Zacks Research Analysts Boost Earnings Estimates for CNQ

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Zacks Research lifted their Q1 2025 EPS estimates for Canadian Natural Resources in a research report issued on Wednesday, March 26th. Zacks Research analyst T. Saha now anticipates that the oil and gas producer will earn $0.67 per share for the quarter, up from their previous forecast of $0.59. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.45 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.48 EPS, Q1 2026 earnings at $0.66 EPS, Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $2.48 EPS and FY2027 earnings at $3.07 EPS.

Several other research firms also recently commented on CNQ. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, March 19th. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a report on Friday, March 7th. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Hold” and a consensus price target of $63.00.

Canadian Natural Resources Stock Down 1.3 %

NYSE:CNQ opened at $30.55 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources has a twelve month low of $25.62 and a twelve month high of $41.29. The company has a market cap of $64.16 billion, a PE ratio of 11.86 and a beta of 1.48. The company’s 50 day moving average is $29.98 and its two-hundred day moving average is $32.14.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.4117 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.39%. Canadian Natural Resources’s dividend payout ratio is presently 77.88%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Canadian Natural Resources by 198.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 34,047 shares of the oil and gas producer’s stock worth $1,051,000 after purchasing an additional 22,637 shares during the period. Hara Capital LLC boosted its holdings in Canadian Natural Resources by 49.6% during the fourth quarter. Hara Capital LLC now owns 22,934 shares of the oil and gas producer’s stock worth $708,000 after buying an additional 7,604 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in Canadian Natural Resources during the fourth quarter valued at $2,452,000. Mackenzie Financial Corp increased its holdings in Canadian Natural Resources by 4.9% in the fourth quarter. Mackenzie Financial Corp now owns 31,580,717 shares of the oil and gas producer’s stock valued at $973,976,000 after buying an additional 1,464,807 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in Canadian Natural Resources by 78.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 72,704 shares of the oil and gas producer’s stock valued at $2,242,000 after buying an additional 31,933 shares in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

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).