Roth Capital Issues Positive Forecast for CRC Earnings

California Resources Corporation (NYSE:CRC) – Equities researchers at Roth Capital boosted their Q3 2025 earnings per share estimates for California Resources in a report released on Tuesday, October 14th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $1.55 per share for the quarter, up from their prior forecast of $1.53. The consensus estimate for California Resources’ current full-year earnings is $3.85 per share.

CRC has been the topic of several other research reports. Jefferies Financial Group set a $71.00 price objective on shares of California Resources and gave the stock a “buy” rating in a report on Sunday, September 21st. Citigroup boosted their price objective on shares of California Resources from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of California Resources in a report on Wednesday, October 8th. Mizuho set a $71.00 target price on California Resources in a research note on Monday, September 15th. Finally, Barclays upped their target price on California Resources from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $66.83.

California Resources Stock Performance

NYSE CRC opened at $46.94 on Friday. The company’s fifty day moving average is $51.35 and its two-hundred day moving average is $45.80. California Resources has a 52-week low of $30.97 and a 52-week high of $60.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.78 and a quick ratio of 0.68. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 6.41 and a beta of 1.16.

California Resources (NYSE:CRC) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.19. The business had revenue of $978.00 million for 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%. California Resources’s quarterly revenue was up 90.3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share.

California Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Wednesday, August 27th were paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, August 27th. California Resources’s dividend payout ratio is currently 21.17%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC raised its stake 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 acquiring an additional 466 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in California Resources during the second quarter worth $35,000. Nomura Asset Management Co. Ltd. raised its stake in California Resources by 97.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 460 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in California Resources by 242.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,476 shares of the oil and gas producer’s stock worth $67,000 after acquiring an additional 1,045 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in California Resources during the first quarter worth $79,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.