Zacks Research Issues Positive Estimate for TSE:CNQ Earnings

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Stock analysts at Zacks Research lifted their Q4 2024 EPS estimates for Canadian Natural Resources in a report released on Tuesday, January 14th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $0.84 for the quarter, up from their previous forecast of $0.79. 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 $0.76 EPS, Q2 2025 earnings at $0.76 EPS, FY2025 earnings at $2.86 EPS, Q1 2026 earnings at $0.81 EPS, Q3 2026 earnings at $0.69 EPS, Q4 2026 earnings at $0.84 EPS and FY2026 earnings at $2.98 EPS.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets dropped their target price on Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Jefferies Financial Group boosted their price objective on Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Wells Fargo & Company raised their target price on Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Monday, December 9th. ATB Capital upped their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, TD Securities set a C$58.00 price objective on shares of Canadian Natural Resources and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$71.88.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at C$45.01 on Friday. The firm’s 50 day moving average is C$45.80 and its 200 day moving average is C$47.16. The stock has a market capitalization of C$95.87 billion, a P/E ratio of 12.82, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 12 month low of C$40.02 and a 12 month 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 Activity at Canadian Natural Resources

In other news, Senior Officer Troy John Peter Andersen sold 19,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$47.45, for a total value of C$901,607.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$97,405.40. Insiders have sold a total of 137,152 shares of company stock valued at $6,207,845 over the last 90 days. 4.26% of the stock is owned by insiders.

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).