Capital One Financial Has Weak Forecast for CRC Q3 Earnings

California Resources Corporation (NYSE:CRC) – Equities research analysts at Capital One Financial decreased their Q3 2025 EPS estimates for shares of California Resources in a research note issued on Friday, September 19th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will earn $1.30 per share for the quarter, down from their previous forecast of $1.31. 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 $0.84 EPS, FY2025 earnings at $4.31 EPS, Q1 2026 earnings at $0.71 EPS and Q2 2026 earnings at $0.67 EPS.

California Resources (NYSE:CRC) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.91 by $0.19. The business had revenue of $978.00 million during the quarter, compared to the consensus estimate of $820.93 million. California Resources had a net margin of 16.14% and a return on equity of 11.95%. The company’s quarterly revenue was up 90.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share.

Several other brokerages have also recently issued reports on CRC. Wall Street Zen cut California Resources from a “buy” rating to a “hold” rating in a research note on Sunday, June 29th. JPMorgan Chase & Co. upgraded shares of California Resources from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $63.00 in a report on Tuesday, July 15th. Bank of America lifted their price objective on shares of California Resources from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Roth Capital set a $63.00 target price on California Resources in a report on Monday, September 15th. Finally, Barclays lifted their price target on California Resources from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, California Resources currently has a consensus rating of “Buy” and a consensus price target of $65.50.

California Resources Trading Down 4.5%

CRC opened at $54.99 on Monday. The business has a fifty day moving average price of $49.87 and a 200 day moving average price of $44.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.78 and a quick ratio of 0.68. California Resources has a 12 month low of $30.97 and a 12 month high of $60.41. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 7.51 and a beta of 1.16.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of California Resources by 269.4% in the 1st 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 in the last quarter. Harbor Capital Advisors Inc. increased its holdings in 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 valued at $34,000 after acquiring an additional 316 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in California Resources during the second quarter worth about $35,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of California Resources by 97.9% in the second quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 460 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of California Resources by 242.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,476 shares of the oil and gas producer’s stock valued at $67,000 after purchasing an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

California Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Wednesday, August 27th were issued a dividend of $0.3875 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $1.55 annualized dividend and a yield of 2.8%. California Resources’s payout ratio is currently 21.17%.

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.