Q1 EPS Estimates for CRC Lowered by Capital One Financial

California Resources Co. (NYSE:CRC) – Analysts at Capital One Financial dropped their Q1 2025 earnings estimates for California Resources in a report released on Wednesday, April 16th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will post earnings of $0.65 per share for the quarter, down from their previous forecast of $0.78. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources’ FY2025 earnings at $2.96 EPS.

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

California Resources Price Performance

Shares of CRC stock opened at $35.65 on Friday. The business’s fifty day moving average is $41.75 and its 200 day moving average is $49.42. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 1.02 and a beta of 1.03. California Resources has a twelve month low of $30.97 and a twelve month high of $60.41.

California Resources (NYSE:CRC) last posted its 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 for the quarter, compared to analysts’ expectations of $901.36 million. California Resources had a return on equity of 12.16% and a net margin of 17.43%.

Institutional Investors Weigh In On California Resources

Large investors have recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of California Resources in the fourth quarter worth approximately $31,000. Harbor Capital Advisors Inc. boosted its stake in shares of California Resources by 68.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 775 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 316 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 812 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of California Resources by 71.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,088 shares of the oil and gas producer’s stock valued at $56,000 after acquiring an additional 454 shares during the period. Finally, GAMMA Investing LLC increased its stake 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. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director James N. Chapman acquired 2,000 shares of California Resources stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $39.42 per share, for a total transaction of $78,840.00. Following the completion of the transaction, the director now owns 43,445 shares in the company, valued at $1,712,601.90. The trade was a 4.83 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

California Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.3875 per share. The ex-dividend date was Monday, March 10th. This represents a $1.55 dividend on an annualized basis and a yield of 4.35%. 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.