Roth Capital Issues Optimistic Forecast for CRC Earnings

California Resources Co. (NYSE:CRC - Free Report) - Equities research analysts at Roth Capital increased their Q2 2025 earnings per share (EPS) estimates for shares of California Resources in a research note issued to investors on Wednesday, May 7th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $0.87 for the quarter, up from their prior forecast of $0.13. 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' Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $0.76 EPS, FY2025 earnings at $3.93 EPS, Q1 2026 earnings at $0.51 EPS, Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $1.25 EPS, Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $3.14 EPS.

CRC has been the subject of a number of other reports. Royal Bank of Canada decreased their target price on shares of California Resources from $68.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. UBS Group upped their price objective on California Resources from $49.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America decreased their price objective on California Resources from $64.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Citigroup lowered California Resources from a "buy" rating to a "neutral" rating and dropped their target price for the company from $62.00 to $36.00 in a report on Monday, April 7th. Finally, Truist Financial upgraded California Resources to a "strong-buy" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

California Resources Trading Down 0.3%

CRC opened at $40.57 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. California Resources has a 52 week low of $30.97 and a 52 week high of $60.41. The business's 50 day moving average is $38.86 and its two-hundred day moving average is $47.66. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 6.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06.

California Resources (NYSE:CRC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.24. California Resources had a net margin of 17.43% and a return on equity of 12.16%. The company had revenue of $912.00 million for the quarter, compared to analysts' expectations of $862.14 million. During the same quarter last year, the company earned $0.75 earnings per share. The firm's revenue for the quarter was up 100.9% on a year-over-year basis.

California Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Friday, May 30th. California Resources's dividend payout ratio is presently 28.13%.

Insider Buying and Selling at California Resources

In other California Resources news, Director James N. Chapman bought 2,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $39.42 per share, for a total transaction of $78,840.00. Following the transaction, the director now directly owns 43,445 shares in the company, valued at $1,712,601.90. The trade was a 4.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On California Resources

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of California Resources by 22.8% during the 4th quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer's stock valued at $62,000 after acquiring an additional 222 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of California Resources by 14.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 19,288 shares of the oil and gas producer's stock valued at $1,001,000 after purchasing an additional 2,437 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of California Resources by 6.0% in the 4th quarter. Clear Harbor Asset Management LLC now owns 7,475 shares of the oil and gas producer's stock valued at $388,000 after purchasing an additional 425 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of California Resources by 71.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer's stock valued at $56,000 after purchasing an additional 454 shares during the period. Finally, CX Institutional increased its stake in California Resources by 5.6% in the 4th quarter. CX Institutional now owns 26,524 shares of the oil and gas producer's stock worth $1,376,000 after purchasing an additional 1,411 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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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