FY2026 Earnings Forecast for CRC Issued By Roth Capital

California Resources Co. (NYSE:CRC) – Roth Capital issued their FY2026 earnings estimates for shares of California Resources in a note issued to investors on Monday, March 3rd. Roth Capital analyst L. Mariani forecasts that the oil and gas producer will earn $3.20 per share for the year. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share.

California Resources (NYSE:CRC) last posted its quarterly earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share (EPS) 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 business had revenue of $877.00 million during the quarter, compared to analyst estimates of $901.36 million.

CRC has been the topic of a number of other research reports. TD Cowen raised their target price on California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial began coverage on shares of California Resources in a research report on Monday, January 13th. They set a “buy” rating and a $75.00 price target on the stock. StockNews.com raised California Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. JPMorgan Chase & Co. started coverage on California Resources in a research note on Friday, December 20th. They set a “neutral” rating and a $63.00 target price on the stock. Finally, Barclays decreased their price objective on shares of California Resources from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, California Resources has a consensus rating of “Moderate Buy” and a consensus price target of $67.08.

California Resources Trading Up 3.1 %

NYSE:CRC opened at $40.37 on Wednesday. California Resources has a one year low of $38.02 and a one year high of $60.41. The company has a market cap of $3.69 billion, a PE ratio of 6.36, a PEG ratio of 1.02 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.97 and a quick ratio of 0.89. The firm has a 50-day moving average of $49.55 and a 200-day moving average of $52.04.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRC. R Squared Ltd purchased a new stake in shares of California Resources in the fourth quarter worth $31,000. Smartleaf Asset Management LLC raised its holdings in shares of California Resources by 331.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer’s stock valued at $53,000 after acquiring an additional 812 shares in the last quarter. Nisa Investment Advisors LLC raised 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 valued at $56,000 after acquiring an additional 454 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of California Resources by 22.8% during the 4th quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer’s stock valued at $62,000 after acquiring an additional 222 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of California Resources during the third quarter worth about $70,000. 97.79% of the stock is owned by institutional investors.

Insider Transactions 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 shares were sold at an average price of $55.18, for a total transaction of $883,762.88. Following the sale, the executive vice president now owns 30,940 shares of the company’s stock, valued at approximately $1,707,269.20. This represents a 34.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

California Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.3875 per share. The ex-dividend date is Monday, March 10th. This represents a $1.55 annualized dividend and a dividend yield of 3.84%. California Resources’s dividend payout ratio is currently 24.41%.

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.