Q3 EPS Forecast for California Resources Lifted by Analyst

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 researchers at Roth Capital upped their Q3 2025 earnings estimates for California Resources in a report released on Wednesday, August 6th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will earn $1.58 per share for the quarter, up from their previous forecast 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 research reports. Bank of America decreased their target price 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. Citigroup increased their price target 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 report on Tuesday, May 6th. Wall Street Zen cut shares of California Resources from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, JPMorgan Chase & Co. upgraded shares of California Resources from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $60.00 to $63.00 in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, California Resources currently has an average rating of "Buy" and an average target price of $62.82.

California Resources Stock Up 3.0%

Shares of NYSE CRC traded up $1.41 on Friday, reaching $48.73. 556,196 shares of the company's stock traded hands, compared to its average volume of 954,908. California Resources has a 12 month low of $30.97 and a 12 month high of $60.41. The business's 50 day simple moving average is $47.15 and its two-hundred day simple moving average is $43.81. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 6.66 and a beta of 1.16. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.26.

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 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 period in the prior year, the firm earned $0.60 earnings per share. California Resources's revenue was up 90.3% on a year-over-year basis.

Institutional Trading of California Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP grew its position in California Resources by 14.2% during the fourth quarter. First Trust Advisors LP now owns 6,818,266 shares of the oil and gas producer's stock valued at $353,800,000 after buying an additional 845,694 shares during the period. American Century Companies Inc. grew its position in California Resources by 10.5% during the second quarter. American Century Companies Inc. now owns 2,846,722 shares of the oil and gas producer's stock valued at $130,010,000 after buying an additional 270,562 shares during the period. Geode Capital Management LLC grew its position in California Resources by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,605,779 shares of the oil and gas producer's stock valued at $83,344,000 after buying an additional 13,116 shares during the period. Orbis Allan Gray Ltd grew its position in California Resources by 3.0% during the first quarter. Orbis Allan Gray Ltd now owns 1,198,841 shares of the oil and gas producer's stock valued at $52,713,000 after buying an additional 34,593 shares during the period. Finally, Sourcerock Group LLC grew its position in California Resources by 6.5% during the fourth quarter. Sourcerock Group LLC now owns 1,084,947 shares of the oil and gas producer's stock valued at $56,298,000 after buying an additional 65,981 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

California Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.2%. California Resources's dividend payout ratio is presently 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.