CRC FY2025 EPS Forecast Decreased by Capital One Financial

California Resources Co. (NYSE:CRC) – Research analysts at Capital One Financial lowered their FY2025 EPS estimates for shares of California Resources in a report released on Tuesday, January 14th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings of $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.

CRC has been the topic of a number of other research reports. StockNews.com raised shares of California Resources from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Barclays increased their target price on shares of California Resources from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. began coverage on shares of California Resources in a report on Friday, December 20th. They issued a “neutral” rating and a $63.00 price objective for the company. TD Cowen boosted their target price on shares of California Resources from $65.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Stephens initiated coverage on California Resources in a research report on Tuesday, October 22nd. They issued an “overweight” rating and a $73.00 price target for the company. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.25.

California Resources Stock Performance

CRC stock opened at $53.99 on Friday. California Resources has a 12-month low of $43.09 and a 12-month high of $60.41. The firm has a market cap of $4.93 billion, a PE ratio of 8.50, a P/E/G ratio of 1.21 and a beta of 1.05. The business has a 50 day moving average of $54.81 and a 200-day moving average of $52.52. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.32.

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

Institutional Trading of California Resources

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in California Resources by 22.8% in the fourth quarter. GAMMA Investing LLC now owns 1,196 shares of the oil and gas producer’s stock worth $62,000 after purchasing an additional 222 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of California Resources by 9.4% in the third 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. Clear Harbor Asset Management LLC increased its position in California Resources by 6.0% during the fourth quarter. Clear Harbor Asset Management LLC now owns 7,475 shares of the oil and gas producer’s stock valued at $388,000 after acquiring an additional 425 shares during the last quarter. KBC Group NV lifted its holdings in 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 valued at $100,000 after acquiring an additional 431 shares during the period. Finally, Amalgamated Bank boosted its position in California Resources by 3.1% in the third quarter. Amalgamated Bank now owns 20,406 shares of the oil and gas producer’s stock worth $1,071,000 after purchasing an additional 605 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity

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

California Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Monday, December 2nd. California Resources’s dividend payout ratio (DPR) is presently 24.41%.

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.