Roth Capital Analysts Lower Earnings Estimates for CRC

California Resources Co. (NYSE:CRC) – Analysts at Roth Capital decreased their Q3 2025 EPS estimates for California Resources in a research note issued on Wednesday, November 6th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $1.48 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 earnings results on Tuesday, November 5th. The oil and gas producer reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.62. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $973.13 million. California Resources had a net margin of 17.43% and a return on equity of 12.16%. California Resources’s revenue was up 194.1% on a year-over-year basis. During the same quarter last year, the company posted $1.02 earnings per share.

A number of other equities research analysts have also recently weighed in on CRC. StockNews.com cut California Resources from a “hold” rating to a “sell” rating in a report on Friday. Jefferies Financial Group started coverage on California Resources in a report on Thursday, October 24th. They set a “buy” rating and a $64.00 price target on the stock. Citigroup lifted their price target on California Resources from $63.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Bank of America raised California Resources from a “neutral” rating to a “buy” rating and lifted their price target for the company from $57.00 to $65.00 in a report on Wednesday, August 21st. Finally, Stephens started coverage on shares of California Resources in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $73.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.50.

California Resources Stock Performance

CRC opened at $56.93 on Friday. The business’s 50 day moving average is $52.04 and its 200-day moving average is $50.74. The stock has a market cap of $3.86 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 2.33 and a debt-to-equity ratio of 0.32. California Resources has a twelve month low of $43.09 and a twelve month high of $60.41.

California Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.3875 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.55 annualized dividend and a yield of 2.72%. California Resources’s dividend payout ratio (DPR) is 24.41%.

Insiders Place Their Bets

In other California Resources news, VP Noelle M. Repetti sold 8,770 shares of California Resources stock in a transaction that occurred 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 owns 8,531 shares in the company, valued at approximately $475,603.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other California Resources news, Director Christian S. Kendall purchased 20,895 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $47.97 per share, for a total transaction of $1,002,333.15. Following the completion of the transaction, the director now owns 24,600 shares in the company, valued at $1,180,062. This represents a 500.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Noelle M. Repetti sold 8,770 shares of California Resources stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.75, for a total transaction of $488,927.50. Following the completion of the transaction, the vice president now owns 8,531 shares in the company, valued at approximately $475,603.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,270 shares of company stock worth $1,387,778. 0.03% of the stock is owned by insiders.

Hedge Funds Weigh In On California Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRC. Texas Permanent School Fund Corp boosted its stake in California Resources by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 56,452 shares of the oil and gas producer’s stock worth $3,111,000 after purchasing an additional 738 shares during the period. Empowered Funds LLC boosted its stake in California Resources by 879.4% in the 1st quarter. Empowered Funds LLC now owns 143,051 shares of the oil and gas producer’s stock worth $7,882,000 after purchasing an additional 128,445 shares during the period. SG Americas Securities LLC boosted its stake in California Resources by 497.6% in the 1st quarter. SG Americas Securities LLC now owns 30,945 shares of the oil and gas producer’s stock worth $1,705,000 after purchasing an additional 25,767 shares during the period. Sei Investments Co. boosted its stake in California Resources by 44.7% in the 1st quarter. Sei Investments Co. now owns 71,693 shares of the oil and gas producer’s stock worth $3,950,000 after purchasing an additional 22,150 shares during the period. Finally, ProShare Advisors LLC boosted its stake in California Resources by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 13,937 shares of the oil and gas producer’s stock worth $768,000 after purchasing an additional 967 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.