Roth Capital Has Negative Outlook for CRC Q3 Earnings

California Resources Co. (NYSE:CRC) – Analysts at Roth Capital cut their Q3 2026 earnings estimates for shares of California Resources in a note issued to investors on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $1.01 per share for the quarter, down from their previous forecast of $1.22. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources’ Q4 2026 earnings at $0.59 EPS.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of California Resources in a research note on Friday, December 20th. They set a “neutral” rating and a $63.00 price target for the company. Truist Financial began coverage on shares of California Resources in a report on Monday, January 13th. They set a “buy” rating and a $75.00 target price for the company. Royal Bank of Canada cut their price target on California Resources from $68.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Citigroup cut California Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $62.00 to $36.00 in a research note on Monday, April 7th. Finally, Barclays cut their target price on California Resources from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, California Resources presently has an average rating of “Moderate Buy” and an average price target of $63.83.

California Resources Stock Performance

Shares of NYSE:CRC opened at $35.65 on Wednesday. The stock has a market capitalization of $3.23 billion, a P/E ratio of 5.61, a P/E/G ratio of 1.02 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. California Resources has a 1-year low of $30.97 and a 1-year high of $60.41. The business has a 50-day moving average price of $42.00 and a two-hundred day moving average price of $49.54.

California Resources (NYSE:CRC) last released its earnings results 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 the consensus estimate of $901.36 million. California Resources had a return on equity of 12.16% and a net margin of 17.43%.

California Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Monday, March 10th. California Resources’s dividend payout ratio is 37.71%.

Insider Buying and Selling

In other news, Director James N. Chapman acquired 2,000 shares of California Resources stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $39.42 per share, with a total value of $78,840.00. Following the completion of the transaction, the director now directly owns 43,445 shares of the company’s stock, valued at approximately $1,712,601.90. This represents a 4.83 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On California Resources

Several institutional investors have recently bought and sold shares of the company. First Trust Advisors LP raised its holdings in shares of California Resources by 14.2% in the fourth quarter. First Trust Advisors LP now owns 6,818,266 shares of the oil and gas producer’s stock valued at $353,800,000 after purchasing an additional 845,694 shares during the last quarter. Palo Duro Investment Partners LP bought a new position in California Resources in the fourth quarter valued at $20,752,000. American Century Companies Inc. increased its stake in 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 valued at $120,785,000 after buying an additional 290,263 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in 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 buying an additional 235,955 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in California Resources by 158.7% during the 4th quarter. JPMorgan Chase & Co. now owns 374,793 shares of the oil and gas producer’s stock worth $19,448,000 after buying an additional 229,940 shares in the last quarter. 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.