Q2 EPS Forecast for California Resources Lifted by Analyst

California Resources Co. (NYSE:CRC) – Investment analysts at Capital One Financial raised their Q2 2025 earnings per share estimates for shares of California Resources in a research report issued to clients and investors on Tuesday, March 4th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings per share of $0.95 for the quarter, up from their previous forecast of $0.64. Capital One Financial currently has a “Strong-Buy” rating on the stock. 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 $1.24 EPS, Q4 2025 earnings at $1.00 EPS, FY2025 earnings at $3.93 EPS and FY2026 earnings at $3.68 EPS.

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

Several other research analysts have also issued reports on CRC. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price target on shares of California Resources in a research report on Tuesday, January 14th. Truist Financial began coverage on California Resources in a report on Monday, January 13th. They set a “buy” rating and a $75.00 target price on the stock. JPMorgan Chase & Co. began coverage on California Resources in a report on Friday, December 20th. They set a “neutral” rating and a $63.00 target price on the stock. StockNews.com upgraded California Resources from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, TD Cowen lifted their target price on California Resources from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.08.

California Resources Stock Up 3.1 %

NYSE:CRC opened at $40.37 on Thursday. California Resources has a 12-month low of $38.02 and a 12-month high of $60.41. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.69 billion, a P/E ratio of 6.36, a P/E/G ratio of 1.02 and a beta of 1.06. The stock’s fifty day simple moving average is $49.55 and its 200-day simple moving average is $52.04.

Institutional Trading of California Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC increased its position in shares of California Resources by 0.7% in the fourth quarter. Yousif Capital Management LLC now owns 26,924 shares of the oil and gas producer’s stock valued at $1,397,000 after acquiring an additional 196 shares during the last quarter. GAMMA Investing LLC increased its position in California Resources by 22.8% during the fourth quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer’s stock worth $62,000 after buying an additional 222 shares during the last quarter. Arizona State Retirement System increased its position in California Resources by 1.2% during the fourth quarter. Arizona State Retirement System now owns 18,199 shares of the oil and gas producer’s stock worth $944,000 after buying an additional 222 shares during the last quarter. Summit Investment Advisors Inc. increased its position in California Resources by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,217 shares of the oil and gas producer’s stock worth $374,000 after buying an additional 228 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in California Resources by 9.4% during the third 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 last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling at California Resources

In related news, EVP Omar Hayat sold 16,016 shares of California Resources stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $55.18, for a total value of $883,762.88. Following the sale, the executive vice president now owns 30,940 shares of the company’s stock, valued at approximately $1,707,269.20. The trade was a 34.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

California Resources Announces Dividend

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