Q2 EPS Forecast for California Resources Lifted by Analyst

California Resources Co. (NYSE:CRC) – Equities research analysts at Capital One Financial upped their Q2 2025 earnings per share (EPS) estimates for California Resources in a report released on Tuesday, March 4th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.95 per share for the quarter, up from their prior forecast of $0.64. Capital One Financial 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 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). California Resources had a return on equity of 12.16% and a net margin of 17.43%. The firm had revenue of $877.00 million for the quarter, compared to the consensus estimate of $901.36 million.

A number of other brokerages have also recently issued reports on CRC. Truist Financial assumed coverage on California Resources in a report on Monday, January 13th. They set a “buy” rating and a $75.00 price objective for the company. Barclays reduced their price objective on California Resources from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday. TD Cowen boosted their price target on California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. assumed coverage on California Resources in a research note on Friday, December 20th. They issued a “neutral” rating and a $63.00 price target for the company. Finally, StockNews.com upgraded California Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three research 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.08.

California Resources Trading Up 3.1 %

Shares of 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 stock has a market cap of $3.69 billion, a PE ratio of 6.36, a P/E/G ratio of 1.02 and a beta of 1.06. The business has a 50 day moving average of $49.55 and a 200-day moving average of $52.04. 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 Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, March 10th. This represents a $1.55 annualized dividend and a yield of 3.84%. California Resources’s dividend payout ratio (DPR) is 24.41%.

Insider Buying and Selling at California Resources

In related news, EVP Omar Hayat sold 16,016 shares of California Resources stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $55.18, for a total value of $883,762.88. Following the completion of the transaction, the executive vice president now directly owns 30,940 shares in the company, valued at approximately $1,707,269.20. The trade was a 34.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRC. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in California Resources in the 4th quarter valued at $1,475,000. GF Fund Management CO. LTD. bought a new position in California Resources in the 4th quarter valued at $1,145,000. GTS Securities LLC bought a new position in California Resources in the 4th quarter valued at $669,000. Sourcerock Group LLC boosted its holdings in California Resources by 6.5% in the 4th quarter. Sourcerock Group LLC now owns 1,084,947 shares of the oil and gas producer’s stock valued at $56,298,000 after purchasing an additional 65,981 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in California Resources by 22.5% in the 4th quarter. Squarepoint Ops LLC now owns 25,297 shares of the oil and gas producer’s stock valued at $1,313,000 after purchasing an additional 4,647 shares during the period. 97.79% of the stock is currently owned by hedge funds and other 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.