FY2024 EPS Estimates for TSE:CNQ Raised by Analyst

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Research analysts at Zacks Research boosted their FY2024 earnings estimates for Canadian Natural Resources in a research report issued on Wednesday, November 20th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $3.32 for the year, up from their previous estimate of $3.25. 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 $0.73 EPS and FY2026 earnings at $2.90 EPS.

Other equities analysts have also issued reports about the company. National Bankshares boosted their price target on Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 8th. BMO Capital Markets upped their target price on Canadian Natural Resources from C$57.50 to C$60.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Raymond James lifted their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a "market perform" rating in a research note on Friday, November 1st. ATB Capital lifted their price objective on Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Finally, Desjardins raised Canadian Natural Resources from a "hold" rating to a "buy" rating and boosted their price target for the company from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Canadian Natural Resources presently has a consensus rating of "Hold" and a consensus target price of C$74.31.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ traded down C$1.12 on Monday, hitting C$47.59. 19,149,472 shares of the company were exchanged, compared to its average volume of 11,488,606. The company's 50 day moving average price is C$47.44 and its two-hundred day moving average price is C$57.92. The firm has a market capitalization of C$101.37 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49.

Canadian Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 annualized dividend and a dividend yield of 4.41%. Canadian Natural Resources's dividend payout ratio is currently 60.97%.

Insider Buying and Selling

In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Over the last three months, insiders sold 16,422 shares of company stock worth $785,328. 4.26% of the stock is owned by corporate insiders.

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).