Q1 EPS Estimates for CRC Raised by Capital One Financial

California Resources Corporation (NYSE:CRC) – Stock analysts at Capital One Financial lifted their Q1 2026 EPS estimates for shares of California Resources in a research note issued to investors on Tuesday, July 15th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.65 per share for the quarter, up from their previous forecast of $0.64. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources’ Q2 2026 earnings at $0.61 EPS and Q4 2026 earnings at $0.76 EPS.

Several other analysts have also issued reports on CRC. Citigroup boosted their price objective on shares of California Resources from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. upgraded shares of California Resources from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $63.00 in a research note on Tuesday. Wall Street Zen lowered shares of California Resources from a “buy” rating to a “hold” rating in a research note on Sunday, June 29th. Royal Bank Of Canada cut their target price on shares of California Resources from $68.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, UBS Group set a $58.00 target price on shares of California Resources and gave the stock a “buy” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, California Resources currently has an average rating of “Buy” and an average target price of $62.27.

California Resources Trading Up 6.8%

Shares of CRC stock opened at $51.31 on Friday. The company’s 50-day moving average price is $45.37 and its 200-day moving average price is $44.44. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 9.31 and a beta of 1.16. California Resources has a twelve month low of $30.97 and a twelve month high of $60.41.

California Resources (NYSE:CRC) last announced its earnings results on Tuesday, May 6th. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.24. The company had revenue of $912.00 million for the quarter, compared to analysts’ expectations of $862.14 million. California Resources had a net margin of 13.70% and a return on equity of 11.45%. The firm’s quarterly revenue was up 100.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS.

California Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Friday, May 30th. California Resources’s payout ratio is currently 28.13%.

Institutional Investors Weigh In On California Resources

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of California Resources by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 9,345,789 shares of the oil and gas producer’s stock valued at $484,953,000 after acquiring an additional 225,620 shares during the period. First Trust Advisors LP lifted its holdings 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 purchasing an additional 845,694 shares during the period. American Century Companies Inc. lifted its holdings in shares of California Resources by 10.7% during the first quarter. American Century Companies Inc. now owns 2,576,160 shares of the oil and gas producer’s stock worth $113,274,000 after purchasing an additional 248,448 shares during the period. Geode Capital Management LLC lifted its holdings in shares of California Resources by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,605,779 shares of the oil and gas producer’s stock worth $83,344,000 after purchasing an additional 13,116 shares during the period. Finally, Orbis Allan Gray Ltd lifted its holdings in shares of California Resources by 3.0% during the first quarter. Orbis Allan Gray Ltd now owns 1,198,841 shares of the oil and gas producer’s stock worth $52,713,000 after purchasing an additional 34,593 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

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.