Q3 Earnings Estimate for CRC Issued By Capital One Financial

California Resources Corporation (NYSE:CRC) – Investment analysts at Capital One Financial dropped their Q3 2025 earnings estimates for California Resources in a report released on Friday, October 10th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings per share of $1.16 for the quarter, down from their previous forecast of $1.29. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources’ Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $3.91 EPS and FY2027 earnings at $3.33 EPS.

A number of other analysts have also issued reports on the company. Bank of America increased their target price on California Resources from $60.00 to $66.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Citigroup increased their price objective on California Resources from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. UBS Group raised their price objective on California Resources from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. lifted their target price on California Resources from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, Wall Street Zen lowered shares of California Resources from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $66.83.

California Resources Trading Down 2.9%

NYSE CRC opened at $48.36 on Monday. California Resources has a twelve month low of $30.97 and a twelve month high of $60.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.68 and a current ratio of 0.78. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 6.61 and a beta of 1.16. The firm’s 50 day moving average price is $51.37 and its two-hundred day moving average price is $45.76.

California Resources (NYSE:CRC) last released its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. The business had revenue of $978.00 million for the quarter, compared to analyst estimates of $820.93 million. California Resources had a net margin of 16.14% and a return on equity of 11.95%. The firm’s revenue was up 90.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share.

Institutional Trading of California Resources

A number of institutional investors have recently added to or reduced their stakes in CRC. Sourcerock Group LLC increased its stake in shares of California Resources by 63.8% during the 2nd quarter. Sourcerock Group LLC now owns 2,000,649 shares of the oil and gas producer’s stock worth $91,370,000 after purchasing an additional 779,280 shares during the last quarter. Invesco Ltd. boosted its holdings in California Resources by 155.8% in the second quarter. Invesco Ltd. now owns 1,062,553 shares of the oil and gas producer’s stock worth $48,527,000 after purchasing an additional 647,190 shares in the last quarter. Nuveen LLC acquired a new position in California Resources during the first quarter worth $28,254,000. Millennium Management LLC raised its holdings in California Resources by 255.5% during the first quarter. Millennium Management LLC now owns 677,093 shares of the oil and gas producer’s stock valued at $29,772,000 after buying an additional 486,650 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of California Resources by 461.5% in the second quarter. Balyasny Asset Management L.P. now owns 557,037 shares of the oil and gas producer’s stock worth $25,440,000 after buying an additional 457,835 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

California Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Wednesday, August 27th were issued a $0.3875 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $1.55 dividend on an annualized basis and a yield of 3.2%. California Resources’s dividend payout ratio is currently 21.17%.

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.