Zacks Research Has Positive Outlook for TSE:CNQ Q1 Earnings

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Zacks Research raised their Q1 2025 earnings per share estimates for Canadian Natural Resources in a research note issued on Friday, April 25th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $0.99 for the quarter, up from their prior estimate of $0.96. 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' Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.73 EPS, Q4 2026 earnings at $0.96 EPS, FY2026 earnings at $3.36 EPS and FY2027 earnings at $4.13 EPS.

Several other equities analysts have also recently issued reports on CNQ. National Bankshares reduced their price objective on Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. CIBC lifted their price target on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from C$52.00 to C$49.00 in a research report on Wednesday, April 9th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price for the company in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada upped their target price on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$54.08.

Canadian Natural Resources Stock Performance

TSE:CNQ traded up C$0.04 during trading hours on Monday, reaching C$40.04. 592,682 shares of the stock were exchanged, compared to its average volume of 12,619,792. The stock has a market capitalization of C$84.03 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.53 and a beta of 1.89. The firm has a 50 day simple moving average of C$40.87 and a 200-day simple moving average of C$44.13. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$53.45.

Insiders Place Their Bets

In related news, Senior Officer Warren Paul Raczynski sold 7,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$43.70, for a total transaction of C$327,750.00. Also, Senior Officer Dwayne Frederick Giggs bought 1,400 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were purchased at an average cost of C$36.88 per share, for a total transaction of C$51,631.02. In the last three months, insiders have sold 39,684 shares of company stock worth $1,710,613. 4.26% of the stock is owned by corporate insiders.

About Canadian Natural Resources

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.