Roth Capital Analysts Cut Earnings Estimates for CRC

Key Points

• Roth Capital has revised its earnings forecast for California Resources Corporation (NYSE:CRC), decreasing the Q3 2025 earnings per share estimate from $1.58 to $1.53.
• California Resources recently reported Q2 earnings of $1.10 per share, exceeding expectations, with a revenue increase of 90.3% year-over-year to $978 million.
• Despite the updated earnings forecast, multiple analysts have increased their price targets on California Resources, with Barclays setting a new target at $66.00 and Citigroup at $47.00.

California Resources Corporation (NYSE:CRC - Free Report) - Research analysts at Roth Capital decreased their Q3 2025 earnings per share estimates for California Resources in a report issued on Monday, September 15th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $1.53 for the quarter, down from their previous forecast of $1.58. 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 $0.63 EPS and FY2025 earnings at $4.34 EPS.

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

A number of other analysts have also recently issued reports on CRC. JPMorgan Chase & Co. raised California Resources from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $60.00 to $63.00 in a research report on Tuesday, July 15th. Citigroup increased their price objective on California Resources from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Barclays raised their price target on California Resources from $60.00 to $66.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Zacks Research raised California Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 15th. Finally, Mizuho set a $71.00 price target on California Resources in a report on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, California Resources currently has a consensus rating of "Buy" and an average price target of $65.50.

California Resources Trading Down 4.5%

Shares of CRC traded down $2.59 during trading hours on Wednesday, hitting $54.99. 2,283,786 shares of the stock traded hands, compared to its average volume of 1,024,145. The business has a fifty day moving average of $49.87 and a 200-day moving average of $44.61. The firm has a market capitalization of $4.60 billion, a PE ratio of 7.51 and a beta of 1.16. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.26. California Resources has a 1-year low of $30.97 and a 1-year high of $60.41.

California Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Wednesday, August 27th were issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, August 27th. California Resources's dividend payout ratio (DPR) is currently 21.17%.

Institutional Investors Weigh In On California Resources

A number of hedge funds have recently made changes to their positions in CRC. Larson Financial Group LLC raised its holdings in California Resources by 269.4% during the 1st quarter. Larson Financial Group LLC now owns 639 shares of the oil and gas producer's stock worth $28,000 after buying an additional 466 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in California Resources by 68.8% in the first quarter. Harbor Capital Advisors Inc. now owns 775 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 316 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in California Resources in the second quarter valued at approximately $35,000. Nomura Asset Management Co. Ltd. raised its position in shares of 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 worth $42,000 after purchasing an additional 460 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position 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 buying an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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.