Zacks Research Issues Pessimistic Forecast for CNQ Earnings

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Stock analysts at Zacks Research decreased their Q1 2025 EPS estimates for Canadian Natural Resources in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst T. Saha now anticipates that the oil and gas producer will earn $0.55 per share for the quarter, down from their previous forecast of $0.59. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.44 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q2 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $2.04 EPS and Q1 2026 earnings at $0.60 EPS.

A number of other research analysts have also recently issued reports on the stock. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Hold” and an average target price of $51.00.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $34.84 on Friday. The firm’s fifty day simple moving average is $34.59 and its 200-day simple moving average is $35.35. 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 stock has a market cap of $73.53 billion, a PE ratio of 13.53 and a beta of 1.50. Canadian Natural Resources has a fifty-two week low of $29.45 and a fifty-two week high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. The firm had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period in the previous year, the business earned $0.96 earnings per share.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.388 per share. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s payout ratio is currently 60.58%.

Institutional Investors Weigh In On Canadian Natural Resources

A number of large investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in shares of Canadian Natural Resources by 11.7% during the first quarter. Sei Investments Co. now owns 13,592 shares of the oil and gas producer’s stock valued at $1,037,000 after acquiring an additional 1,423 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of Canadian Natural Resources during the first quarter worth about $243,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Canadian Natural Resources by 105.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,555 shares of the oil and gas producer’s stock valued at $661,000 after buying an additional 4,400 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Canadian Natural Resources by 95.5% during the first quarter. Acadian Asset Management LLC now owns 4,300 shares of the oil and gas producer’s stock valued at $327,000 after buying an additional 2,100 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in Canadian Natural Resources during the first quarter worth approximately $415,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

About Canadian Natural Resources

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).