Q2 Earnings Estimate for CRC Issued By Capital One Financial

California Resources Co. (NYSE:CRC) – Stock analysts at Capital One Financial reduced their Q2 2025 earnings estimates for California Resources in a research note issued on Wednesday, April 16th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will earn $0.65 per share for the quarter, down from their previous estimate of $0.77. 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 $0.94 EPS, Q4 2025 earnings at $0.71 EPS and FY2026 earnings at $2.74 EPS.

A number of other research analysts also recently commented on CRC. Truist Financial initiated coverage on California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of California Resources in a research note on Friday, December 20th. They issued a “neutral” rating and a $63.00 price objective on the stock. Citigroup downgraded California Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $62.00 to $36.00 in a report on Monday, April 7th. Barclays reduced their price objective 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. Finally, Royal Bank of Canada lowered their target price on California Resources from $68.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.83.

California Resources Price Performance

Shares of NYSE CRC opened at $34.70 on Thursday. The business has a fifty day moving average price of $42.25 and a two-hundred day moving average price of $49.66. The stock has a market capitalization of $3.15 billion, a PE ratio of 5.46, a P/E/G ratio of 1.02 and a beta of 1.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.97 and a quick ratio of 0.89. California Resources has a fifty-two week low of $30.97 and a fifty-two week high of $60.41.

California Resources (NYSE:CRC) last announced its earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). The business 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Monday, March 10th. California Resources’s payout ratio is 37.71%.

Insider Buying and Selling

In other news, Director James N. Chapman bought 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 $1,712,601.90. This trade represents a 4.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On California Resources

Several institutional investors have recently bought and sold shares of CRC. R Squared Ltd bought a new stake in California Resources in the 4th quarter worth about $31,000. Harbor Capital Advisors Inc. grew its holdings in shares of California Resources by 68.8% in the first 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 in the last quarter. Smartleaf Asset Management LLC increased its position in shares of California Resources by 331.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer’s stock valued at $53,000 after acquiring an additional 812 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in California Resources by 71.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer’s stock worth $56,000 after acquiring an additional 454 shares during the period. Finally, GAMMA Investing LLC boosted its position in California Resources by 22.8% in the fourth quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer’s stock worth $62,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

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.