Equities Analysts Offer Predictions for TSE:CNQ Q4 Earnings

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for Canadian Natural Resources in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $0.79 per share for the quarter, down from their previous estimate 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’ Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.78 EPS, Q1 2026 earnings at $0.79 EPS, Q2 2026 earnings at $0.63 EPS and Q3 2026 earnings at $0.66 EPS.

CNQ has been the topic of a number of other reports. TD Securities lifted their price target on Canadian Natural Resources from C$56.00 to C$58.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Raymond James lifted their target price on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the company from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Royal Bank of Canada lifted their price objective on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, CIBC boosted their target price on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$74.31.

Canadian Natural Resources Stock Up 0.8 %

Canadian Natural Resources stock opened at C$48.71 on Friday. The firm has a market capitalization of C$103.75 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The firm’s fifty day moving average price is C$47.44 and its two-hundred day moving average price is C$58.53. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64.

Insider Buying and Selling

In other Canadian Natural Resources news, Director Stephen W. Laut sold 6,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total value of C$301,056.00. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Insiders sold 16,422 shares of company stock worth $785,328 in the last quarter. 4.26% of the stock is owned by insiders.

Canadian Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.31%. Canadian Natural Resources’s dividend payout ratio is 60.97%.

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).