Zacks Research Has Bullish Forecast for TSE:CNQ Q1 Earnings

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for Canadian Natural Resources in a research note issued on Wednesday, March 26th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $0.93 per share 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.

Other analysts also recently issued reports about the stock. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company lowered their target price on shares of Canadian Natural Resources from C$50.00 to C$44.00 in a research note on Friday, March 7th. Raymond James lifted their price target on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Friday, March 7th. Evercore ISI upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Finally, Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 target price on the stock in a report on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$68.53.

Canadian Natural Resources Trading Down 1.2 %

TSE:CNQ opened at C$43.73 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. Canadian Natural Resources has a 1-year low of C$37.11 and a 1-year high of C$56.49. The firm has a market capitalization of C$91.77 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.53 and a beta of 1.89. The business’s 50-day moving average price is C$43.04 and its two-hundred day moving average price is C$45.25.

Insider Transactions at Canadian Natural Resources

In other news, Senior Officer Devin Craig Lowe sold 7,500 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$46.37, for a total transaction of C$347,775.00. Also, Director Stephen W. Laut acquired 942 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was bought at an average price of C$46.46 per share, with a total value of C$43,765.32. Insiders sold 154,684 shares of company stock valued at $6,940,170 in the last ninety days. 4.26% of the stock is currently owned by corporate insiders.

About Canadian Natural Resources

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.