What is Zacks Research's Estimate for TSE:CNQ Q1 Earnings?

Key Points

• Zacks Research has raised its earnings per share estimate for Canadian Natural Resources (TSE:CNQ) Q1 2026 from $0.60 to $0.61, with full-year earnings now projected at $3.83 per share.
• Various financial institutions have adjusted their target prices for CNQ, with Wells Fargo increasing it to C$46.00 while Royal Bank of Canada lowered it to C$62.00.
• Recent insider trading includes significant sales from Ronald Keith Laing and Stephen W. Laut, suggesting potential changes in investor confidence and stock positions within the company.

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Equities researchers at Zacks Research increased their Q1 2026 earnings per share estimates for shares of Canadian Natural Resources in a report released on Wednesday, October 15th. Zacks Research analyst Team now expects that the company will earn $0.61 per share for the quarter, up from their previous forecast of $0.60. The consensus estimate for Canadian Natural Resources' current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Canadian Natural Resources' Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.64 EPS, FY2026 earnings at $2.60 EPS, Q1 2027 earnings at $0.94 EPS, Q2 2027 earnings at $0.85 EPS, Q3 2027 earnings at $1.05 EPS and FY2027 earnings at $3.83 EPS.

CNQ has been the subject of a number of other reports. Wells Fargo & Company raised their price objective on Canadian Natural Resources from C$42.00 to C$46.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada dropped their target price on Canadian Natural Resources from C$64.00 to C$62.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Raymond James Financial lifted their target price on Canadian Natural Resources from C$52.00 to C$54.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Scotiabank lifted their target price on Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$54.64.

Canadian Natural Resources Stock Down 0.2%

Shares of CNQ opened at C$43.36 on Thursday. Canadian Natural Resources has a 52-week low of C$34.92 and a 52-week high of C$49.68. The company has a market capitalization of C$90.21 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.53 and a beta of 0.88. The stock has a fifty day simple moving average of C$43.41 and a two-hundred day simple moving average of C$42.67. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79.

Insider Activity

In related news, insider Ronald Keith Laing sold 20,000 shares of the business's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of C$45.17, for a total transaction of C$903,400.00. Following the completion of the sale, the insider owned 2,049 shares in the company, valued at C$92,553.33. The trade was a 90.71% decrease in their ownership of the stock. Also, Director Stephen W. Laut sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$43.92, for a total value of C$307,440.00. Following the sale, the director owned 895,350 shares of the company's stock, valued at approximately C$39,323,772. The trade was a 0.78% decrease in their position. Company insiders own 4.26% of the company's stock.

About Canadian Natural Resources

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company's portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.

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