Q3 Earnings Estimate for CRC Issued By Capital One Financial

California Resources Corporation (NYSE:CRC) – Analysts at Capital One Financial upped their Q3 2025 earnings estimates for California Resources in a report released on Thursday, August 21st. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings of $1.32 per share for the quarter, up from their previous forecast of $0.81. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources’ FY2025 earnings at $4.35 EPS.

California Resources (NYSE:CRC) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.19. The company had revenue of $978.00 million for the quarter, compared to analysts’ expectations of $820.93 million. California Resources had a return on equity of 11.95% and a net margin of 16.14%.The firm’s revenue for the quarter was up 90.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share.

Other analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of California Resources from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. UBS Group upped their price objective on shares of California Resources from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Bank of America cut their price target on California Resources from $64.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Mizuho upped their price target on California Resources from $61.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Barclays upgraded California Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $50.00 to $60.00 in a research note on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $63.00.

California Resources Stock Up 0.0%

NYSE:CRC opened at $49.9190 on Monday. The firm’s 50-day moving average price is $47.75 and its 200-day moving average price is $43.76. The company has a market capitalization of $4.18 billion, a PE ratio of 6.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.78 and a quick ratio of 0.68. California Resources has a 1-year low of $30.97 and a 1-year high of $60.41.

California Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, August 27th. California Resources’s dividend payout ratio (DPR) is currently 21.17%.

Institutional Investors Weigh In On California Resources

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its holdings in California Resources by 269.4% in the 1st quarter. Larson Financial Group LLC now owns 639 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 466 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of California Resources during the 2nd quarter valued at about $35,000. Harbor Capital Advisors Inc. boosted its holdings in shares of California Resources by 68.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 775 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 316 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of California Resources by 97.9% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 460 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in California Resources by 242.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,476 shares of the oil and gas producer’s stock worth $67,000 after purchasing an additional 1,045 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

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.