnings results on Tuesday, August 5th. The oil and gas producer reported $1.10 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $978.00 million during the quarter, compared to the consensus estimate of $820.93 million. During the same period in the previous year, the firm earned $0.60 earnings per share. California Resources's revenue was up 90.3% compared to the same quarter last year.

Hedge Funds Weigh In On California Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Investment Advisors Inc. increased its stake in shares of 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 worth $374,000 after buying an additional 228 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in 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. New York State Teachers Retirement System grew its holdings in California Resources by 1.4% during the 1st quarter. New York State Teachers Retirement System now owns 22,000 shares of the oil and gas producer's stock worth $967,000 after acquiring an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of 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 worth $34,000 after purchasing an additional 316 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of California Resources by 5.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,929 shares of the oil and gas producer's stock valued at $360,000 after purchasing an additional 372 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

California Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Wednesday, August 27th will be given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 27th. 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.