Analysts Offer Predictions for CRC Q1 Earnings

California Resources Co. (NYSE:CRC) – Equities research analysts at Capital One Financial issued their Q1 2025 earnings per share (EPS) estimates for shares of California Resources in a report issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston forecasts that the oil and gas producer will earn $0.83 per share for the quarter. Capital One Financial has a “Strong-Buy” rating on the stock. The consensus estimate for California Resources’ current full-year earnings is $3.58 per share. Capital One Financial also issued estimates for California Resources’ Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $1.11 EPS, Q4 2025 earnings at $1.01 EPS and FY2026 earnings at $3.66 EPS.

A number of other research analysts have also commented on CRC. JPMorgan Chase & Co. began coverage on California Resources in a report on Friday, December 20th. They set a “neutral” rating and a $63.00 price objective on the stock. Stephens started coverage on California Resources in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $73.00 target price for the company. UBS Group assumed coverage on California Resources in a research report on Wednesday, October 16th. They issued a “buy” rating and a $68.00 price objective for the company. Jefferies Financial Group initiated coverage on California Resources in a research report on Thursday, October 24th. They set a “buy” rating and a $64.00 target price for the company. Finally, Barclays increased their price target on California Resources from $55.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Three equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.09.

California Resources Trading Up 0.3 %

Shares of CRC stock opened at $52.78 on Friday. 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 has a fifty-two week low of $43.09 and a fifty-two week high of $60.41. The stock has a market capitalization of $4.82 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.35 and a beta of 1.05. The stock has a 50-day simple moving average of $54.89 and a 200 day simple moving average of $52.47.

California Resources (NYSE:CRC) last issued its earnings results on Tuesday, November 5th. The oil and gas producer reported $1.50 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.62. California Resources had a return on equity of 12.16% and a net margin of 17.43%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $973.13 million. During the same period last year, the company earned $1.02 earnings per share. The firm’s revenue for the quarter was up 194.1% on a year-over-year basis.

California Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Monday, December 2nd. California Resources’s dividend payout ratio is 24.41%.

Insider Activity at California Resources

In related news, EVP Omar Hayat sold 16,016 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $55.18, for a total value of $883,762.88. Following the transaction, the executive vice president now owns 30,940 shares in the company, valued at approximately $1,707,269.20. This represents a 34.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Noelle M. Repetti sold 8,770 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.75, for a total value of $488,927.50. Following the sale, the vice president now owns 8,531 shares in the company, valued at approximately $475,603.25. This represents a 50.69 % decrease in their position. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of California Resources by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,576,306 shares of the oil and gas producer’s stock worth $190,328,000 after purchasing an additional 165,629 shares during the period. State Street Corp increased its stake in shares of California Resources by 5.1% during the third quarter. State Street Corp now owns 3,449,988 shares of the oil and gas producer’s stock valued at $181,021,000 after purchasing an additional 168,278 shares in the last quarter. American Century Companies Inc. increased its stake in shares of California Resources by 18.1% during the second quarter. American Century Companies Inc. now owns 1,631,432 shares of the oil and gas producer’s stock valued at $86,825,000 after purchasing an additional 250,367 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of California Resources by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,592,663 shares of the oil and gas producer’s stock valued at $83,583,000 after purchasing an additional 55,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of California Resources by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 974,202 shares of the oil and gas producer’s stock valued at $51,116,000 after acquiring an additional 75,606 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

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.