Zacks Research Brokers Lower Earnings Estimates for CNQ

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Zacks Research cut their Q1 2025 earnings estimates for shares of Canadian Natural Resources in a research report issued on Wednesday, November 20th. Zacks Research analyst T. Saha now expects that the oil and gas producer will earn $0.55 per share for the quarter, down from their prior forecast of $0.59. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.44 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q2 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $2.04 EPS and Q1 2026 earnings at $0.60 EPS.

Several other research analysts have also issued reports on the stock. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. StockNews.com downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Hold” and an average price target of $51.00.

Canadian Natural Resources Trading Up 0.8 %

NYSE CNQ opened at $34.84 on Friday. The business’s 50-day moving average price is $34.59 and its two-hundred day moving average price is $35.37. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $73.52 billion, a PE ratio of 13.53 and a beta of 1.50. Canadian Natural Resources has a 12 month low of $29.45 and a 12 month high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the firm posted $0.96 earnings per share.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.388 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a yield of 4.46%. Canadian Natural Resources’s dividend payout ratio is currently 60.58%.

Hedge Funds Weigh In On Canadian Natural Resources

Institutional investors have recently made changes to their positions in the stock. RFP Financial Group LLC boosted its holdings in Canadian Natural Resources by 98.3% in the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 352 shares in the last quarter. Park Place Capital Corp lifted its holdings in shares of Canadian Natural Resources by 100.0% in the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 358 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in Canadian Natural Resources by 100.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 728 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 364 shares during the period. Continuum Advisory LLC increased its stake in Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its stake in Canadian Natural Resources by 91.6% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 868 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 415 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

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).