Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>California Resources Corporation demonstrated notable performance in the second quarter of 2025, highlighting both operational successes and strategic advancements.</li>
<li>The company achieved record shareholder returns, amounting to nearly $290 million, significantly more than the free cash flow of the period.</li>
<li>This was predominantly due to a strategic share repurchase from ICA that facilitated an orderly reduction in ownership.</li>
</ul>


California Resources Corporation demonstrated notable performance in the second quarter of 2025, highlighting both operational successes and strategic advancements.
The company achieved record shareholder returns, amounting to nearly $290 million, significantly more than the free cash flow of the period.
This was predominantly due to a strategic share repurchase from ICA that facilitated an orderly reduction in ownership.


California Resources’ $717 Million Buyout Of Berry: A Game-Changer Or A Gamble?

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

<ul><li>The WTR Sustainable Index was down 2.0% W/W versus the S&amp;P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).</li><li>Energy Technology (13.8% of the index) was down 3.3%, while Industrial Climate and Ag Technology (48.3% of the index) was down 0.8%, ClimateTech Mining was down 4.1%, and Advanced Transportation Solutions (20.7% of index) was down 1.9%.</li><li>Top 10 Performer<span style="font-size: var(--content-font-size);">s: LEV, GRB, TGEN, HTOO, NGPHF, MVST, AZRE, EGT, MXL, HYSR</span></li></ul>

The WTR Sustainable Index was down 2.0% W/W versus the S&amp;P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).Energy Technology (13.8% of the index) was down 3.3%, while Industrial Climate and Ag Technology (48.3% of the index) was down 0.8%, ClimateTech Mining was down 4.1%, and Advanced Transportation Solutions (20.7% of index) was down 1.9%.Top 10 Performers: LEV, GRB, TGEN, HTOO, NGPHF, MVST, AZRE, EGT, MXL, HYSR

Sustainable Investing Surveyor Focus on California Resources Corporation (CRC)

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

California Resources  / Technical Analysis

<ul>
<li>We are well-aware of the ESG-requirements that many institutional investors face, and today’s recommendations aim to remedy the issue.</li>
<li>We have been bullish on the Energy Sector (overweight since October 2021), and we expect Energy and Natural Resources to continue outperforming in the months and potentially year(s) ahead.</li>
<li>Both Civitas Resources (CIVI) and California Resources (CRC) are breaking out today from 5-6-month bases, within longer-term price and RS uptrends. These patterns are about as good as it gets-buy.</li>
</ul>


We are well-aware of the ESG-requirements that many institutional investors face, and today’s recommendations aim to remedy the issue.
We have been bullish on the Energy Sector (overweight since October 2021), and we expect Energy and Natural Resources to continue outperforming in the months and potentially year(s) ahead.
Both Civitas Resources (CIVI) and California Resources (CRC) are breaking out today from 5-6-month bases, within longer-term price and RS uptrends. These patterns are about as good as it gets-buy.


ESG-Friendly Energy Stocks Break Out -- Buy Civitas Resources (CIVI) And California Resources (CRC)

<p>The recent successful test of support at the 200-day moving average has paved the way for a meaningful bounce higher on the S&amp;P 500. Given this bounce, we have become incrementally more bullish. In today’s report we highlight the bullish implications of the recent move higher for the broad market as well as attractive and actionable groups within the Energy Sector: EN-02 Oil &amp; Gas, Global, Large-Cap, EN-08 Oil and Gas E&amp;P, Domestic, Large-Cap, and EN-10 Oil and Gas E&amp;P, Domestic Small-Cap.</p>

The recent successful test of support at the 200-day moving average has paved the way for a meaningful bounce higher on the S&amp;P 500. Given this bounce, we have become incrementally more bullish. In today’s report we highlight the bullish implications of the recent move higher for the broad market as well as attractive and actionable groups within the Energy Sector: EN-02 Oil &amp; Gas, Global, Large-Cap, EN-08 Oil and Gas E&amp;P, Domestic, Large-Cap, and EN-10 Oil and Gas E&amp;P, Domestic Small-Cap.

U.S. Equity Strategy: Opportunities in Energy Stocks

United States

California Resources Corporation is an independent oil and natural gas company. The Company focuses on maximizing the value of land, mineral and technical resources for decarbonization by developing carbon capture and storage and other emissions reducing projects. California Resources serves customers in the State of California.

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California Resources (CRC US)

California Resources’ $717 Million Buyout Of Berry: A Game-Changer Or A Gamble?

California Resources Corporation demonstrated notable performance in the second quarter of 2025, highlighting both operational successes and...

Baptista Research

Sustainable Investing Surveyor Focus on California Resources Corporation (CRC)

The WTR Sustainable Index was down 2.0% W/W versus the S&P 500 Index (up 1.0%), the Russell 2000 Index (down 1.1%), and the Nasdaq Index (up 3.3%).

Water Tower Research

ESG-Friendly Energy Stocks Break Out -- Buy Civitas Resources (CIVI) And California Resources (CRC)

Institutional investors often face ESG-related problems when it comes to Energy, and today’s recommendations aim to remedy the issue. We are buyers...

Vermilion Research

U.S. Equity Strategy: Opportunities in Energy Stocks

The recent successful test of support at the 200-day moving average has paved the way for a meaningful bounce higher on the S&P 500. Given this...

Vermilion Research

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