Zacks Research Has Optimistic Outlook of CNQ Q2 Earnings

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Investment analysts at Zacks Research increased their Q2 2025 earnings estimates for shares of Canadian Natural Resources in a note issued to investors on Wednesday, March 26th. Zacks Research analyst T. Saha now expects that the oil and gas producer will post earnings per share of $0.56 for the quarter, up from their previous forecast of $0.55. 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’ Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.37 EPS, Q1 2026 earnings at $0.67 EPS, Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.74 EPS, FY2026 earnings at $2.53 EPS and FY2027 earnings at $3.03 EPS.

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

Canadian Natural Resources Trading Down 1.3 %

Shares of Canadian Natural Resources stock opened at $30.55 on Monday. The business has a 50-day moving average price of $29.98 and a 200-day moving average price of $32.14. Canadian Natural Resources has a twelve month low of $25.62 and a twelve month high of $41.29. The firm has a market cap of $64.16 billion, a price-to-earnings ratio of 11.86 and a beta of 1.48. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Institutional Investors Weigh In On Canadian Natural Resources

Several hedge funds and other institutional investors have recently bought and sold shares of CNQ. Old West Investment Management LLC grew its holdings in shares of Canadian Natural Resources by 73.9% in the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock valued at $11,822,000 after purchasing an additional 151,237 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Canadian Natural Resources by 49.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,313 shares of the oil and gas producer’s stock worth $309,000 after acquiring an additional 3,076 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Canadian Natural Resources by 237.5% in the third quarter. BNP Paribas Financial Markets now owns 144,139 shares of the oil and gas producer’s stock valued at $4,787,000 after purchasing an additional 101,430 shares in the last quarter. Townsquare Capital LLC acquired a new stake in Canadian Natural Resources during the third quarter worth approximately $347,000. Finally, Glenmede Trust Co. NA grew its holdings in shares of Canadian Natural Resources by 2.9% during the third quarter. Glenmede Trust Co. NA now owns 39,238 shares of the oil and gas producer’s stock worth $1,303,000 after purchasing an additional 1,120 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Increases Dividend

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

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).