Zacks Research Brokers Increase Earnings Estimates for CNQ

Key Points

• Analysts at Zacks Research have increased their earnings estimates for Canadian Natural Resources Limited (NYSE:CNQ) for FY2025, raising their forecast to $2.37 per share from $2.36.
• The company has announced a quarterly dividend of $0.4269 per share, reflecting an increase from its previous dividend of $0.42, resulting in an annualized yield of 5.5%.
• Canadian Natural Resources currently holds a "Strong-Buy" rating from Zacks, with a consensus estimate for full-year earnings at $2.45 per share.

Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ - Analysts at Zacks Research upped their FY2025 earnings per share estimates for shares of Canadian Natural Resources in a research report issued on Wednesday, October 15th. Zacks Research analyst Team now expects that the oil and gas producer will earn $2.37 per share for the year, up from their previous forecast of $2.36. Zacks Research has a "Strong-Buy" rating on the stock. 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' Q1 2026 earnings at $0.44 EPS, Q2 2026 earnings at $0.39 EPS, Q3 2026 earnings at $0.57 EPS, Q4 2026 earnings at $0.46 EPS, FY2026 earnings at $1.86 EPS, Q1 2027 earnings at $0.67 EPS, Q2 2027 earnings at $0.61 EPS, Q3 2027 earnings at $0.75 EPS and FY2027 earnings at $2.74 EPS.

CNQ has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $62.00 price target on shares of Canadian Natural Resources in a research report on Wednesday, September 24th. TD Securities reaffirmed a "buy" rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Raymond James Financial reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Natural Resources in a research report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Canadian Natural Resources in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $62.00.

Canadian Natural Resources Price Performance

CNQ stock opened at $30.85 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54. The firm has a market capitalization of $64.37 billion, a P/E ratio of 10.94 and a beta of 0.97. The business's 50-day moving average is $31.33 and its two-hundred day moving average is $30.86. Canadian Natural Resources has a 1 year low of $24.65 and a 1 year high of $35.93.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings results on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. The company had revenue of $6.39 billion for the quarter, compared to analyst estimates of $8.97 billion. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.During the same quarter last year, the company earned $0.88 EPS.

Institutional Trading of Canadian Natural Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. MAI Capital Management lifted its position in Canadian Natural Resources by 9.6% during the 1st quarter. MAI Capital Management now owns 4,365 shares of the oil and gas producer's stock worth $134,000 after acquiring an additional 382 shares during the period. Haven Private LLC lifted its holdings in shares of Canadian Natural Resources by 3.4% in the 2nd quarter. Haven Private LLC now owns 11,617 shares of the oil and gas producer's stock valued at $365,000 after buying an additional 383 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Canadian Natural Resources by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 32,283 shares of the oil and gas producer's stock valued at $1,014,000 after buying an additional 387 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of Canadian Natural Resources by 5.7% in the 2nd quarter. Kingsview Wealth Management LLC now owns 8,109 shares of the oil and gas producer's stock valued at $255,000 after buying an additional 434 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian Natural Resources by 8.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,613 shares of the oil and gas producer's stock valued at $176,000 after buying an additional 448 shares during the period. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were given a dividend of $0.4269 per share. This represents a $1.71 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Friday, September 19th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.42. Canadian Natural Resources's payout ratio is 60.64%.

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).

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