Zacks Research Issues Positive Outlook for TSE:CNQ Earnings

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Equities research analysts at Zacks Research upped their FY2024 earnings per share (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 forecasts that the company will post earnings per share of $3.32 for the year, up from their previous estimate of $3.25. 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’ Q3 2025 earnings at $0.73 EPS and FY2026 earnings at $2.90 EPS.

A number of other brokerages have also issued reports on CNQ. ATB Capital upped their price target on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. CIBC upped their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. Desjardins raised Canadian Natural Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Raymond James increased their price objective on Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Finally, National Bankshares lifted their target price on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and an average price target of C$74.31.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at C$48.71 on Monday. The company has a 50 day moving average price of C$47.44 and a 200 day moving average price of C$57.92. The firm has a market capitalization of C$103.75 billion, a P/E ratio of 13.88, a PEG ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49.

Canadian Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 annualized dividend and a dividend yield of 4.31%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.97%.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of C$47.51, for a total value of C$202,966.99. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the business’s stock in a transaction on 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 16,422 shares of company stock valued at $785,328. 4.26% of the stock is owned by corporate insiders.

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).