Analysts’ Opinions Are Mixed on These Energy Stocks: California Resources Corp (CRC), Murphy Oil (MUR) and Permian Resources (PR)
J.P. Morgan analysts have given mixed ratings for three energy stocks: California Resources Corp (CRC), Murphy Oil (MUR), and Permian Resources (PR). Zach Parham maintained a Buy rating for CRC with an $83.00 price target, while Arun Jayaram maintained a Hold rating for Murphy Oil with a $46.00 target. Neil Mehta from Goldman Sachs maintained a Buy rating on Permian Resources with a $23.00 price target.
CRC (NYSE: CRC) COO reports PSU vesting and tax-withholding share surrender
California Resources Corp EVP & COO Omar Hayat reported equity compensation transactions, including the vesting of 173 performance stock units (PSUs) on May 8, 2026. Hayat surrendered 145 shares to cover tax withholding obligations for both vested PSUs and Restricted Stock Units (RSUs) at a reference price of $58.92 per share. Following these transactions, Hayat's direct ownership in California Resources Corp stands at 82,409 shares.
These Analysts Think California Resources Corporation's (NYSE:CRC) Sales Are Under Threat
Analysts have significantly lowered their revenue forecasts for California Resources Corporation (NYSE:CRC) for 2026, dropping the consensus from US$3.9 billion to US$3.1 billion. This implies a 12% reduction in sales over the past year and a projected 15% annual decline, lagging behind the wider industry's expected growth of 3.5% per year. The downgrade suggests a less optimistic outlook for the company's future performance.
These Analysts Think California Resources Corporation's (NYSE:CRC) Sales Are Under Threat
Analysts have significantly lowered their near-term revenue forecasts for California Resources Corporation, with consensus estimates now predicting a 12% reduction in sales for 2026. This downward revision suggests a less optimistic outlook for the company, as its revenues are expected to decline by 15% annually through 2026, lagging behind the broader industry's anticipated growth. The substantial downgrade makes analysts more wary about California Resources' future performance.
California Resources Corporation (NYSE:CRC) Q1 2026 Earnings Call Transcript
California Resources Corporation (NYSE:CRC) reported a strong Q1 2026, exceeding EBITDAX guidance and raising its full-year outlook due to favorable energy markets and strategic execution. The company is accelerating development, increasing drilling rigs, and expanding its carbon management business, including the imminent commissioning of California's first commercial-scale carbon capture project. CRC emphasized its unique position to provide reliable, lower-emission energy solutions for California while focusing on disciplined capital allocation and shareholder returns.
Press Release: California Resources Corporation Reports First Quarter 2026 Financial and Operating Results
California Resources Corporation announced its financial and operating results for the first quarter of 2026. The company reported its earnings and other key performance indicators during this period. This press release provides a detailed overview of their financial health and operational achievements for the quarter.
California Resources Corporation $CRC Position Increased by Vanguard Group Inc.
Vanguard Group Inc. increased its stake in California Resources Corporation (NYSE:CRC) by 6.4% in the fourth quarter, now owning 10.48% of the company. Despite this, company insiders have been net sellers, offloading shares worth approximately $4.64 million in the last three months. California Resources recently reported Q1 EPS of $0.88, matching estimates, but revenue significantly declined by 87% year-over-year, and the company also declared a quarterly dividend of $0.405 per share.
Hedge losses drive California Resources (NYSE: CRC) to $711M Q1 loss
California Resources Corporation (NYSE: CRC) reported a net loss of $711 million for Q1 2026, primarily due to a non-cash loss of $792 million on commodity derivatives, despite stronger underlying oil and gas sales following the Berry Merger. The company's total operating revenues fell to $119 million, but net production increased to 154 MBoe/d, including contributions from the Berry assets. CRC maintained a solid liquidity position of approximately $1.28 billion and continued to return capital to shareholders through dividends and share repurchases, while also increasing its 2026 capital program.
California Resources Corporation (NYSE:CRC) Declares $0.41 Quarterly Dividend
California Resources Corporation (NYSE:CRC) declared a quarterly dividend of $0.405 per share, payable on June 18th to shareholders of record on May 29th, representing a 2.5% yield. The oil and gas producer's dividend payout ratio is 45.3%, well-covered by earnings and projected future EPS. The company reported Q1 EPS of $0.88, matching estimates, but revenue significantly declined year-over-year to $119 million.
Press Release: California Resources Corporation Reports First Quarter 2026 Financial and Operating Results
The press release from California Resources Corporation announces its financial and operating results for the first quarter of 2026. This release provides key performance indicators and financial health updates for the company during that period.
Earnings Flash (CRC) California Resources Corporation Posts Q1 Adjusted EPS $0.88 per Share, Vs. FactSet Est of $0.88
California Resources Corporation (CRC) announced its Q1 adjusted EPS of $0.88 per share, meeting FactSet's estimate of $0.88. The report provides a quick overview of the company's financial performance for the quarter.
California Resources Corporation announces a 12% increase in the midpoint of its annual synergy target range from the 2026 Berry acquisition, setting the new target at $900 million to $1 billion
California Resources Corporation has increased the midpoint of its annual synergy target range for the 2026 Berry acquisition by 12%, now projecting $900 million to $1 billion. This upward revision stems from a more optimistic outlook on operational efficiency and cost savings post-merger. The company anticipates achieving significant economic benefits through asset integration and business process restructuring, reflecting strong management confidence in the deal's strategic value and providing clearer financial guidance to investors.
Higher oil prices push California Resources to add 7 rigs in 2026
California Resources Corporation (CRC) reported its Q1 2026 financial results, including a net loss of $711 million due to non-cash derivative losses, but raised its full-year 2026 adjusted EBITDAX guidance by 42% to $1,450 million. This increase is driven by higher oil prices, increased drilling activity, and improved operating efficiencies. CRC plans to accelerate its drilling program by adding more rigs in the second half of 2026, aiming for a year-end exit production rate of approximately 175 MBoe/d.
Earnings Flash (CRC) California Resources Corporation Posts Q1 Adjusted EPS $0.88 per Share, vs. FactSet Est of $0.88
California Resources Corporation (CRC) announced its first quarter adjusted earnings per share (EPS) of $0.88, matching the FactSet estimate of $0.88. The report also indicated that the company's Q1 adjusted net income and revenue had fallen. California Resources Corporation is an independent energy and carbon management company focused on oil and natural gas exploration and production, and carbon management through its Carbon TerraVault business.
California Resources (NYSE: CRC) lifts 2026 EBITDAX guidance after Q1 2026 hedge-driven loss
California Resources Corporation (CRC) reported a Q1 2026 net loss of $711 million, mainly due to an $848 million non-cash loss on commodity derivatives. Despite this, the company showed strong underlying operations with adjusted net income of $79 million and adjusted EBITDAX of $304 million. CRC significantly raised its 2026 adjusted EBITDAX guidance midpoint by 42% to $1,450 million and increased its capital budget to accelerate drilling activities, while maintaining solid liquidity and returning $46 million to shareholders.
California Resources Corporation announces a 12% increase in the midpoint of its annual synergy target range from the 2026 Berry acquisition, setting the new target at $900 million to $1 billion
California Resources Corporation has increased the midpoint of its annual synergy target range from the 2026 Berry acquisition by 12%, raising the new target to $900 million to $1 billion. This adjustment reflects an optimistic assessment of improved operational efficiency and cost-saving potentials post-merger. The company anticipates significant economic benefits through asset integration and business process restructuring, signaling management's strong confidence in the merger's strategic value and providing clearer financial guidance to investors.
California Resources Corp (CRC) director receives 3,091 RSUs award
California Resources Corp director Mark Allen McFarland was granted 3,091 restricted stock units (RSUs) as part of a compensation-related award, increasing his direct holdings to 79,356 shares. These RSUs, which have no cash cost to McFarland, will vest on April 30, 2027, and will be settled in common stock shares three months and one day after his separation from service. This transaction is categorized as neutral in impact and sentiment, representing an equity award rather than an open-market purchase.
Director at California Resources (CRC) awarded 5,023 RSUs
California Resources Corp director Tiffany Thom Cepak was granted 5,023 restricted stock units (RSUs) on April 30, 2026, as equity compensation. These RSUs, valued at $0.0000 per share, will vest on April 30, 2027, and will be settled in shares approximately three months and one day after her separation from service. Following this award, Cepak directly holds 86,325 shares of Common Stock.
Board member at California Resources (NYSE: CRC) receives 3,091 RSUs
Christian S. Kendall, a director at California Resources Corp (NYSE: CRC), was granted 3,091 restricted stock units (RSUs). These RSUs, which increase his direct holdings to 33,389 shares, were awarded at no cash cost and will vest on April 30, 2027. The RSUs represent a contingent right to receive common stock shares, which will be settled three months and one day after his separation from service.
California Resources (NYSE: CRC) awards 3,091 RSUs to director Andrew Bremner
California Resources (NYSE: CRC) director Andrew Bremner was granted 3,091 restricted stock units (RSUs) on April 30, 2026. These RSUs, which represent the right to receive one share of common stock each at no cost, will vest on April 30, 2027, and will be settled in shares three months and one day after his separation from service. Following this grant, Bremner directly holds 30,982 shares of California Resources common stock.
[SCHEDULE 13G] California Resources Corp Passive Investment Disclosure (>5%)
Vanguard Portfolio Management has reported a 5.94% passive beneficial ownership stake in California Resources Corp (CRC) as of March 31, 2026. The Schedule 13G filing indicates that Vanguard holds 5,275,431 shares, with sole dispositive power over all these shares and sole voting power over 28,176 shares. This institutional holding aggregates across Vanguard Portfolio Management LLC and its specified affiliates.
How many employees work at California Resources?
California Resources Corp. currently has 1,509 employees, representing a 5.9% year-over-year decline. The company's headcount has steadily decreased since 2022, and its active job postings have also seen significant declines in recent years. California Resources is an independent energy and carbon management company focused on energy transition and decarbonization efforts.
California Resources Amends Credit Facility to Cut Borrowing Costs
California Resources Corp (CRC) has amended its credit facility with Citibank, N.A., to reduce borrowing costs and enhance financial flexibility. This move is expected to improve cash flow and strengthen its capital structure. Analysts currently rate CRC as a "Buy" with a $72.00 price target, and TipRanks' AI Analyst, Spark, considers it an "Outperform" due to improved financial strength and constructive price momentum.
California Resources Amends Credit Facility to Cut Borrowing Costs
California Resources Corporation (CRC) has amended its credit agreement, specifically revising the pricing grid to lower its borrowing costs. This move aims to enhance financial flexibility, improve cash flow, and strengthen the company's capital structure within the capital-intensive energy sector. Analysts currently hold a "Buy" rating on CRC stock with a $72.00 price target, and TipRanks’ AI Analyst, Spark, rates it as "Outperform" due to improved financial strength and constructive price momentum.
California Resources (NYSE: CRC) cuts borrowing costs in Ninth Amendment
California Resources Corporation (NYSE: CRC) has entered into a Ninth Amendment to its Amended and Restated Credit Agreement, effective April 14, 2026. This amendment, made with Citibank, N.A. and a syndicate of lenders, is primarily intended to reduce the company's borrowing costs by updating the pricing grid within its existing credit facility. The full details, including other technical changes, are outlined in Exhibit 10.1 of their 8-K filing.
California Resources Corporation (NYSE:CRC) Short Interest Update
California Resources Corporation (NYSE:CRC) experienced a significant 52.7% decrease in short interest by March 31st, totaling 3,429,171 shares. Despite insider selling activity totaling over $4.6 million in the past 90 days, Wall Street analysts maintain a consensus "Buy" rating with an average target price of $70.50. The company recently announced a quarterly dividend of $0.405, yielding 2.4% annually.
California Resources Corporation Schedules First Quarter 2026 Earnings Conference Call
California Resources Corporation (NYSE: CRC) announced it will release its first quarter 2026 financial results on Tuesday, May 5th, after market close. A conference call to discuss these results will be held on Wednesday, May 6th, at 1:00 p.m. Eastern Time. Participants are encouraged to pre-register for the call.
California Resources Corp (CRC) Receives a Buy from Barclays
Barclays has maintained a Buy rating on California Resources Corp (CRC) with a price target of $72.00, reiterating a positive outlook on the energy stock despite recent mixed analyst ratings and negative insider sentiment. J.P. Morgan also issued a Buy rating while Citi assigned a Hold. The company reported quarterly revenue of $871 million and a net profit of $12 million for the quarter ending December 31.
California Resources Corporation (NYSE:CRC) Receives Average Recommendation of "Buy" from Analysts
California Resources Corporation (NYSE:CRC) has an average "Buy" recommendation from 15 brokerages, with an average 1-year target price of $70.50. Recent analyst upgrades and target price increases reflect positive sentiment, despite some insider share sales totaling $4.64 million in the last 90 days. Institutional investors hold a significant majority of the stock, while the company reported a slight EPS miss but a revenue beat in its latest quarterly earnings.
California Resources Corp (CRC) Receives a Buy from Barclays
Barclays analyst Betty Jiang maintained a Buy rating on California Resources Corp (CRC) with a price target of $72.00. This follows J.P. Morgan's Buy rating and Citi's Hold rating for the company. Despite a recent decline in revenue and net profit, and negative insider sentiment with increased selling activity, the stock has received several positive price target adjustments from various firms.
SG Americas Securities LLC Raises Holdings in California Resources Corporation $CRC
SG Americas Securities LLC increased its stake in California Resources Corporation by 107.6% in the fourth quarter, bringing its total holdings to 28,300 shares valued at approximately $1.27 million. Despite institutional buying, company insiders have been net sellers, offloading 72,283 shares worth $4.64 million over the last 90 days. California Resources currently holds a consensus "Buy" rating with a target price of $70.50, and pays a quarterly dividend of $0.405, representing a 2.4% yield.
California Resources Receives 'Buy' Rating from Analysts
California Resources Corporation (NYSE:CRC) has received an average 'Buy' recommendation from fifteen brokerages, with a consensus price target of $70.50. This positive analyst sentiment is driven by confidence in the company's oil and gas operations and future performance, despite industry challenges. The company's Q1 2026 earnings report and focus on developing California's oil and natural gas assets through techniques like hydraulic fracturing were key factors.
California Resources Corporation Schedules First Quarter 2026 Earnings Conference Call
California Resources Corporation (CRC) has announced that it will release its first quarter 2026 financial results on Tuesday, May 5th, after market close. The company will then host a conference call to discuss these results on Wednesday, May 6th, at 1:00 p.m. Eastern Time. Participants can pre-register for the call online or access the webcast via CRC's website.
California Resources Corporation Schedules First Quarter 2026 Earnings Conference Call
California Resources Corporation (CRC) announced it will release its first quarter 2026 financial results on Tuesday, May 5th, after market close. The company will then host a conference call on Wednesday, May 6th, at 1:00 p.m. Eastern Time to discuss these results. Participants are encouraged to pre-register for the call to receive immediate access.
California Resources Corporation Schedules First Quarter 2026 Earnings Conference Call
California Resources Corporation (CRC) is scheduled to release its first quarter 2026 financial results on Tuesday, May 5th, after market close. The company will host a conference call on Wednesday, May 6th, at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) to discuss these results. Participants can pre-register for the call or access the webcast on CRC's investor relations website.
California Resources will post Q1 results May 5, then host call May 6
California Resources Corporation (CRC) will release its first-quarter 2026 financial results on Tuesday, May 5, 2026, after market close. The company will then host a conference call on Wednesday, May 6, 2026, at 1:00 p.m. ET (10:00 a.m. PT) to discuss these results. Investors can pre-register, dial in, or listen via webcast on CRC's website, with a digital replay archived for 90 days.
Unison Advisors LLC Buys Shares of 15,307 California Resources Corporation $CRC
Unison Advisors LLC initiated a new position in California Resources Corporation (NYSE:CRC) by purchasing 15,307 shares valued at $684,000 in Q4, adding to the 97.79% institutional ownership of the stock. Despite this, insiders have significantly sold off shares, reducing their ownership to just 0.03%. Analysts maintain a "Buy" rating with an average $70.50 price target, alongside the company's Q4 earnings report which slightly missed estimates but showed increased revenue and declared a $0.405 quarterly dividend.
Allspring Global Investments Holdings LLC Purchases 225,210 Shares of California Resources Corporation $CRC
Allspring Global Investments Holdings LLC significantly increased its stake in California Resources Corporation (NYSE:CRC) by 2,349.1% in the fourth quarter, acquiring an additional 225,210 shares to hold a total of 234,797 shares valued at approximately $10.89 million. Analysts maintain a "Buy" consensus rating on CRC with an average price target of $70.50, following several recent upgrades and raised price targets from various firms. Despite missing Q earnings estimates with $0.47 per share, the company exceeded revenue expectations at $924 million and declared a quarterly dividend of $0.405, yielding 2.4%.
Harbor Capital Advisors Inc. Purchases 19,955 Shares of California Resources Corporation $CRC
Harbor Capital Advisors Inc. significantly increased its stake in California Resources Corporation (NYSE:CRC) by 394.2% in Q4, adding 19,955 shares to own a total of 25,017 shares valued at $1.12 million. Despite the company missing Q4 EPS estimates at $0.47, its revenue beat expectations at $924 million, and it pays a quarterly dividend of $0.405. Analysts maintain a "Buy" rating with an average target price of $70.50, even as insiders have sold a notable amount of shares recently.
Citi Keeps Their Hold Rating on California Resources Corp (CRC)
Citi analyst Scott Gruber maintained a Hold rating on California Resources Corp (CRC) with a price target of $74.00, following the company's shares closing at $68.87 last Friday. The company reported quarterly revenue of $871 million and a net profit of $12 million. Insider sentiment is negative, with an increase in insider selling during the last quarter, including a significant sale by Christopher D. Gould.
California Resources Hits New 52-Week High
California Resources Corporation (NYSE: CRC) has reached a new 52-week high, with shares trading as high as $69.93. This surge is attributed to strong financial performance, with revenue and earnings exceeding analyst expectations, and positive reports from brokerages like UBS Group and Zacks Research. The company's robust stock performance highlights investor confidence in its role within California's energy sector.
Is California Resources (CRC) Showing Stronger Performance Than Other Oil-Energy Stocks This Year?
California Resources Corporation (CRC) has demonstrated stronger performance than other oil-energy stocks and its industry peers this year, with a 54% return compared to the sector's 34.3% average gain. The company holds a Zacks Rank of #1 (Strong Buy) and has seen a significant increase in analyst consensus estimates for its annual earnings. Chevron (CVX), another strong performer, also outpaced the sector but slightly trails CRC in year-to-date returns within their respective specialized industries.
Is California Resources (CRC) Outperforming Other Oils-Energy Stocks This Year?
California Resources Corporation (CRC) is outperforming the Oils-Energy sector and its specific industry group year-to-date, with a 54% return compared to the sector's 34.3% average. The company holds a Zacks Rank of #1 (Strong Buy), indicating a strong earnings outlook. Chevron (CVX) is also outperforming the sector with a 38.5% return and holds a Zacks Rank #2 (Buy).
Short Interest in California Resources Corporation (NYSE:CRC) Increases By 68.9%
Short interest in California Resources Corporation (NYSE:CRC) surged by 68.9% in March, reaching 7,243,668 shares, which represents 8.2% of its float and indicates a 5.9-day short-interest ratio. This increase comes alongside significant insider selling totaling approximately $4.64 million over the past three months. Despite this, analysts maintain a "Moderate Buy" rating with a consensus target price of $69.80, while the company trades near its 1-year high and offers a 2.4% dividend yield.
DAVENPORT & Co LLC Sells 45,454 Shares of California Resources Corporation $CRC
DAVENPORT & Co LLC reduced its stake in California Resources Corporation (CRC) by 5.7%, selling 45,454 shares, while other institutional investors like Clearstead Advisors LLC and Allworth Financial LP increased their holdings. Despite some insider selling and a slight earnings per share miss, the company holds a "Moderate Buy" rating from analysts with an average target price of $69.80, and it recently declared a quarterly dividend.
California Resources Stock Faces Headwinds Amid Oil Price Volatility and Strategic Shifts in 2026
California Resources Corporation (ISIN: US13057Q2066) is navigating a complex landscape in 2026, dealing with softened crude oil prices, heightened regulatory scrutiny in California, and strategic shifts towards carbon capture. The company aims for operational resilience through capital discipline and efficient production in its mature fields, while its leadership in CCUS positions it at the forefront of energy transition. Investors are looking at the stock as a potential entry point given its operational resilience and low-carbon pivot, despite regulatory and commodity price volatility risks.
California Resources Stock Faces Headwinds Amid Oil Price Volatility and Strategic Shifts in 2026
California Resources (ISIN: US13057Q2066) is navigating challenges in early 2026 due to softening crude oil prices and amplified regulatory scrutiny in California. The company is focusing on operational resilience through enhanced oil recovery and capital discipline, while also pivoting towards carbon capture, utilization, and storage (CCUS) projects, which are supported by federal tax credits. While regulatory uncertainty and commodity price swings pose risks, CRC's financial health, regional market niche, and CCUS leadership present a unique investment opportunity for US portfolios seeking energy sector diversification and ESG alignment.
California Resources Announces Upsized Senior Notes Refinancing Transaction
California Resources Corporation (CRC) has announced the completion of an upsized private offering of an additional $350 million in senior unsecured notes due 2034, which will form a single series with existing notes. The company plans to use the net proceeds to redeem higher-coupon notes due 2029, aiming to extend its debt maturity profile and reduce interest burden. Analysts currently rate CRC stock as a Buy with an $86.00 price target, citing improved financial resilience and strong cash generation.
$350M CRC (NYSE: CRC) 7% notes extend debt from 2029 to 2034
California Resources Corporation has completed a private offering of an additional $350 million of 7.000% senior unsecured notes due 2034. The company will use these proceeds, along with cash on hand or revolving credit facility borrowings, to redeem $350 million of its 8.250% senior unsecured notes due 2029. This refinancing effectively extends the maturity of a portion of its debt from 2029 to 2034 at a lower interest rate.
California Resources Boosted By Rising Brent-WTI Spread (NYSE:CRC)
California Resources (CRC) is benefiting from a change in state law that allowed it to obtain new drilling permits and expand operations in Kern County. The company's pricing is tied to the higher Brent crude price, giving it an advantage over West Texas Intermediate. Projected free cash flow for the year is expected to support substantial share buybacks, contributing to a 33% year-to-date increase in the State Street Energy Select Sector SPDR ETF (XLE).
