Canadian Natural Resources Limited to Post FY2024 Earnings of $3.36 Per Share, Zacks Research Forecasts (TSE:CNQ)

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Equities research analysts at Zacks Research issued their FY2024 earnings per share estimates for shares of Canadian Natural Resources in a research note issued on Wednesday, September 11th. Zacks Research analyst T. Saha anticipates that the company will post earnings of $3.36 per share for the year. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $4.23 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q4 2025 earnings at $0.93 EPS, Q2 2026 earnings at $0.74 EPS and FY2026 earnings at $3.51 EPS.

Several other brokerages have also commented on CNQ. Royal Bank of Canada upped their target price on Canadian Natural Resources from C$60.00 to C$62.00 in a research report on Friday, August 2nd. Raymond James dropped their price target on Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 12th. Jefferies Financial Group dropped their price target on Canadian Natural Resources from C$110.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, July 15th. Scotiabank dropped their price target on Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 11th. Finally, TD Securities upped their price target on Canadian Natural Resources from C$49.00 to C$60.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$90.88.

Canadian Natural Resources Stock Down 0.9 %

Shares of Canadian Natural Resources stock opened at C$43.40 on Friday. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The stock’s 50-day moving average is C$47.91 and its 200 day moving average is C$76.80. The firm has a market cap of C$92.44 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.53 and a beta of 1.91.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. The firm had revenue of C$9.05 billion for the quarter, compared to analyst estimates of C$8.41 billion.

Canadian Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, September 13th. This represents a $2.10 dividend on an annualized basis and a yield of 4.84%. Canadian Natural Resources’s payout ratio is 59.09%.

Insider Transactions at Canadian Natural Resources

In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$48.43, for a total value of C$181,612.50. Company insiders own 4.24% 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).