Q1 2025 EPS Estimates for Canadian Natural Resources Limited (TSE:CNQ) Lifted by Zacks Research

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Investment analysts at Zacks Research increased their Q1 2025 earnings per share estimates for Canadian Natural Resources in a report released on Thursday, August 22nd. Zacks Research analyst T. Saha now expects that the company will earn $1.11 per share for the quarter, up from their previous estimate of $1.06. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $3.53 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q3 2025 earnings at $1.01 EPS and FY2026 earnings at $3.80 EPS.

Other equities analysts also recently issued research reports about the stock. TD Securities lifted their target price on shares of 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. Raymond James lowered their price objective on Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. Jefferies Financial Group cut their target price on Canadian Natural Resources from C$110.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. Desjardins lifted their target price on Canadian Natural Resources from C$55.00 to C$56.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Scotiabank cut 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 report on Tuesday, June 11th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$90.88.

Canadian Natural Resources Stock Up 1.0 %

Shares of TSE CNQ opened at C$49.24 on Monday. The company’s 50 day moving average price is C$48.41 and its 200-day moving average price is C$80.43. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources has a 52-week low of C$40.02 and a 52-week high of C$56.49. The company has a market capitalization of C$104.88 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.53 and a beta of 1.92.

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

Insider Buying and Selling at Canadian Natural Resources

In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$48.43, for a total value of C$181,612.50. 4.24% of the stock is currently owned by company insiders.

Canadian Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, September 13th. Canadian Natural Resources’s payout ratio is currently 59.09%.

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).