Q1 Earnings Forecast for CRC Issued By Capital One Financial

California Resources Co. (NYSE:CRC) – Investment analysts at Capital One Financial cut their Q1 2025 earnings estimates for California Resources in a research report issued on Tuesday, March 4th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings per share of $0.74 for the quarter, down from their previous forecast of $0.82. 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.

CRC has been the topic of several other research reports. StockNews.com upgraded shares of California Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Truist Financial assumed coverage on shares of California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.00 price target on the stock. TD Cowen raised their price target 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. JPMorgan Chase & Co. assumed coverage on shares of California Resources in a research note on Friday, December 20th. They issued a “neutral” rating and a $63.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of California Resources in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.25.

California Resources Stock Down 1.5 %

Shares of NYSE CRC opened at $39.15 on Wednesday. The company’s 50-day simple moving average is $49.77 and its 200-day simple moving average is $52.12. California Resources has a 52-week low of $38.02 and a 52-week high of $60.41. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32.

California Resources (NYSE:CRC) last announced its 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 net margin of 17.43% and a return on equity of 12.16%. The company had revenue of $877.00 million during the quarter, compared to analyst estimates of $901.36 million.

Institutional Investors Weigh In On California Resources

A number of institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of California Resources during the fourth quarter valued at about $1,475,000. GF Fund Management CO. LTD. acquired a new stake in shares of California Resources during the fourth quarter valued at about $1,145,000. GTS Securities LLC acquired a new stake in shares of California Resources during the fourth quarter valued at about $669,000. Sourcerock Group LLC increased its position in shares of California Resources by 6.5% during the fourth quarter. Sourcerock Group LLC now owns 1,084,947 shares of the oil and gas producer’s stock valued at $56,298,000 after acquiring an additional 65,981 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of California Resources by 22.5% during the fourth quarter. Squarepoint Ops LLC now owns 25,297 shares of the oil and gas producer’s stock valued at $1,313,000 after acquiring an additional 4,647 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other California Resources news, EVP Omar Hayat sold 16,016 shares of California Resources stock in a transaction dated 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 trade represents a 34.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

California Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Monday, March 10th. California Resources’s dividend payout ratio (DPR) is presently 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.