Roth Capital Has Negative Outlook for CRC Q3 Earnings

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

CRC has been the topic of several other reports. TD Cowen assumed coverage on shares of California Resources in a report on Friday, August 2nd. They set a “buy” rating and a $65.00 price target on the stock. Stephens began coverage on California Resources in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $73.00 price target for the company. UBS Group assumed coverage on shares of California Resources in a research report on Wednesday, October 16th. They issued a “buy” rating and a $68.00 target price for the company. Jefferies Financial Group began coverage on California Resources in a report on Thursday, October 24th. They set a “buy” rating and a $64.00 price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $65.00 target price on shares of California Resources in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.50.

California Resources Stock Performance

Shares of California Resources stock opened at $56.55 on Friday. The business has a fifty day simple moving average of $51.95 and a 200-day simple moving average of $50.76. California Resources has a 12 month low of $43.09 and a 12 month high of $60.41. The stock has a market cap of $3.84 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. The company has a quick ratio of 2.33, a current ratio of 2.43 and a debt-to-equity ratio of 0.57.

California Resources (NYSE:CRC) last issued 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 net margin of 7.61% and a return on equity of 11.27%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $973.13 million. During the same quarter in the prior year, the firm earned $1.02 EPS. The firm’s quarterly revenue was up 194.1% on a year-over-year basis.

California Resources Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Francisco Leon sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $49.18, for a total value of $368,850.00. Following the completion of the sale, the chief executive officer now directly owns 166,357 shares in the company, valued at approximately $8,181,437.26. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other California Resources news, Director Christian S. Kendall acquired 20,895 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $47.97 per share, for a total transaction of $1,002,333.15. Following the completion of the acquisition, the director now directly owns 24,600 shares of the company’s stock, valued at approximately $1,180,062. This represents a 500.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francisco Leon sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $49.18, for a total transaction of $368,850.00. Following the completion of the transaction, the chief executive officer now directly owns 166,357 shares in the company, valued at approximately $8,181,437.26. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale 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.

Institutional Investors Weigh In On California Resources

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position 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 valued at $51,000 after acquiring an additional 371 shares during the period. KBC Group NV increased its position in shares of California Resources by 29.1% in the 3rd quarter. KBC Group NV now owns 1,910 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 431 shares in the last quarter. Farther Finance Advisors LLC grew its stake in 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 valued at $169,000 after acquiring an additional 276 shares during the period. Atria Investments Inc acquired a new stake in shares of California Resources during the third quarter worth about $209,000. Finally, Privium Fund Management B.V. bought a new position in shares of California Resources during the 2nd quarter valued at about $258,000. 97.79% of the stock is 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.