Roth Capital Issues Optimistic Outlook for CRC Earnings

California Resources Co. (NYSE:CRC) – Analysts at Roth Capital raised their Q1 2025 EPS estimates for California Resources in a research note issued on Monday, March 3rd. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings per share of $0.80 for the quarter, up from their prior estimate of $0.71. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources’ Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $1.42 EPS, Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $3.83 EPS, Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $1.22 EPS and Q4 2026 earnings at $0.72 EPS.

Several other equities analysts also recently weighed in on the stock. Truist Financial started coverage on shares of California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of California Resources in a research note on Friday, December 20th. They issued a “neutral” rating and a $63.00 target price for the company. Barclays reduced their target price on shares of California Resources from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Wednesday. TD Cowen lifted their target price on shares of California Resources from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Capital One Financial upgraded shares of California Resources to a “strong-buy” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, California Resources has a consensus rating of “Moderate Buy” and an average price target of $67.08.

California Resources Stock Up 3.1 %

CRC opened at $40.37 on Thursday. The firm has a market capitalization of $3.69 billion, a P/E ratio of 6.36, a PEG ratio of 1.02 and a beta of 1.06. 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 $38.02 and a fifty-two week high of $60.41. The company’s 50-day moving average is $49.55 and its 200 day moving average is $52.04.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC raised its holdings in California Resources by 0.7% in the 4th quarter. Yousif Capital Management LLC now owns 26,924 shares of the oil and gas producer’s stock worth $1,397,000 after purchasing an additional 196 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 purchasing an additional 222 shares in the last quarter. Arizona State Retirement System raised its holdings in California Resources by 1.2% in the 4th quarter. Arizona State Retirement System now owns 18,199 shares of the oil and gas producer’s stock worth $944,000 after purchasing an additional 222 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in California Resources by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,217 shares of the oil and gas producer’s stock worth $374,000 after purchasing an additional 228 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of California Resources by 9.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,224 shares of the oil and gas producer’s stock worth $169,000 after buying an additional 276 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at California Resources

In related news, EVP Omar Hayat sold 16,016 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 30,940 shares in the company, valued at $1,707,269.20. This represents a 34.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.

California Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.3875 per share. The ex-dividend date is Monday, March 10th. This represents a $1.55 dividend on an annualized basis and a yield of 3.84%. California Resources’s dividend payout ratio is currently 24.41%.

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.