Zacks Research Issues Positive Forecast for CNQ Earnings

Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ - Analysts at Zacks Research increased their Q1 2025 EPS estimates for Canadian Natural Resources in a research note issued to investors on Wednesday, April 23rd. Zacks Research analyst T. Saha now expects that the oil and gas producer will post earnings of $0.69 per share for the quarter, up from their previous forecast of $0.67. The consensus estimate for Canadian Natural Resources' current full-year earnings is $2.45 per share. Zacks Research also issued estimates for Canadian Natural Resources' Q4 2025 earnings at $0.54 EPS, Q1 2027 earnings at $0.67 EPS and FY2027 earnings at $2.96 EPS.

A number of other brokerages have also recently weighed in on CNQ. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Evercore ISI raised Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a report on Thursday, March 27th. Finally, Raymond James upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Stock Up 0.9 %

NYSE:CNQ traded up $0.27 during trading hours on Thursday, reaching $29.61. The company's stock had a trading volume of 3,142,841 shares, compared to its average volume of 5,384,448. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The company has a market cap of $62.11 billion, a price-to-earnings ratio of 11.50 and a beta of 1.10. Canadian Natural Resources has a one year low of $24.65 and a one year high of $39.20. The business's 50-day moving average is $28.91 and its 200-day moving average is $31.25.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a dividend of $0.4117 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a yield of 5.56%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's payout ratio is 77.88%.

Institutional Trading of Canadian Natural Resources

Several hedge funds and other institutional investors have recently bought and sold shares of CNQ. Fifth Third Bancorp raised its position in shares of Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 429 shares during the last quarter. Assetmark Inc. lifted its position in shares of Canadian Natural Resources by 57.3% in the 4th quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 439 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Canadian Natural Resources by 10.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer's stock worth $159,000 after acquiring an additional 480 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Canadian Natural Resources by 0.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock worth $2,530,000 after purchasing an additional 497 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Canadian Natural Resources by 4.5% during the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer's stock valued at $370,000 after purchasing an additional 514 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Natural Resources

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).