California Resources (CRC) Expected to Post Quarterly Earnings on Monday

California Resources (NYSE:CRC) is anticipated to post its Q2 2026 results after the market closes on Monday, August 10th. Analysts expect the company to announce earnings of $1.36 per share and revenue of $960.2030 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Monday, August 10, 2026 at 1:00 PM ET.

California Resources (NYSE:CRC) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The company 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%. California Resources’s revenue was down 87.0% compared to the same quarter last year. During the same period last year, the business earned $1.07 earnings per share. On average, analysts expect California Resources to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

California Resources Stock Performance

California Resources stock opened at $52.08 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 0.45. California Resources has a 1-year low of $43.24 and a 1-year high of $71.98. The firm has a market capitalization of $4.62 billion, a PE ratio of -10.01 and a beta of 0.93. The firm’s 50 day simple moving average is $54.18 and its 200 day simple moving average is $58.55.

Insider Activity at California Resources

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

Institutional Investors Weigh In On California Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in California Resources during the 4th quarter worth approximately $26,000. Pinnacle Holdings LLC bought a new stake in California Resources in the fourth quarter valued at approximately $27,000. Los Angeles Capital Management LLC purchased a new stake in shares of California Resources during the fourth quarter valued at approximately $47,000. Virtus Advisers LLC purchased a new stake in shares of California Resources during the fourth quarter valued at approximately $64,000. Finally, Quadrant Capital Group LLC bought a new position in shares of California Resources in the third quarter worth approximately $78,000. Institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen cut California Resources from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Mizuho boosted their price target on shares of California Resources from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Stephens set a $85.00 price target on shares of California Resources and gave the stock an “overweight” rating in a report on Friday, July 17th. Weiss Ratings cut shares of California Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. Finally, Citigroup lowered their price objective on shares of California Resources from $78.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.09.

About California Resources

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.