Research Analysts Set Expectations for TSE:CNQ Q1 Earnings

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Analysts at Zacks Research boosted their Q1 2025 earnings estimates for Canadian Natural Resources in a research report issued to clients and investors on Wednesday, April 23rd. Zacks Research analyst T. Saha now expects that the company will earn $0.96 per share for the quarter, up from their previous forecast of $0.93. 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' Q4 2025 earnings at $0.75 EPS and FY2027 earnings at $4.14 EPS.

A number of other equities research analysts have also recently issued reports on CNQ. Evercore ISI raised Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Desjardins lowered their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Raymond James upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Finally, Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 price target for the company in a report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.08.

Canadian Natural Resources Stock Performance

CNQ opened at C$40.22 on Thursday. The stock has a 50-day moving average of C$41.17 and a 200-day moving average of C$44.50. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. Canadian Natural Resources has a 52-week low of C$34.92 and a 52-week high of C$53.46. The company has a market cap of C$84.41 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Insider Buying and Selling

In other news, Senior Officer Dwayne Frederick Giggs bought 1,400 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average cost of C$36.88 per share, with a total value of C$51,631.02. Also, Senior Officer Warren Paul Raczynski sold 7,500 shares of Canadian Natural Resources stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$43.70, for a total transaction of C$327,750.00. Insiders have sold a total of 47,184 shares of company stock valued at $2,047,408 over the last three months. 4.26% of the stock is owned by corporate insiders.

Canadian Natural Resources Company Profile

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company's portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.

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