Zacks Research Has Bullish Estimate for TSE:CNQ Q1 Earnings

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Analysts at Zacks Research raised their Q1 2025 earnings estimates for Canadian Natural Resources in a research report issued on Wednesday, March 26th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $0.93 for the quarter, up from their prior forecast of $0.80. 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 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $3.28 EPS, Q1 2026 earnings at $0.93 EPS, Q2 2026 earnings at $0.75 EPS, Q3 2026 earnings at $0.78 EPS, Q4 2026 earnings at $1.01 EPS and FY2027 earnings at $4.29 EPS.

Several other research firms have also recently commented on CNQ. Evercore ISI upgraded shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the company a "buy" rating in a research note on Tuesday, December 3rd. National Bankshares lowered their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company reduced their price objective on Canadian Natural Resources from C$50.00 to C$44.00 in a research report on Friday, March 7th. Finally, Royal Bank of Canada boosted their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$68.53.

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Canadian Natural Resources Stock Performance

Shares of CNQ traded up C$0.20 during mid-day trading on Friday, hitting C$44.48. The company's stock had a trading volume of 1,416,351 shares, compared to its average volume of 12,868,292. The stock's 50-day moving average is C$42.99 and its two-hundred day moving average is C$45.24. The firm has a market capitalization of C$93.35 billion, a PE ratio of 12.35, a price-to-earnings-growth 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. Canadian Natural Resources has a one year low of C$37.11 and a one year high of C$56.49.

Insider Transactions at Canadian Natural Resources

In related news, Senior Officer Trevor Wagil sold 4,504 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$40.86, for a total value of C$184,046.95. Also, Senior Officer Warren Paul Raczynski sold 7,500 shares of Canadian Natural Resources stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$43.70, for a total value of C$327,750.00. Over the last three months, insiders have sold 154,684 shares of company stock worth $6,940,170. 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.