Roth Capital Issues Optimistic Outlook for CRC Earnings

California Resources Co. (NYSE:CRC) – Research analysts at Roth Capital lifted their Q1 2025 earnings estimates for shares of California Resources in a note issued to investors on Monday, March 3rd. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $0.80 per share for the quarter, up from their prior estimate 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.

A number of other equities research analysts have also recently issued reports on the stock. StockNews.com raised shares of California Resources from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of California Resources in a research note on Tuesday, January 14th. Truist Financial started coverage on shares of California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of California Resources in a research note on Friday, December 20th. They issued a “neutral” rating and a $63.00 price target on the stock. Finally, TD Cowen upped their price target on shares of California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.08.

California Resources Trading Up 3.1 %

Shares of NYSE:CRC opened at $40.37 on Thursday. The company’s 50-day moving average price is $49.55 and its two-hundred day moving average price is $52.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.97 and a quick ratio of 0.89. California Resources has a one year low of $38.02 and a one year high of $60.41. The stock has a market capitalization of $3.69 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06.

California Resources (NYSE:CRC) last announced 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). The firm had revenue of $877.00 million during the quarter, compared to analyst estimates of $901.36 million. California Resources had a net margin of 17.43% and a return on equity of 12.16%.

Hedge Funds Weigh In On California Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRC. Yousif Capital Management LLC raised its stake in shares of California Resources by 0.7% during the fourth quarter. Yousif Capital Management LLC now owns 26,924 shares of the oil and gas producer’s stock valued at $1,397,000 after acquiring an additional 196 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of California Resources by 22.8% during the fourth 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. Arizona State Retirement System raised its stake in shares of California Resources by 1.2% during the fourth quarter. Arizona State Retirement System now owns 18,199 shares of the oil and gas producer’s stock valued at $944,000 after acquiring an additional 222 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of California Resources by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,217 shares of the oil and gas producer’s stock valued at $374,000 after acquiring an additional 228 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake 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 valued at $169,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Transactions at California Resources

In related news, EVP Omar Hayat sold 16,016 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were 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 $1,707,269.20. This represents a 34.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by insiders.

California Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, March 10th. California Resources’s dividend payout ratio (DPR) is presently 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.