Zacks Research Issues Positive Outlook for TSE:CNQ Earnings

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Analysts at Zacks Research upped their FY2024 EPS estimates for shares of Canadian Natural Resources in a research note issued to investors on Tuesday, January 14th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $3.37 for the year, up from their prior forecast of $3.32. The consensus estimate for Canadian Natural Resources' current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Canadian Natural Resources' Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.57 EPS and Q2 2026 earnings at $0.65 EPS.

A number of other research analysts have also weighed in on the company. ATB Capital raised their price objective on Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Gerdes Energy Research upgraded Canadian Natural Resources from a "neutral" rating to a "buy" rating in a report on Monday, December 16th. BMO Capital Markets dropped their price target on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Raymond James increased their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Finally, Desjardins raised shares of Canadian Natural Resources from a "hold" rating to a "buy" rating and lifted their target price for the stock from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$71.88.

Canadian Natural Resources Stock Down 1.8 %

Shares of TSE CNQ traded down C$0.81 on Thursday, reaching C$44.33. 8,999,917 shares of the company's stock traded hands, compared to its average volume of 7,816,355. The business's 50 day simple moving average is C$45.88 and its two-hundred day simple moving average is C$47.19. Canadian Natural Resources has a 12 month low of C$40.02 and a 12 month high of C$56.49. The company has a market cap of C$94.42 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64.

Insiders Place Their Bets

In other news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of Canadian Natural Resources stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$44.98, for a total value of C$3,643,380.00. In the last quarter, insiders sold 137,152 shares of company stock valued at $6,207,845. Company insiders own 4.26% of the company's stock.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).