Q2 Earnings Estimate for CRC Issued By Capital One Financial

California Resources Co. (NYSE:CRC) – Analysts at Capital One Financial increased their Q2 2025 earnings per share estimates for California Resources in a note issued to investors on Tuesday, March 4th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings of $0.95 per share for the quarter, up from their previous estimate of $0.64. Capital One Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources’ Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.00 EPS, FY2025 earnings at $3.93 EPS and FY2026 earnings at $3.68 EPS.

A number of other brokerages also recently weighed in on CRC. Truist Financial assumed coverage on shares of California Resources in a report on Monday, January 13th. They set a “buy” rating and a $75.00 price target for the company. JPMorgan Chase & Co. initiated coverage on California Resources in a research note on Friday, December 20th. They set a “neutral” rating and a $63.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of California Resources in a report on Tuesday, January 14th. StockNews.com upgraded California Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, TD Cowen lifted their target price on California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.08.

California Resources Trading Up 1.5 %

Shares of California Resources stock opened at $40.89 on Thursday. 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 12-month low of $38.02 and a 12-month high of $60.41. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 1.02 and a beta of 1.06. The firm’s 50-day moving average price is $49.34 and its two-hundred day moving average price is $51.96.

California Resources (NYSE:CRC) last released its earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.05). The company had revenue of $877.00 million for the quarter, compared to analyst estimates of $901.36 million. California Resources had a return on equity of 12.16% and a net margin of 17.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of 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 worth $353,800,000 after buying an additional 845,694 shares during the period. Weiss Asset Management LP bought a new stake in California Resources during the third quarter valued at $28,043,000. Palo Duro Investment Partners LP acquired a new stake in California Resources during the 4th quarter worth about $20,752,000. American Century Companies Inc. raised its position in shares of California Resources by 14.2% in the 4th quarter. American Century Companies Inc. now owns 2,327,712 shares of the oil and gas producer’s stock worth $120,785,000 after acquiring an additional 290,263 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of California Resources by 285.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 318,593 shares of the oil and gas producer’s stock valued at $16,532,000 after purchasing an additional 235,955 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, Director James N. Chapman bought 2,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $39.42 per share, with a total value of $78,840.00. Following the acquisition, the director now owns 43,445 shares of the company’s stock, valued at $1,712,601.90. This represents a 4.83 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Omar Hayat sold 16,016 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $55.18, for a total value of $883,762.88. Following the completion of the sale, the executive vice president now directly owns 30,940 shares of the company’s stock, valued at approximately $1,707,269.20. The trade was a 34.11 % decrease in their position. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

California Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.3875 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.55 dividend on an annualized basis and a yield of 3.79%. California Resources’s dividend payout ratio (DPR) is presently 24.41%.

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.