Zacks Research Issues Negative Outlook for TSE:CNQ Earnings

Canadian Natural Resources Limited (TSE:CNQ - Free Report) NYSE: CNQ - Equities researchers at Zacks Research reduced their Q1 2026 EPS estimates for Canadian Natural Resources in a research report issued on Friday, June 27th. Zacks Research analyst T. Saha now expects that the company will post earnings of $0.55 per share for the quarter, down from their prior forecast of $0.65. 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 $0.49 EPS, Q4 2026 earnings at $0.56 EPS, FY2026 earnings at $2.28 EPS, Q1 2027 earnings at $0.83 EPS and FY2027 earnings at $3.45 EPS.

Several other brokerages have also recently commented on CNQ. National Bankshares reduced their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 price target on the stock in a research report on Wednesday, March 19th. Desjardins dropped their price target on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. CIBC upped their price target on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a research report on Thursday, April 10th. Finally, Evercore ISI raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.58.

Canadian Natural Resources Stock Down 1.0%

Canadian Natural Resources stock opened at C$43.11 on Monday. The stock has a market capitalization of C$90.47 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a twelve month low of C$34.92 and a twelve month high of C$52.15. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The company has a 50 day moving average of C$42.66 and a 200-day moving average of C$42.78.

Insiders Place Their Bets

In other Canadian Natural Resources news, Senior Officer Mark Allen Stainthorpe sold 45,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of C$43.27, for a total transaction of C$1,947,150.00. Also, Director Stephen W. Laut acquired 980 shares of Canadian Natural Resources stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of C$44.65 per share, for a total transaction of C$43,757.00. Insiders have sold 249,676 shares of company stock worth $11,265,119 over the last ninety days. Corporate insiders own 4.26% of the company's stock.

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.

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