Zacks Research Has Bullish Estimate for TSE:CNQ Q4 Earnings

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Stock analysts at Zacks Research boosted their Q4 2024 EPS estimates for shares of Canadian Natural Resources in a report released on Tuesday, January 14th. Zacks Research analyst T. Saha now anticipates that the company will post earnings of $0.84 per share for the quarter, up from their previous estimate of $0.79. 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 $0.76 EPS, Q2 2025 earnings at $0.76 EPS, FY2025 earnings at $2.86 EPS, Q1 2026 earnings at $0.81 EPS, Q3 2026 earnings at $0.69 EPS, Q4 2026 earnings at $0.84 EPS and FY2026 earnings at $2.98 EPS.

A number of other brokerages have also recently issued reports on CNQ. Jefferies Financial Group increased their target price on Canadian Natural Resources from C$49.00 to C$57.00 in a report on Friday, October 11th. Desjardins raised Canadian Natural Resources from a "hold" rating to a "buy" rating and lifted their price objective for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th. CIBC upped their target price on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Finally, ATB Capital upped their price objective on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$71.88.

Canadian Natural Resources Price Performance

CNQ traded up C$0.68 during midday trading on Friday, reaching C$45.01. 7,695,472 shares of the company's stock were exchanged, compared to its average volume of 7,806,282. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The business has a 50-day simple moving average of C$45.80 and a two-hundred day simple moving average of C$47.16. The firm has a market capitalization of C$95.87 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49.

Insider Transactions at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Scott Gerald Stauth bought 27,000 shares of Canadian Natural Resources stock in a transaction dated Monday, January 13th. The shares were bought at an average price of C$46.52 per share, with a total value of C$1,256,121.00. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of Canadian Natural Resources stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of C$44.98, for a total transaction of C$3,643,380.00. Insiders sold a total of 137,152 shares of company stock worth $6,207,845 over the last 90 days. 4.26% of the stock is owned by 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).