Zacks Research Has Optimistic Outlook of CNQ Q1 Earnings

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Research analysts at Zacks Research raised their Q1 2025 earnings per share estimates for Canadian Natural Resources in a note issued to investors on Tuesday, January 14th. Zacks Research analyst T. Saha now expects that the oil and gas producer will earn $0.56 per share for the quarter, up from their previous estimate of $0.55. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.42 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q2 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $2.09 EPS, Q1 2026 earnings at $0.61 EPS, Q4 2026 earnings at $0.63 EPS and FY2026 earnings at $2.25 EPS.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the previous year, the firm posted $0.96 earnings per share.

Separately, Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Canadian Natural Resources Stock Up 1.0 %

Shares of NYSE CNQ opened at $31.11 on Friday. Canadian Natural Resources has a 12-month low of $29.23 and a 12-month high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The firm’s 50-day moving average is $32.24 and its two-hundred day moving average is $34.05. The company has a market capitalization of $65.44 billion, a PE ratio of 12.08 and a beta of 1.46.

Institutional Trading of Canadian Natural Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC raised its holdings in shares of Canadian Natural Resources by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock worth $1,447,326,000 after purchasing an additional 1,651,452 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Canadian Natural Resources by 93.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock valued at $1,476,644,000 after purchasing an additional 19,980,902 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Canadian Natural Resources by 105.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock valued at $1,127,382,000 after acquiring an additional 16,245,046 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Canadian Natural Resources by 90.3% during the second quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer’s stock worth $1,069,338,000 after purchasing an additional 14,246,978 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Canadian Natural Resources by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock worth $945,965,000 after buying an additional 1,383,478 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

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).