Brokers Provide Earnings Forecasts for California Resources for FY2026

On March 7, 2025, research analysts at Roth Capital issued new forecasts regarding the earnings per share (EPS) for California Resources Co. (NYSE:CRC). In a note shared with investors on March 3, Roth Capital analyst L. Mariani projected that the oil and gas company will report an EPS of $3.20 for the fiscal year 2026. This expectation comes in lower than the current consensus estimate for California Resources, which stands at $3.85 per share for the ongoing full year.

Several other analysts have also weighed in on California Resources. Barclays revised their price target for the company from $57.00 to $55.00, maintaining an “equal weight” rating in a report published Wednesday. Meanwhile, the Royal Bank of Canada reaffirmed an “outperform” rating, setting a revised target price of $70.00 on shares of California Resources in a research report dated January 14. Additionally, StockNews.com upgraded California Resources from a “sell” rating to a “hold” rating in their updates on November 16, while Truist Financial recently initiated coverage on the company with a “buy” rating and a target price of $75.00. Furthermore, on December 20, JPMorgan Chase & Co. began coverage with a “neutral” rating and set a price target of $63.00 for the firm. Overall, three analysts have rated the stock with a hold recommendation, ten have given buy ratings, and one has issued a strong buy rating. According to MarketBeat.com data, California Resources currently enjoys a consensus rating classified as a “Moderate Buy” with an average price target of $67.08.

California Resources Stock Performance

The stock of California Resources opened at $40.89 on the previous Wednesday. Financial metrics indicate that the company has a current ratio of 0.97, a quick ratio of 0.89, and a debt-to-equity ratio of 0.32. Its fifty-day moving average price is $49.34, while the two-hundred-day moving average price is $51.96. The company's market capitalization stands at $3.74 billion, with a price-to-earnings ratio of 6.44, a PEG ratio of 1.02, and a beta value of 1.06. Over the past year, California Resources has seen a low of $38.02 and a high of $60.41.

California Resources published its most recent earnings results on March 3. They reported $0.91 in earnings per share for the quarter, falling short of the analysts' consensus estimates, which were expecting $0.96. The company reported quarterly revenue of $877.00 million, compared to the analysts' consensus estimate of $901.36 million. The return on equity stood at 12.16%, and the company recorded a net margin of 17.43%.

Institutional Trading of California Resources

Recent adjustments in positions from hedge funds have also been noted. For instance, First Trust Advisors LP increased its holdings by 14.2% during the fourth quarter, now owning 6,818,266 shares valued at $353,800,000 after acquiring an additional 845,694 shares. Moreover, Weiss Asset Management LP made a new investment worth approximately $28,043,000 in California Resources during the third quarter. Palo Duro Investment Partners LP added a new stake in California Resources worth $20,752,000 in the fourth quarter, while American Century Companies Inc. also boosted its holdings by 14.2%, now owning 2,327,712 shares valued at $120,785,000. Lastly, Balyasny Asset Management L.P. saw its holdings increase by 285.5%, now owning 318,593 shares worth $16,532,000. A significant 97.79% of California Resources stock is held by institutional investors.

Insider Activity

In related news, on December 12, EVP Omar Hayat sold 16,016 shares of the company at an average price of $55.18, bringing in a total of $883,762.88. Post-sale, Hayat holds 30,940 shares valued at $1,707,269.20, indicating a 34.11% drop in ownership. This transaction was disclosed in documents filed with the Securities & Exchange Commission. Additionally, Director James N. Chapman purchased 2,000 shares of the firm on March 5 for an average price of $39.42 per share, totaling $78,840.00. Following this transaction, Chapman’s ownership increased to 43,445 shares with a value of $1,712,601.90. Currently, corporate insiders own a mere 0.03% of the stock.

California Resources Announces Dividend

Furthermore, the company declared a quarterly dividend set to be paid on March 21. Shareholders of record as of March 10 will receive a dividend of $0.3875. This dividend translates to an annualized amount of $1.55, yielding 3.79%, with the ex-dividend date also set for March 10. Presently, California Resources’ payout ratio is 24.41%.

California Resources Company Profile

California Resources Corporation functions as an independent company involved in the exploration and production of oil and natural gas, as well as carbon management within the United States. Their operations include the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids corresponding to marketers, California refineries, and other buyers with logistical access to transportation and storage facilities.

Earnings, Stock, Brokers