FY2024 EPS Estimates for TSE:CNQ Lifted by Zacks Research

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Zacks Research upped their FY2024 EPS estimates for Canadian Natural Resources in a report released on Wednesday, November 20th. Zacks Research analyst T. Saha now forecasts that the company will earn $3.32 per share for the year, up from their prior forecast of $3.25. 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’ Q3 2025 earnings at $0.73 EPS and FY2026 earnings at $2.90 EPS.

Several other equities analysts also recently commented on the company. Royal Bank of Canada boosted their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and upped their price target for the stock from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. ATB Capital increased their price objective on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Gerdes Energy Research upped their target price on shares of Canadian Natural Resources from C$53.00 to C$55.00 in a research report on Friday, November 1st. Finally, TD Securities lifted their price target on shares of Canadian Natural Resources from C$56.00 to C$58.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$74.31.

Canadian Natural Resources Trading Up 0.8 %

Shares of Canadian Natural Resources stock opened at C$48.71 on Monday. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The company has a market capitalization of C$103.75 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a fifty day moving average of C$47.44 and a 200 day moving average of C$57.92.

Insider Activity

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. Also, Director Stephen W. Laut sold 6,400 shares of Canadian Natural Resources stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$47.04, for a total transaction of C$301,056.00. Over the last 90 days, insiders have sold 16,422 shares of company stock valued at $785,328. 4.26% of the stock is currently owned by insiders.

Canadian Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 annualized dividend and a dividend yield of 4.31%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 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).