Zacks Research Issues Positive Estimate for CNQ Earnings

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Equities researchers at Zacks Research lifted their Q1 2025 earnings per share (EPS) estimates for shares of Canadian Natural Resources in a research note issued on Wednesday, March 26th. Zacks Research analyst T. Saha now forecasts that the oil and gas producer will post earnings per share of $0.67 for the quarter, up from their previous estimate of $0.59. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.45 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.48 EPS, Q1 2026 earnings at $0.66 EPS, Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $2.48 EPS and FY2027 earnings at $3.07 EPS.

A number of other equities analysts have also weighed in on CNQ. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Raymond James reaffirmed a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.00.

Canadian Natural Resources Trading Down 1.3 %

Shares of CNQ opened at $30.55 on Friday. The firm has a market cap of $64.16 billion, a P/E ratio of 11.86 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources has a 1 year low of $25.62 and a 1 year high of $41.29. The company has a 50 day simple moving average of $29.98 and a two-hundred day simple moving average of $32.14.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. FMR LLC raised its position in Canadian Natural Resources by 8.7% during the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer’s stock valued at $2,857,337,000 after purchasing an additional 7,372,718 shares during the period. Vanguard Group Inc. increased its position in shares of Canadian Natural Resources by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 90,002,235 shares of the oil and gas producer’s stock valued at $2,778,729,000 after purchasing an additional 456,814 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Canadian Natural Resources by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer’s stock valued at $1,362,332,000 after buying an additional 550,242 shares during the period. Canada Pension Plan Investment Board lifted its position in Canadian Natural Resources by 5.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 36,963,702 shares of the oil and gas producer’s stock worth $1,139,753,000 after buying an additional 1,844,700 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in Canadian Natural Resources by 7.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 34,052,775 shares of the oil and gas producer’s stock worth $1,051,210,000 after buying an additional 2,312,437 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.4117 per share. This represents a $1.65 annualized dividend and a dividend yield of 5.39%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. Canadian Natural Resources’s dividend payout ratio is currently 77.88%.

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).