Q1 Earnings Estimate for CRC Issued By Capital One Financial

California Resources Co. (NYSE:CRC) – Capital One Financial issued their Q1 2025 earnings per share (EPS) estimates for shares of California Resources in a report released on Wednesday, January 8th. Capital One Financial analyst P. Johnston anticipates that the oil and gas producer will post earnings per share of $0.83 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.

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

CRC has been the topic of several other research reports. Stephens started coverage on California Resources in a report on Tuesday, October 22nd. They issued an “overweight” rating and a $73.00 price target on the stock. Jefferies Financial Group began coverage on shares of California Resources in a research report on Thursday, October 24th. They set a “buy” rating and a $64.00 target price for the company. UBS Group initiated coverage on shares of California Resources in a report on Wednesday, October 16th. They issued a “buy” rating and a $68.00 price target on the stock. TD Cowen raised their price objective on shares of California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, StockNews.com raised California Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.09.

California Resources Trading Up 0.1 %

Shares of CRC stock opened at $52.53 on Friday. California Resources has a 52-week low of $43.09 and a 52-week high of $60.41. The business’s fifty day moving average is $54.87 and its 200 day moving average is $52.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. The company has a market capitalization of $4.80 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.35 and a beta of 1.05.

Hedge Funds Weigh In On California Resources

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 purchasing an additional 222 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in 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 buying an additional 276 shares in the last quarter. KBC Group NV raised its position in California Resources by 29.1% in the 3rd quarter. KBC Group NV now owns 1,910 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 431 shares during the last quarter. Amalgamated Bank lifted its stake in California Resources by 3.1% during the 3rd quarter. Amalgamated Bank now owns 20,406 shares of the oil and gas producer’s stock valued at $1,071,000 after acquiring an additional 605 shares during the period. Finally, AlphaMark Advisors LLC boosted its holdings in shares of California Resources by 10.9% during the 3rd quarter. AlphaMark Advisors LLC now owns 6,658 shares of the oil and gas producer’s stock valued at $349,000 after acquiring an additional 652 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 value of $883,762.88. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Noelle M. Repetti sold 8,770 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.75, for a total value of $488,927.50. Following the transaction, the vice president now directly owns 8,531 shares of the company’s stock, valued at $475,603.25. This represents a 50.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

California Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Monday, December 2nd. California Resources’s payout ratio is 24.41%.

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.