California Resources (CRC) to Release Quarterly Earnings on Tuesday

California Resources (NYSE:CRC) is expected to be issuing its Q1 2025 quarterly 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 announced its quarterly earnings results on Monday, March 3rd. The oil and gas producer reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). The company had revenue of $877.00 million during the quarter, compared to analyst estimates of $901.36 million. California Resources had a return on equity of 12.16% and a net margin of 17.43%. 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

Shares of NYSE CRC opened at $35.71 on Tuesday. The business’s 50-day simple moving average is $40.25 and its 200-day simple moving average is $48.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.97. California Resources has a 52 week low of $30.97 and a 52 week high of $60.41. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 1.02 and a beta of 1.03.

California Resources Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at California Resources

In related news, Director James N. Chapman bought 2,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $39.42 per share, with a total value of $78,840.00. Following the acquisition, the director now owns 43,445 shares in the company, valued at approximately $1,712,601.90. This represents a 4.83 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.