Zacks Research Research Analysts Lift Earnings Estimates for Canadian Natural Resources Limited (TSE:CNQ)

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Zacks Research lifted their Q1 2025 earnings per share estimates for shares of Canadian Natural Resources in a report released on Tuesday, May 14th. Zacks Research analyst T. Saha now forecasts that the company will earn $1.92 per share for the quarter, up from their previous estimate of $1.84. The consensus estimate for Canadian Natural Resources' current full-year earnings is $7.23 per share. Zacks Research also issued estimates for Canadian Natural Resources' Q4 2025 earnings at $1.78 EPS.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last announced its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, beating the consensus estimate of C$2.14 by C$0.20. Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%. The company had revenue of C$9.55 billion for the quarter, compared to the consensus estimate of C$9.04 billion.

A number of other equities research analysts have also recently issued reports on CNQ. TD Securities upped their price target on shares of Canadian Natural Resources from C$112.00 to C$117.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Royal Bank of Canada increased their target price on Canadian Natural Resources from C$100.00 to C$120.00 in a research note on Tuesday, April 9th. Desjardins downgraded Canadian Natural Resources from a "buy" rating to a "hold" rating and lifted their price target for the stock from C$104.00 to C$110.00 in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price target on Canadian Natural Resources from C$102.00 to C$106.00 in a report on Monday, March 4th. Finally, ATB Capital raised their price objective on shares of Canadian Natural Resources from C$100.00 to C$107.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 20th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$111.47.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ traded up C$1.72 during trading hours on Friday, hitting C$104.90. 1,633,213 shares of the stock were exchanged, compared to its average volume of 5,608,638. The firm has a market capitalization of C$112.24 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.53 and a beta of 1.98. Canadian Natural Resources has a one year low of C$69.83 and a one year high of C$112.99. The company has a debt-to-equity ratio of 27.94, a current ratio of 0.88 and a quick ratio of 0.54. The company's 50 day moving average is C$104.22 and its 200 day moving average is C$93.31.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Director Norman Murray Edwards sold 251,500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$98.46, for a total transaction of C$24,762,187.00. In other news, Senior Officer Calvin John Bast sold 3,750 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$97.62, for a total value of C$366,058.88. Also, Director Norman Murray Edwards sold 251,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$98.46, for a total value of C$24,762,187.00. Over the last ninety days, insiders have sold 329,760 shares of company stock valued at $32,343,848. 2.20% of the stock is currently owned by corporate insiders.

Canadian Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Monday, June 17th. Canadian Natural Resources's dividend payout ratio is 59.17%.

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).