Zacks Research Has Optimistic Outlook of TSE:CNQ Q1 Earnings

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Investment analysts at Zacks Research increased their Q1 2025 earnings estimates for Canadian Natural Resources in a research note issued to investors on Friday, April 25th. Zacks Research analyst T. Saha now expects that the company will post earnings of $0.99 per share for the quarter, up from their prior forecast of $0.96. 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' Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.73 EPS, Q4 2026 earnings at $0.96 EPS, FY2026 earnings at $3.36 EPS and FY2027 earnings at $4.13 EPS.

Other equities research analysts also recently issued reports about the stock. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Jefferies Financial Group reduced their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. Evercore ISI upgraded Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Desjardins dropped their target price on Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. 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 on the stock in a research note on Wednesday, March 19th. Five investment 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$54.08.

Canadian Natural Resources Stock Performance

TSE CNQ opened at C$40.68 on Monday. The stock has a market cap of C$85.37 billion, a PE ratio of 11.29, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The firm has a 50-day moving average of C$41.08 and a 200-day moving average of C$44.40. Canadian Natural Resources has a 52-week low of C$34.92 and a 52-week high of C$53.46.

Insider Buying and Selling at Canadian Natural Resources

In related news, Senior Officer Dwayne Frederick Giggs bought 1,400 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were purchased at an average price of C$36.88 per share, with a total value of C$51,631.02. Also, Director Stephen W. Laut sold 3,180 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of C$43.95, for a total transaction of C$139,761.00. Insiders sold a total of 47,184 shares of company stock worth $2,047,408 over the last three months. Corporate insiders own 4.26% of the company's stock.

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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