Zacks Research Has Pessimistic Outlook of CNQ Q1 Earnings

Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ - Equities research analysts at Zacks Research reduced their Q1 2026 earnings per share estimates for Canadian Natural Resources in a report issued on Friday, June 27th. Zacks Research analyst T. Saha now expects that the oil and gas producer will post earnings per share of $0.39 for the quarter, down from their previous estimate of $0.46. 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' Q2 2026 earnings at $0.35 EPS, Q4 2026 earnings at $0.40 EPS, FY2026 earnings at $1.63 EPS, Q1 2027 earnings at $0.60 EPS and FY2027 earnings at $2.47 EPS.

Other equities research analysts have also issued reports about the company. Raymond James Financial raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, March 19th. Finally, Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Canadian Natural Resources currently has an average rating of "Moderate Buy" and an average price target of $63.00.

Canadian Natural Resources Trading Up 0.8%

Shares of NYSE CNQ traded up $0.25 during trading hours on Monday, reaching $31.65. The stock had a trading volume of 2,873,598 shares, compared to its average volume of 5,773,467. Canadian Natural Resources has a 52-week low of $24.65 and a 52-week high of $37.91. The firm has a market cap of $66.20 billion, a price-to-earnings ratio of 11.14 and a beta of 1.03. The business's fifty day moving average price is $31.00 and its two-hundred day moving average price is $30.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $10.14 billion. Canadian Natural Resources had a net margin of 16.92% and a return on equity of 20.90%. During the same period in the previous year, the company earned $1.37 EPS.

Institutional Investors Weigh In On Canadian Natural Resources

Institutional investors have recently added to or reduced their stakes in the stock. MAI Capital Management lifted its position in shares of Canadian Natural Resources by 9.6% during the first quarter. MAI Capital Management now owns 4,365 shares of the oil and gas producer's stock valued at $134,000 after buying an additional 382 shares during the last quarter. Assetmark Inc. lifted its position in Canadian Natural Resources by 57.3% during the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 439 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Canadian Natural Resources by 10.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer's stock valued at $159,000 after acquiring an additional 480 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in Canadian Natural Resources by 0.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer's stock valued at $2,530,000 after acquiring an additional 497 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in Canadian Natural Resources by 8.0% in the first quarter. AdvisorNet Financial Inc now owns 7,065 shares of the oil and gas producer's stock worth $218,000 after purchasing an additional 525 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a $0.4227 dividend. This represents a $1.69 annualized dividend and a dividend yield of 5.34%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, June 13th. Canadian Natural Resources's payout ratio is presently 67.06%.

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).