Zacks Research Issues Optimistic Estimate for CNQ Earnings

Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ - Research analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for shares of Canadian Natural Resources in a research note issued to investors on Wednesday, March 26th. Zacks Research analyst T. Saha now expects that the oil and gas producer will post earnings of $0.67 per share for the quarter, up from their prior forecast of $0.59. 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' Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.48 EPS, Q1 2026 earnings at $0.66 EPS, Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $2.48 EPS and FY2027 earnings at $3.07 EPS.

A number of other equities research analysts have also weighed in on CNQ. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report 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. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Finally, Raymond James reiterated a "market perform" rating on shares of Canadian Natural Resources in a research note on Friday, March 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of "Hold" and an average target price of $63.00.

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Canadian Natural Resources Stock Up 1.2 %

Shares of Canadian Natural Resources stock traded up $0.38 during trading hours on Friday, reaching $31.18. The company's stock had a trading volume of 1,060,476 shares, compared to its average volume of 7,209,988. The company has a market capitalization of $65.49 billion, a P/E ratio of 12.10 and a beta of 1.48. The stock's fifty day simple moving average is $29.98 and its two-hundred day simple moving average is $32.12. Canadian Natural Resources has a one year low of $25.62 and a one year high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Hedge Funds Weigh In On Canadian Natural Resources

Several institutional investors have recently added to or reduced their stakes in CNQ. Duncker Streett & Co. Inc. bought a new position in shares of Canadian Natural Resources during the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new position in Canadian Natural Resources during the fourth quarter valued at $25,000. Continuum Advisory LLC increased its position in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock worth $28,000 after buying an additional 490 shares during the last quarter. Sandy Spring Bank bought a new stake in shares of Canadian Natural Resources in the fourth quarter valued at $31,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Canadian Natural Resources during the 4th quarter valued at $31,000. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.4117 dividend. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Friday, March 21st. Canadian Natural Resources's payout ratio is 77.88%.

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).