Zacks Research Brokers Decrease Earnings Estimates for CNQ

Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ - Research analysts at Zacks Research dropped their Q3 2025 earnings per share (EPS) estimates for shares of Canadian Natural Resources in a research note issued to investors on Thursday, May 29th. Zacks Research analyst T. Saha now expects that the oil and gas producer will post earnings per share of $0.50 for the quarter, down from their prior forecast 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' Q4 2025 earnings at $0.50 EPS, Q2 2026 earnings at $0.37 EPS and Q3 2026 earnings at $0.46 EPS.

Several other research analysts have also issued reports on CNQ. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Tudor Pickering lowered Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 9th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $63.00.

Canadian Natural Resources Trading Up 1.4%

CNQ traded up $0.43 during mid-day trading on Monday, reaching $30.80. The stock had a trading volume of 5,850,684 shares, compared to its average volume of 5,547,972. The stock has a market capitalization of $64.51 billion, a P/E ratio of 11.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm's fifty day simple moving average is $29.44 and its two-hundred day simple moving average is $30.44. Canadian Natural Resources has a 52 week low of $24.65 and a 52 week high of $38.51.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $10.14 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period last year, the company earned $1.37 EPS.

Institutional Trading of Canadian Natural Resources

Hedge funds have recently bought and sold shares of the stock. Intrua Financial LLC bought a new stake in shares of Canadian Natural Resources during the first quarter worth $230,000. Turn8 Private Wealth Inc. boosted its stake in Canadian Natural Resources by 9.7% in the 1st quarter. Turn8 Private Wealth Inc. now owns 91,412 shares of the oil and gas producer's stock worth $2,814,000 after purchasing an additional 8,074 shares during the period. Acadian Asset Management LLC increased its holdings in Canadian Natural Resources by 294.3% during the 1st quarter. Acadian Asset Management LLC now owns 411,166 shares of the oil and gas producer's stock worth $12,647,000 after purchasing an additional 306,900 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Canadian Natural Resources by 47.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer's stock valued at $51,000 after purchasing an additional 528 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of Canadian Natural Resources by 43.7% in the 1st quarter. Intech Investment Management LLC now owns 445,503 shares of the oil and gas producer's stock valued at $13,706,000 after purchasing an additional 135,516 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a $0.4227 dividend. The ex-dividend date is Friday, June 13th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a dividend yield of 5.49%. Canadian Natural Resources's payout ratio is currently 63.92%.

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).