CRC FY2025 EPS Forecast Lowered by Capital One Financial

California Resources Co. (NYSE:CRC) – Analysts at Capital One Financial dropped their FY2025 earnings per share (EPS) estimates for California Resources in a research note issued to investors on Tuesday, January 14th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will earn $3.47 per share for the year, down from their prior forecast of $3.62. Capital One Financial has a “Strong-Buy” rating on the stock. The consensus estimate for California Resources’ current full-year earnings is $3.66 per share. Capital One Financial also issued estimates for California Resources’ FY2026 earnings at $3.35 EPS.

California Resources (NYSE:CRC) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas producer reported $1.50 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.62. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $973.13 million. California Resources had a net margin of 17.43% and a return on equity of 12.16%. The company’s revenue for the quarter was up 194.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 earnings per share.

A number of other equities research analysts have also recently commented on CRC. Jefferies Financial Group assumed coverage on California Resources in a report on Thursday, October 24th. They set a “buy” rating and a $64.00 price target on the stock. TD Cowen boosted their price target on California Resources from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stephens assumed coverage on shares of California Resources in a report on Tuesday, October 22nd. They set an “overweight” rating and a $73.00 price objective for the company. StockNews.com raised shares of California Resources from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of California Resources in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.25.

California Resources Stock Down 0.2 %

CRC opened at $53.99 on Friday. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. The firm’s fifty day moving average is $54.81 and its 200 day moving average is $52.52. California Resources has a fifty-two week low of $43.09 and a fifty-two week high of $60.41.

California Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.3875 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.55 annualized dividend and a dividend yield of 2.87%. California Resources’s dividend payout ratio is currently 24.41%.

Insider Activity

In other California Resources news, EVP Omar Hayat sold 16,016 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $55.18, for a total transaction of $883,762.88. Following the completion of the sale, the executive vice president now directly owns 30,940 shares of the company’s stock, valued at approximately $1,707,269.20. This represents a 34.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Noelle M. Repetti sold 8,770 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.75, for a total transaction of $488,927.50. Following the transaction, the vice president now owns 8,531 shares of the company’s stock, valued at approximately $475,603.25. This trade represents a 50.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On California Resources

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of California Resources by 61.5% during the third quarter. GAMMA Investing LLC now owns 974 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 371 shares during the last quarter. Point72 DIFC Ltd acquired a new position in California Resources during the 3rd quarter valued at approximately $70,000. KBC Group NV raised its holdings in shares of California Resources by 29.1% in the third quarter. KBC Group NV now owns 1,910 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 431 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of California Resources by 9.4% during the third quarter. Farther Finance Advisors LLC now owns 3,224 shares of the oil and gas producer’s stock worth $169,000 after buying an additional 276 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of California Resources during the third quarter worth $209,000. 97.79% of the stock is owned by institutional investors and hedge funds.

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.