Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Analysts at Zacks Research raised their Q2 2024 earnings estimates for Canadian Natural Resources in a research report issued on Tuesday, April 23rd. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $1.59 for the quarter, up from their prior forecast of $1.54. The consensus estimate for Canadian Natural Resources' current full-year earnings is $7.61 per share. Zacks Research also issued estimates for Canadian Natural Resources' Q4 2024 earnings at $1.99 EPS, FY2024 earnings at $7.08 EPS, Q3 2025 earnings at $2.57 EPS, Q4 2025 earnings at $1.90 EPS and FY2025 earnings at $8.43 EPS.
Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last released its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, beating analysts' consensus estimates of C$2.14 by C$0.20. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. The company had revenue of C$9.55 billion for the quarter, compared to analyst estimates of C$9.04 billion.
A number of other equities analysts have also issued reports on CNQ. Stifel Nicolaus boosted their target price on shares of Canadian Natural Resources from C$110.00 to C$126.00 and gave the stock a "buy" rating in a research report on Tuesday. Scotiabank boosted their target price on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a "sector perform" rating in a research report on Friday, March 1st. Desjardins lowered shares of Canadian Natural Resources from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$104.00 to C$110.00 in a research report on Tuesday. Jefferies Financial Group boosted their target price on shares of Canadian Natural Resources from C$86.00 to C$110.00 and gave the stock a "hold" rating in a research report on Friday, April 12th. Finally, UBS Group boosted their target price on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a research report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$111.00.
View Our Latest Stock Report on Canadian Natural Resources
Canadian Natural Resources Stock Performance
Shares of TSE:CNQ traded up C$0.25 during trading on Thursday, reaching C$105.68. The stock had a trading volume of 2,251,887 shares, compared to its average volume of 6,245,521. Canadian Natural Resources has a 52 week low of C$69.83 and a 52 week high of C$112.99. The firm has a market capitalization of C$113.08 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.53 and a beta of 1.98. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 31.01. The stock has a fifty day simple moving average of C$100.29 and a two-hundred day simple moving average of C$91.74.
Insider Transactions at Canadian Natural Resources
In other news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total value of C$332,430.00. In other news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total value of C$332,430.00. Also, Director Stephen W. Laut bought 414 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was purchased at an average cost of C$105.70 per share, for a total transaction of C$43,760.71. In the last quarter, insiders have sold 332,363 shares of company stock valued at $32,567,851. 2.20% of the stock is owned by insiders.
Canadian Natural Resources Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $1.05 dividend. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.20 annualized dividend and a dividend yield of 3.97%. Canadian Natural Resources's dividend payout ratio is presently 51.54%.
About Canadian Natural Resources
(
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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).
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