Roth Capital Has Bullish Estimate for CRC Q1 Earnings

California Resources Co. (NYSE:CRC) – Roth Capital increased their Q1 2025 EPS estimates for shares of California Resources in a report released on Monday, March 3rd. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.80 for the quarter, up from their previous forecast of $0.71. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources’ Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $1.42 EPS, Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $3.83 EPS, Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $1.22 EPS and Q4 2026 earnings at $0.72 EPS.

California Resources (NYSE:CRC) last issued its quarterly earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 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 analysts’ expectations of $901.36 million.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of California Resources in a research report on Friday, December 20th. They set a “neutral” rating and a $63.00 price objective for the company. Truist Financial started coverage on shares of California Resources in a research report on Monday, January 13th. They set a “buy” rating and a $75.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of California Resources in a research report on Tuesday, January 14th. Barclays cut their price target on shares of California Resources from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Capital One Financial upgraded shares of California Resources to a “strong-buy” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, California Resources currently has an average rating of “Moderate Buy” and a consensus target price of $67.08.

California Resources Stock Performance

Shares of CRC stock opened at $40.89 on Thursday. The stock has a market capitalization of $3.74 billion, a PE ratio of 6.44, a P/E/G ratio of 1.02 and a beta of 1.06. The firm has a 50 day moving average of $49.34 and a two-hundred day moving average of $51.96. California Resources has a 52 week low of $38.02 and a 52 week high of $60.41. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On California Resources

Hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC grew its holdings in California Resources by 0.7% during the 4th quarter. Yousif Capital Management LLC now owns 26,924 shares of the oil and gas producer’s stock worth $1,397,000 after acquiring an additional 196 shares in the last quarter. GAMMA Investing LLC raised 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 worth $62,000 after buying an additional 222 shares in the last quarter. Arizona State Retirement System raised its position in shares of California Resources by 1.2% during the 4th quarter. Arizona State Retirement System now owns 18,199 shares of the oil and gas producer’s stock worth $944,000 after buying an additional 222 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of California Resources by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,217 shares of the oil and gas producer’s stock worth $374,000 after buying an additional 228 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of California Resources by 9.4% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director James N. Chapman purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $39.42 per share, with a total value of $78,840.00. Following the completion of the purchase, the director now directly owns 43,445 shares in the company, valued at approximately $1,712,601.90. This trade represents a 4.83 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Omar Hayat sold 16,016 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $55.18, for a total transaction of $883,762.88. Following the transaction, the executive vice president now directly owns 30,940 shares in the company, valued at approximately $1,707,269.20. This represents a 34.11 % decrease in their position. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

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 yield of 3.79%. California Resources’s 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.