Zacks Research Issues Positive Outlook for CNQ Earnings

Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ - Analysts at Zacks Research increased their Q1 2025 EPS estimates for shares of Canadian Natural Resources in a report released on Friday, April 25th. Zacks Research analyst T. Saha now expects that the oil and gas producer will post earnings of $0.71 per share for the quarter, up from their prior estimate of $0.69. 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' Q1 2026 earnings at $0.69 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.52 EPS, Q4 2026 earnings at $0.69 EPS, FY2026 earnings at $2.40 EPS and FY2027 earnings at $2.95 EPS.

CNQ has been the subject of a number of other research reports. Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada restated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Finally, Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $63.00.

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $29.36 on Monday. Canadian Natural Resources has a 52-week low of $24.65 and a 52-week high of $39.20. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $61.59 billion, a P/E ratio of 11.40 and a beta of 1.10. The business's 50-day moving average price is $28.91 and its 200 day moving average price is $31.25.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.4117 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 5.61%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 21st. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.

Hedge Funds Weigh In On Canadian Natural Resources

Large investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in Canadian Natural Resources by 8.7% in the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer's stock valued at $2,857,337,000 after buying an additional 7,372,718 shares during the period. Principal Securities Inc. raised its holdings in Canadian Natural Resources by 595.2% in the fourth quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer's stock worth $216,000 after purchasing an additional 5,982 shares during the period. SG Americas Securities LLC boosted its position in shares of Canadian Natural Resources by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer's stock worth $9,151,000 after purchasing an additional 17,694 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Canadian Natural Resources by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer's stock valued at $746,025,000 after buying an additional 1,270,945 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Canadian Natural Resources by 87.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer's stock worth $136,994,000 after buying an additional 2,064,492 shares during the period. Institutional investors and hedge funds own 74.03% 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).

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