What is Roth Capital’s Estimate for CRC FY2026 Earnings?

California Resources Co. (NYSE:CRC) – Equities researchers at Roth Capital issued their FY2026 earnings per share estimates for California Resources in a note issued to investors on Monday, March 3rd. Roth Capital analyst L. Mariani expects that the oil and gas producer will post earnings per share of $3.20 for the year. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share.

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

Several other research firms have also commented on CRC. TD Cowen increased their target price on shares of California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. began coverage on California Resources in a research note on Friday, December 20th. They set a “neutral” rating and a $63.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of California Resources in a research note on Tuesday, January 14th. StockNews.com upgraded California Resources from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Barclays lowered their price objective on California Resources from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, California Resources presently has an average rating of “Moderate Buy” and a consensus price target of $67.08.

California Resources Trading Up 3.1 %

CRC stock opened at $40.37 on Wednesday. The company has a market capitalization of $3.69 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. California Resources has a one year low of $38.02 and a one year high of $60.41. The company’s 50 day moving average price is $49.55 and its two-hundred day moving average price is $52.04.

California Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.3875 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.55 annualized dividend and a dividend yield of 3.84%. California Resources’s dividend payout ratio is 24.41%.

Insider Activity

In related news, EVP Omar Hayat sold 16,016 shares of California Resources stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $55.18, for a total transaction of $883,762.88. Following the completion of the transaction, the executive vice president now directly owns 30,940 shares of the company’s stock, valued at $1,707,269.20. This trade represents a 34.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On California Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in shares of California Resources in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC increased its holdings in shares of California Resources by 331.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer’s stock worth $53,000 after purchasing an additional 812 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in 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 worth $56,000 after buying an additional 454 shares in the last quarter. GAMMA Investing LLC raised its position in California Resources by 22.8% in the 4th quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer’s stock worth $62,000 after buying an additional 222 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in California Resources during the 3rd quarter valued at about $70,000. Institutional investors 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.