California Resources (CRC) Projected to Post Earnings on Tuesday

California Resources (NYSE:CRC) is expected to be releasing its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $862.14 million for the quarter.

California Resources (NYSE:CRC) last released its quarterly earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). California Resources had a net margin of 17.43% and a return on equity of 12.16%. The company had revenue of $877.00 million for the quarter, compared to the consensus estimate of $901.36 million. On average, analysts expect California Resources to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

California Resources Stock Performance

CRC stock opened at $35.71 on Tuesday. The company has a 50 day moving average price of $40.25 and a 200 day moving average price of $48.62. California Resources has a fifty-two week low of $30.97 and a fifty-two week high of $60.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.97 and a quick ratio of 0.89. The stock has a market capitalization of $3.24 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.03.

California Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Monday, March 10th. California Resources’s dividend payout ratio (DPR) is presently 37.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CRC shares. Barclays reduced their target price on shares of California Resources from $55.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Citigroup cut shares of California Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $62.00 to $36.00 in a research note on Monday, April 7th. Royal Bank of Canada cut their price target on California Resources from $68.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial started coverage on California Resources in a research note on Monday, January 13th. They set a “buy” rating and a $75.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.64.

Insider Buying and Selling at California Resources

In related news, Director James N. Chapman acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $39.42 per share, with a total value of $78,840.00. Following the transaction, the director now owns 43,445 shares of the company’s stock, valued at $1,712,601.90. The trade was a 4.83 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

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.