Research Analysts Offer Predictions for CNQ Q2 Earnings

Key Points

• Zacks Research has increased its Q2 2027 earnings per share (EPS) estimate for Canadian Natural Resources to $0.60, up from $0.58, with a full-year EPS consensus forecast of $2.45.
• The company recently increased its quarterly dividend to $0.4227 per share, which translates to an annualized basis of $1.69 and a yield of 5.30%.
• Canadian Natural Resources has received a range of investment ratings, with three analysts rating it as a hold and four issuing buy ratings, resulting in an average rating of "Moderate Buy" with a price target of $63.00.

Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ - Equities research analysts at Zacks Research raised their Q2 2027 earnings estimates for shares of Canadian Natural Resources in a research note issued on Monday, July 28th. Zacks Research analyst T. Saha now forecasts that the oil and gas producer will post earnings of $0.60 per share for the quarter, up from their previous estimate of $0.58. 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' FY2027 earnings at $2.52 EPS.

CNQ has been the subject of a number of other research reports. Raymond James Financial raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Scotiabank reissued an "outperform" rating on shares of Canadian Natural Resources in a report on Friday, July 11th. Finally, National Bankshares reissued a "sector perform" rating on shares of Canadian Natural Resources in a report on Thursday, July 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Canadian Natural Resources currently has an average rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ traded down $0.71 during mid-day trading on Tuesday, reaching $30.99. The company's stock had a trading volume of 4,233,802 shares, compared to its average volume of 6,552,161. The stock has a 50-day moving average of $31.80 and a two-hundred day moving average of $30.40. The stock has a market capitalization of $64.79 billion, a P/E ratio of 12.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.84. Canadian Natural Resources has a 1-year low of $24.65 and a 1-year high of $37.91.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the business posted $1.37 earnings per share.

Hedge Funds Weigh In On Canadian Natural Resources

A number of hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd grew its holdings in shares of Canadian Natural Resources by 238.9% during the second quarter. Y Intercept Hong Kong Ltd now owns 24,331 shares of the oil and gas producer's stock worth $764,000 after buying an additional 17,152 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Canadian Natural Resources by 2.1% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 47,729 shares of the oil and gas producer's stock worth $1,519,000 after buying an additional 986 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Canadian Natural Resources by 7.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,572,863 shares of the oil and gas producer's stock worth $49,388,000 after buying an additional 111,037 shares in the last quarter. QV Investors Inc. lifted its holdings in Canadian Natural Resources by 0.6% in the 2nd quarter. QV Investors Inc. now owns 627,619 shares of the oil and gas producer's stock valued at $19,686,000 after purchasing an additional 3,751 shares in the last quarter. Finally, Graybill Wealth Management LTD. increased its stake in shares of Canadian Natural Resources by 0.5% during the 2nd quarter. Graybill Wealth Management LTD. now owns 120,688 shares of the oil and gas producer's stock valued at $3,790,000 after acquiring an additional 660 shares during the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a dividend of $0.4227 per share. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a yield of 5.5%. Canadian Natural Resources's dividend payout ratio is 67.06%.

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).