Brokers Set Expectations for CRC Q1 Earnings

California Resources Co. (NYSE:CRC) – Analysts at Capital One Financial issued their Q1 2025 earnings estimates for shares of California Resources in a note issued to investors 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 currently 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 results on Tuesday, November 5th. The oil and gas producer reported $1.50 earnings per share for the quarter, topping 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 period last year, the business earned $1.02 EPS. The business’s quarterly revenue was up 194.1% on a year-over-year basis.

Several other equities analysts have also recently weighed in on CRC. UBS Group assumed coverage on shares of California Resources in a research note on Wednesday, October 16th. They issued a “buy” rating and a $68.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of California Resources in a report on Friday, December 20th. They issued a “neutral” rating and a $63.00 price objective on the stock. Jefferies Financial Group started coverage on shares of California Resources in a report on Thursday, October 24th. They issued a “buy” rating and a $64.00 price objective on the stock. TD Cowen upped their price objective on shares of California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Stephens initiated coverage on shares of California Resources in a report on Tuesday, October 22nd. They issued an “overweight” rating and a $73.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.09.

California Resources Price Performance

NYSE:CRC opened at $52.78 on Friday. California Resources has a 1-year low of $43.09 and a 1-year high of $60.41. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $54.89 and a 200 day simple moving average of $52.47. The stock has a market capitalization of $4.82 billion, a PE ratio of 8.31, a P/E/G ratio of 1.35 and a beta of 1.05.

California Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.3875 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.94%. California Resources’s dividend payout ratio (DPR) is currently 24.41%.

Insider Transactions at California Resources

In other news, VP Noelle M. Repetti sold 8,770 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.75, for a total value of $488,927.50. Following the completion of the transaction, the vice president now owns 8,531 shares of the company’s stock, valued at $475,603.25. This represents a 50.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Omar Hayat sold 16,016 shares of the company’s 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 directly 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 disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Institutional Trading of California Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in California Resources by 61.5% during the 3rd quarter. GAMMA Investing LLC now owns 974 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 371 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of California Resources during the 3rd quarter worth approximately $70,000. KBC Group NV grew its position in shares of California Resources by 29.1% during 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 period. Farther Finance Advisors LLC grew its position in shares of California Resources by 9.4% during 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 during the period. Finally, Atria Investments Inc acquired a new stake in shares of California Resources during the 3rd quarter worth approximately $209,000. Institutional investors and hedge funds 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.