Q3 EPS Estimates for CRC Cut by Capital One Financial

California Resources Corporation (NYSE:CRC) – Equities research analysts at Capital One Financial dropped their Q3 2025 earnings per share (EPS) estimates for California Resources in a research note issued on Tuesday, July 15th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.81 per share for the quarter, down from their previous estimate of $0.92. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share. Capital One Financial also issued estimates for California Resources’ Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $3.53 EPS, Q3 2026 earnings at $0.78 EPS, FY2026 earnings at $2.80 EPS and FY2027 earnings at $2.86 EPS.

California Resources (NYSE:CRC) last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.24. The firm had revenue of $912.00 million for the quarter, compared to analyst estimates of $862.14 million. California Resources had a return on equity of 11.45% and a net margin of 13.70%. The company’s revenue for the quarter was up 100.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share.

CRC has been the topic of a number of other reports. Bank of America cut their price target on California Resources from $64.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Mizuho boosted their price target on California Resources from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Monday. Citigroup boosted their price target on California Resources from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen lowered California Resources from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. Finally, Royal Bank Of Canada dropped their target price on California Resources from $68.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, California Resources has an average rating of “Buy” and a consensus target price of $62.27.

California Resources Stock Performance

Shares of California Resources stock opened at $48.07 on Thursday. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 8.72 and a beta of 1.16. The stock’s 50-day moving average is $45.15 and its 200-day moving average is $44.45. California Resources has a one year low of $30.97 and a one year high of $60.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83 and a quick ratio of 0.74.

Hedge Funds Weigh In On California Resources

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its position in California Resources by 269.4% during the first quarter. Larson Financial Group LLC now owns 639 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 466 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in 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 worth $34,000 after buying an additional 316 shares during the last quarter. Lazard Asset Management LLC increased its position in California Resources by 52,366.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,574 shares of the oil and gas producer’s stock worth $81,000 after buying an additional 1,571 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in California Resources during the first quarter worth approximately $79,000. Finally, Sterling Capital Management LLC increased its position in California Resources by 833.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,221 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 1,983 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

California Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Friday, May 30th. California Resources’s dividend payout ratio (DPR) is presently 28.13%.

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.