TSE:CNQ FY2024 EPS Forecast Raised by Zacks Research

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Zacks Research lifted their FY2024 earnings per share estimates for shares of Canadian Natural Resources in a research report issued on Thursday, February 13th. Zacks Research analyst T. Saha now forecasts that the company will earn $3.40 per share for the year, up from their prior estimate of $3.37. 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' Q4 2024 earnings at $0.87 EPS, Q4 2024 earnings at $0.87 EPS, FY2024 earnings at $3.40 EPS, Q1 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.96 EPS, FY2025 earnings at $2.96 EPS, Q1 2026 earnings at $0.84 EPS, Q1 2026 earnings at $0.84 EPS, Q2 2026 earnings at $0.66 EPS, Q2 2026 earnings at $0.66 EPS, Q3 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.73 EPS, Q4 2026 earnings at $0.87 EPS, FY2026 earnings at $3.10 EPS and FY2026 earnings at $3.10 EPS.

Several other research firms have also recently commented on CNQ. Royal Bank of Canada decreased their price target on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research note on Tuesday, January 14th. Jefferies Financial Group lowered their target price on Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. Wells Fargo & Company upped their price target on Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Monday, December 9th. BMO Capital Markets dropped their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Finally, Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources presently has an average rating of "Moderate Buy" and a consensus target price of C$71.44.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock traded up C$0.20 during mid-day trading on Monday, hitting C$43.50. 16,648,758 shares of the company were exchanged, compared to its average volume of 7,089,390. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The company has a market capitalization of C$91.29 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 1-year low of C$42.01 and a 1-year high of C$56.49. The business has a fifty day moving average of C$44.42 and a 200 day moving average of C$46.40.

Insiders Place Their Bets

In other news, Senior Officer Robin Sean Zabek sold 19,000 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total value of C$818,254.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company'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 three months, insiders have sold 148,932 shares of company stock worth $6,711,095. 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).