California Resources (NYSE:CRC) Lowered to Strong Sell Rating by Zacks Research

Posted by Francis Steltz on Jul 17th, 2026

Zacks Research lowered shares of California Resources (NYSE:CRC – Free Report) from a hold rating to a strong sell rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Barclays upped their price target on shares of California Resources from $72.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. UBS Group reissued a “buy” rating and set a $70.00 target price (down from $78.00) on shares of California Resources in a report on Monday. Wall Street Zen downgraded California Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Mizuho raised their price target on California Resources from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Citigroup cut their price target on California Resources from $78.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, California Resources presently has an average rating of “Moderate Buy” and an average target price of $71.90.

Read Our Latest Research Report on California Resources

California Resources Price Performance

NYSE CRC opened at $52.15 on Wednesday. The company has a market cap of $4.63 billion, a PE ratio of -10.03 and a beta of 0.92. California Resources has a 52 week low of $43.24 and a 52 week high of $71.98. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 0.45. The firm’s 50-day simple moving average is $56.95 and its two-hundred day simple moving average is $57.93.

California Resources (NYSE:CRC – Get Free Report) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $119.00 million during the quarter, compared to analyst estimates of $947.50 million. California Resources had a negative net margin of 16.10% and a positive return on equity of 10.12%. The company’s quarterly revenue was down 87.0% on a year-over-year basis. During the same quarter last year, the business earned $1.07 earnings per share. Research analysts predict that California Resources will post 4.47 earnings per share for the current year.

California Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 29th. California Resources’s dividend payout ratio (DPR) is presently -31.15%.

Insider Buying and Selling

In other news, EVP Jay A. Bys sold 11,907 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $54.00, for a total transaction of $642,978.00. Following the completion of the transaction, the executive vice president directly owned 159,424 shares in the company, valued at $8,608,896. The trade was a 6.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On California Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Valued Wealth Advisors LLC bought a new stake in California Resources during the first quarter valued at $29,000. Rockefeller Capital Management L.P. increased its stake in California Resources by 363.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 561 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 440 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of California Resources during the 4th quarter valued at about $26,000. Pinnacle Holdings LLC bought a new stake in shares of California Resources during the 4th quarter valued at about $27,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of California Resources during the third quarter worth about $36,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

About California Resources

(Get Free Report)

California Resources Corporation (NYSE: CRC) is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California. Headquartered in Newport Beach, the company engages in hydraulic fracturing, well completions, reservoir management and enhanced recovery operations to produce crude oil, natural gas and natural gas liquids.

CRC’s operations are concentrated in three core regions: the Los Angeles Basin, the Ventura Basin and the San Joaquin Basin.