Roth Capital Issues Pessimistic Outlook for CRC Earnings

California Resources Co. (NYSE:CRC) – Stock analysts at Roth Capital cut their Q3 2025 earnings estimates for shares of California Resources in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings of $1.48 per share for the quarter, down from their previous estimate of $1.71. The consensus estimate for California Resources’ current full-year earnings is $3.45 per share.

California Resources (NYSE:CRC) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas producer reported $1.50 EPS for the quarter, beating the consensus estimate of $0.88 by $0.62. California Resources had a return on equity of 11.27% and a net margin of 7.61%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $973.13 million. During the same period last year, the firm earned $1.02 EPS. The company’s quarterly revenue was up 194.1% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Barclays lifted their price objective on California Resources from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. TD Cowen initiated coverage on shares of California Resources in a research note on Friday, August 2nd. They set a “buy” rating and a $65.00 price target on the stock. Jefferies Financial Group assumed coverage on California Resources in a research note on Thursday, October 24th. They set a “buy” rating and a $64.00 price target on the stock. Citigroup increased their target price on California Resources from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, UBS Group started coverage on California Resources in a report on Wednesday, October 16th. They issued a “buy” rating and a $68.00 price target for the company. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, California Resources has a consensus rating of “Moderate Buy” and an average target price of $65.50.

California Resources Trading Down 0.5 %

Shares of CRC stock opened at $56.55 on Friday. The stock has a market cap of $3.84 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.30 and a beta of 0.98. California Resources has a fifty-two week low of $43.09 and a fifty-two week high of $60.41. The business has a fifty day simple moving average of $51.95 and a 200-day simple moving average of $50.76. The company has a quick ratio of 2.33, a current ratio of 2.43 and a debt-to-equity ratio of 0.57.

Institutional Trading of California Resources

Several hedge funds have recently added to or reduced their stakes in CRC. Lazard Asset Management LLC raised its stake in shares of California Resources by 3.7% during the first quarter. Lazard Asset Management LLC now owns 7,109 shares of the oil and gas producer’s stock valued at $390,000 after purchasing an additional 253 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of California Resources by 9.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,224 shares of the oil and gas producer’s stock worth $169,000 after acquiring an additional 276 shares during the period. GAMMA Investing LLC lifted its stake in shares of California Resources by 61.5% in the 3rd 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 period. Louisiana State Employees Retirement System increased its stake in shares of California Resources by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 32,300 shares of the oil and gas producer’s stock valued at $1,719,000 after acquiring an additional 400 shares during the period. Finally, KBC Group NV boosted its stake in California Resources by 29.1% during the 3rd quarter. KBC Group NV now owns 1,910 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 431 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Transactions at California Resources

In related news, Director Christian S. Kendall purchased 20,895 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $47.97 per share, for a total transaction of $1,002,333.15. Following the completion of the purchase, the director now owns 24,600 shares in the company, valued at approximately $1,180,062. This represents a 500.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other California Resources news, VP Noelle M. Repetti sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.00, for a total value of $530,000.00. Following the sale, the vice president now owns 17,301 shares in the company, valued at approximately $916,953. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christian S. Kendall acquired 20,895 shares of California Resources stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $47.97 per share, with a total value of $1,002,333.15. Following the completion of the transaction, the director now owns 24,600 shares of the company’s stock, valued at approximately $1,180,062. This trade represents a 500.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 26,270 shares of company stock valued at $1,387,778. 0.63% of the stock is currently owned by insiders.

California Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, December 2nd. California Resources’s payout ratio is 68.89%.

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.