California Resources (CRC) Expected to Post Earnings on Monday

Key Points

• California Resources is expected to report Q3 2026 results before the market opens Monday, November 2. Analysts forecast earnings of $1.00 per share on revenue of $967.71 million, with a conference call scheduled for November 3.
• The company’s previous quarter fell short on earnings, reporting $0.99 per share versus the $1.36 consensus estimate, although revenue reached $1.30 billion and rose 33% year over year.
• CRC shares recently opened at $54.63, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $74.44. The company also pays a quarterly dividend of $0.405 per share, yielding about 3% annually.

California Resources (NYSE:CRC - Get Free Report) will likely be announcing its Q3 2026 results before the market opens on Monday, November 2nd. Analysts expect the company to post earnings of $1.00 per share and revenue of $967.71 million for the quarter. Individuals are encouraged to explore the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 1:00 PM ET.

California Resources (NYSE:CRC - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The oil and gas producer reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.36 by ($0.37). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $960.20 million. California Resources had a positive return on equity of 9.82% and a negative net margin of 3.79%. The company's quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. On average, analysts expect California Resources to post $4.30 EPS for the current fiscal year and $3.51 EPS for the next fiscal year.

California Resources Price Performance

Shares of CRC opened at $54.63 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.56 and a current ratio of 0.66. The firm has a market cap of $4.85 billion, a PE ratio of -40.17 and a beta of 1.02. California Resources has a twelve month low of $43.24 and a twelve month high of $71.98. The firm's 50 day moving average price is $53.52 and its 200 day moving average price is $56.33.

California Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a $0.4050 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.0%. California Resources's payout ratio is currently -119.12%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup decreased their price target on California Resources from $78.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Zacks Research raised California Resources from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 26th. Seaport Research Partners began coverage on California Resources in a research note on Thursday, September 3rd. They issued a "neutral" rating on the stock. Weiss Ratings upgraded California Resources from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Finally, Stephens lowered their price target on California Resources from $93.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.44.

Insider Buying and Selling at California Resources

In related news, EVP Jay Bys sold 11,907 shares of California Resources stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $54.00, for a total transaction of $642,978.00. Following the sale, the executive vice president directly owned 123,703 shares of the company's stock, valued at $6,679,962. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 35,721 shares of company stock valued at $1,928,934 in the last three months. 0.53% of the stock is currently owned by company insiders.

California Resources Company Profile

California Resources Corporation NYSE: CRC is an independent energy company focused on the exploration, development and production of oil and natural gas in California. Its operations are concentrated in the state's San Joaquin and Los Angeles basins, where the company produces crude oil, natural gas and natural gas liquids for industrial, commercial and transportation markets.

In addition to conventional oil and gas production, California Resources is developing carbon-management projects through its Carbon TerraVault business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.