Roth Capital Issues Negative Forecast for CRC Earnings

California Resources Co. (NYSE:CRC) – Stock analysts at Roth Capital cut their Q3 2026 earnings estimates for California Resources in a research note issued to investors on Monday, April 14th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings of $1.01 per share for the quarter, down from their prior estimate of $1.22. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Roth Capital also issued estimates for California Resources’ Q4 2026 earnings at $0.59 EPS.

California Resources (NYSE:CRC) last released its quarterly earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 12.16% and a net margin of 17.43%.

A number of other equities analysts have also recently issued reports on CRC. JPMorgan Chase & Co. initiated coverage on shares of California Resources in a research report on Friday, December 20th. They set a “neutral” rating and a $63.00 target price for the company. Citigroup lowered California Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $62.00 to $36.00 in a research note on Monday, April 7th. Barclays cut their price target on California Resources from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Royal Bank of Canada decreased their price objective on California Resources from $68.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial assumed coverage on shares of California Resources in a research note on Monday, January 13th. They issued a “buy” rating and a $75.00 target price for the company. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.83.

California Resources Trading Up 0.8 %

NYSE:CRC opened at $34.70 on Wednesday. The company has a market capitalization of $3.15 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 1.02 and a beta of 1.03. California Resources has a 52-week low of $30.97 and a 52-week high of $60.41. The stock has a fifty day simple moving average of $42.25 and a 200-day simple moving average of $49.66. 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

Several institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new position in California Resources during the 4th quarter worth approximately $31,000. Harbor Capital Advisors Inc. increased its holdings in shares of California Resources by 68.8% during the first quarter. Harbor Capital Advisors Inc. now owns 775 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 316 shares during the period. Smartleaf Asset Management LLC raised its position in shares of California Resources by 331.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the oil and gas producer’s stock worth $53,000 after buying an additional 812 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in California Resources by 71.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer’s stock worth $56,000 after purchasing an additional 454 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of California Resources by 22.8% in the fourth quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer’s stock valued at $62,000 after buying an additional 222 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at California Resources

In other news, Director James N. Chapman acquired 2,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $39.42 per share, for a total transaction of $78,840.00. Following the acquisition, the director now directly owns 43,445 shares of the company’s stock, valued at $1,712,601.90. This represents a 4.83 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

California Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.3875 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.47%. California Resources’s dividend payout ratio (DPR) is 37.71%.

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.