Roth Capital Issues Optimistic Estimate for CRC Earnings

California Resources Co. (NYSE:CRC) – Stock analysts at Roth Capital raised their Q2 2025 earnings per share (EPS) estimates for shares of California Resources in a note issued to investors on Wednesday, May 7th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.87 for the quarter, up from their prior forecast of $0.13. Roth Capital has a “Buy” rating on the stock. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources’ Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $0.76 EPS, FY2025 earnings at $3.93 EPS, Q1 2026 earnings at $0.51 EPS, Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $1.25 EPS, Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $3.14 EPS.

California Resources (NYSE:CRC) last released its earnings results on Tuesday, May 6th. The oil and gas producer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.24. California Resources had a return on equity of 12.16% and a net margin of 17.43%. The company had revenue of $912.00 million for the quarter, compared to the consensus estimate of $862.14 million. During the same quarter last year, the business posted $0.75 EPS. California Resources’s quarterly revenue was up 100.9% compared to the same quarter last year.

Several other brokerages also recently issued reports on CRC. Barclays raised their price target on California Resources from $47.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. StockNews.com raised California Resources from a “hold” rating to a “buy” rating in a report on Monday. Truist Financial raised California Resources to a “strong-buy” rating in a report on Tuesday, May 6th. Mizuho cut their target price on California Resources from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, UBS Group lifted their target price on California Resources from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.64.

California Resources Trading Up 3.9%

NYSE:CRC opened at $43.81 on Monday. 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 business’s 50 day moving average is $38.95 and its two-hundred day moving average is $47.56. California Resources has a 52 week low of $30.97 and a 52 week high of $60.41. The company has a market cap of $3.91 billion, a PE ratio of 6.90, a P/E/G ratio of 1.02 and a beta of 1.06.

Hedge Funds Weigh In On California Resources

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of California Resources by 22.8% in the 4th quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer’s stock worth $62,000 after acquiring an additional 222 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of California Resources by 14.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 19,288 shares of the oil and gas producer’s stock worth $1,001,000 after acquiring an additional 2,437 shares during the last quarter. Clear Harbor Asset Management LLC grew its holdings in shares of California Resources by 6.0% in the 4th quarter. Clear Harbor Asset Management LLC now owns 7,475 shares of the oil and gas producer’s stock worth $388,000 after acquiring an additional 425 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of California Resources by 71.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer’s stock worth $56,000 after acquiring an additional 454 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of California Resources by 5.6% in the 4th quarter. CX Institutional now owns 26,524 shares of the oil and gas producer’s stock worth $1,376,000 after acquiring an additional 1,411 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James N. Chapman purchased 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $39.42 per share, for a total transaction of $78,840.00. Following the transaction, the director now owns 43,445 shares in the company, valued at $1,712,601.90. This trade represents a 4.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

California Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, May 30th. California Resources’s dividend payout ratio (DPR) is presently 28.13%.

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.