What is Zacks Research's Estimate for TSE:CNQ Q4 Earnings?

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Equities researchers at Zacks Research raised their Q4 2024 earnings estimates for shares of Canadian Natural Resources in a research report issued on Tuesday, January 14th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $0.84 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 equities analysts also recently issued reports on the company. ATB Capital increased their price objective on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. BMO Capital Markets cut their price objective on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Gerdes Energy Research raised Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research report on Monday, December 16th. Finally, Raymond James upped 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 note on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$71.88.

Canadian Natural Resources Trading Up 1.5 %

CNQ stock traded up C$0.68 during trading on Friday, reaching C$45.01. The company had a trading volume of 7,695,472 shares, compared to its average volume of 7,806,282. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49. The company has a market cap of C$95.87 billion, a P/E ratio of 12.82, a PEG ratio of 0.53 and a beta of 1.89. The business has a 50 day moving average of C$45.75 and a 200 day moving average of C$47.14.

Insider Buying and Selling at Canadian Natural Resources

In related news, Director Stephen W. Laut sold 6,400 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40. In the last 90 days, insiders have sold 137,152 shares of company stock worth $6,207,845. Company insiders own 4.26% of the company's stock.

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).