What is Zacks Research's Forecast for TSE:CNQ Q2 Earnings?

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Equities researchers at Zacks Research dropped their Q2 2025 earnings per share estimates for Canadian Natural Resources in a report released on Thursday, May 29th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.68. 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' Q4 2025 earnings at $0.72 EPS and Q3 2026 earnings at $0.64 EPS.

CNQ has been the subject of a number of other reports. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 price target for the company in a research note on Wednesday, March 19th. Evercore ISI raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Desjardins cut their target price on Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating and cut their target price for the stock from C$52.00 to C$49.00 in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.25.

Canadian Natural Resources Price Performance

CNQ stock traded up C$0.05 during trading on Monday, hitting C$42.36. The company had a trading volume of 33,654,043 shares, compared to its average volume of 12,789,238. The firm has a market capitalization of C$88.90 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 0.53 and a beta of 1.89. The business has a 50 day moving average of C$41.01 and a 200 day moving average of C$43.13. Canadian Natural Resources has a fifty-two week low of C$34.92 and a fifty-two week high of C$52.15. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

Insiders Place Their Bets

In other news, Senior Officer Trevor Wagil sold 4,504 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$40.86, for a total value of C$184,046.95. Also, Senior Officer Dwayne Frederick Giggs bought 1,400 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was acquired at an average cost of C$36.88 per share, with a total value of C$51,631.02. Insiders sold a total of 39,004 shares of company stock worth $1,689,802 over the last ninety days. 4.26% of the stock is currently owned by company insiders.

Canadian Natural Resources Company Profile

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.