Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Investment analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for Canadian Natural Resources in a research note issued on Wednesday, November 20th. Zacks Research analyst T. Saha now forecasts that the company will post earnings per share of $0.79 for the quarter, down from their prior forecast of $0.80. 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' Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.78 EPS, Q1 2026 earnings at $0.79 EPS, Q2 2026 earnings at $0.63 EPS and Q3 2026 earnings at $0.66 EPS.
Several other equities research analysts also recently weighed in on the company. Raymond James increased their price target on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. TD Securities lifted their target price on shares of Canadian Natural Resources from C$56.00 to C$58.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. CIBC raised their price target on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. Finally, National Bankshares upped their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 8th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$74.31.
Check Out Our Latest Stock Analysis on Canadian Natural Resources
Canadian Natural Resources Stock Up 0.8 %
Shares of CNQ stock traded up C$0.39 during trading hours on Friday, reaching C$48.69. 1,852,897 shares of the company's stock were exchanged, compared to its average volume of 11,441,353. The stock's fifty day moving average price is C$47.35 and its two-hundred day moving average price is C$58.91. The stock has a market cap of C$103.71 billion, a PE ratio of 13.76, a PEG ratio of 0.53 and a beta of 1.89. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. Canadian Natural Resources has a 1 year low of C$40.02 and a 1 year high of C$56.49.
Canadian Natural Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.31%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's dividend payout ratio is currently 60.97%.
Insiders Place Their Bets
In related news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$97,405.40. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total transaction of C$183,900.00. Insiders have sold 10,022 shares of company stock worth $484,272 over the last three months. Company insiders own 4.26% of the company's stock.
About Canadian Natural Resources
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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).
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