Roth Capital Issues Pessimistic Estimate for CRC Earnings

California Resources Co. (NYSE:CRC) – Research analysts at Roth Capital decreased their Q3 2025 earnings per share (EPS) estimates for shares of California Resources in a research report issued on Wednesday, November 6th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will earn $1.48 per share for the quarter, down from their prior forecast of $1.71. The consensus estimate for California Resources’ current full-year earnings is $3.45 per share.

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

A number of other analysts also recently commented on CRC. Stephens assumed coverage on California Resources in a report on Tuesday, October 22nd. They set an “overweight” rating and a $73.00 price objective for the company. Bank of America upgraded California Resources from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $57.00 to $65.00 in a report on Wednesday, August 21st. UBS Group assumed coverage on California Resources in a report on Wednesday, October 16th. They set a “buy” rating and a $68.00 price objective for the company. Jefferies Financial Group assumed coverage on California Resources in a report on Thursday, October 24th. They set a “buy” rating and a $64.00 price objective for the company. Finally, Barclays upped their price objective on California Resources from $55.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, California Resources has an average rating of “Moderate Buy” and a consensus price target of $65.50.

California Resources Trading Up 0.6 %

CRC stock opened at $56.93 on Friday. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.40 and a beta of 0.98. The company has a quick ratio of 2.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $52.04 and a 200-day simple moving average of $50.74. California Resources has a 52 week low of $43.09 and a 52 week high of $60.41.

California Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.3875 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.55 annualized dividend and a dividend yield of 2.72%. California Resources’s dividend payout ratio is presently 24.41%.

Insider Activity

In other California Resources news, Director Christian S. Kendall bought 20,895 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $47.97 per share, for a total transaction of $1,002,333.15. Following the completion of the purchase, the director now directly owns 24,600 shares of the company’s stock, valued at approximately $1,180,062. The trade was a 500.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Francisco Leon sold 7,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $49.18, for a total transaction of $368,850.00. Following the transaction, the chief executive officer now owns 166,357 shares of the company’s stock, valued at approximately $8,181,437.26. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christian S. Kendall purchased 20,895 shares of California Resources stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $47.97 per share, for a total transaction of $1,002,333.15. Following the transaction, the director now directly owns 24,600 shares of the company’s stock, valued at approximately $1,180,062. The trade was a 500.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 26,270 shares of company stock worth $1,387,778 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On California Resources

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of California Resources by 61.5% during the third quarter. GAMMA Investing LLC now owns 974 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 371 shares during the last quarter. KBC Group NV lifted its position in shares of California Resources by 29.1% during the third quarter. KBC Group NV now owns 1,910 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 431 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of California Resources by 9.4% during the third quarter. Farther Finance Advisors LLC now owns 3,224 shares of the oil and gas producer’s stock worth $169,000 after purchasing an additional 276 shares during the last quarter. Atria Investments Inc bought a new position in shares of California Resources during the third quarter worth about $209,000. Finally, Privium Fund Management B.V. bought a new position in shares of California Resources during the second quarter worth about $258,000. 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.