Roth Capital Issues Pessimistic Forecast for CRC Earnings

California Resources Co. (NYSE:CRC) – Stock analysts at Roth Capital lowered their Q1 2025 earnings estimates for California Resources in a research report issued on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.71 for the quarter, down from their previous forecast of $0.80. 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 $0.13 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $2.13 EPS, Q1 2026 earnings at $0.27 EPS, Q2 2026 earnings at $0.33 EPS and FY2026 earnings at $2.20 EPS.

CRC has been the subject of several other reports. Citigroup downgraded California Resources from a “buy” rating to a “neutral” rating and dropped their target price for the company from $62.00 to $36.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. initiated coverage on shares of California Resources in a report on Friday, December 20th. They issued a “neutral” rating and a $63.00 price objective for the company. Truist Financial began coverage on shares of California Resources in a report on Monday, January 13th. They set a “buy” rating and a $75.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of California Resources from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Finally, Barclays cut their price objective on California Resources from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.83.

California Resources Trading Up 0.8 %

Shares of NYSE CRC opened at $34.70 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.15 billion, a PE ratio of 5.46, a PEG ratio of 1.02 and a beta of 1.03. California Resources has a twelve month low of $30.97 and a twelve month high of $60.41. The stock has a fifty day simple moving average of $42.25 and a 200-day simple moving average of $49.66.

California Resources (NYSE:CRC) last posted its earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share 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.

California Resources Announces Dividend

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

Insiders Place Their Bets

In related news, Director James N. Chapman bought 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $39.42 per share, for a total transaction of $78,840.00. Following the acquisition, the director now owns 43,445 shares in the company, valued at approximately $1,712,601.90. This represents a 4.83 % increase in their position. The transaction 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 corporate insiders.

Institutional Investors Weigh In On California Resources

A number of institutional investors and hedge funds have recently bought and sold shares of CRC. First Trust Advisors LP grew its holdings in shares of California Resources by 14.2% during the fourth quarter. First Trust Advisors LP now owns 6,818,266 shares of the oil and gas producer’s stock worth $353,800,000 after purchasing an additional 845,694 shares during the last quarter. Palo Duro Investment Partners LP purchased a new stake in shares of California Resources in the 4th quarter valued at about $20,752,000. American Century Companies Inc. boosted its position in shares of California Resources by 14.2% in the 4th quarter. American Century Companies Inc. now owns 2,327,712 shares of the oil and gas producer’s stock valued at $120,785,000 after purchasing an additional 290,263 shares during the period. Balyasny Asset Management L.P. grew its stake in California Resources by 285.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 318,593 shares of the oil and gas producer’s stock worth $16,532,000 after buying an additional 235,955 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in California Resources by 158.7% during the fourth quarter. JPMorgan Chase & Co. now owns 374,793 shares of the oil and gas producer’s stock worth $19,448,000 after buying an additional 229,940 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.