Zacks Research Issues Optimistic Estimate for CNQ Earnings

Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ - Analysts at Zacks Research raised their Q1 2025 earnings per share estimates for shares of Canadian Natural Resources in a research note issued on Friday, April 25th. Zacks Research analyst T. Saha now anticipates that the oil and gas producer will earn $0.71 per share for the quarter, up from their previous estimate of $0.69. 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 $0.69 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.52 EPS, Q4 2026 earnings at $0.69 EPS, FY2026 earnings at $2.40 EPS and FY2027 earnings at $2.95 EPS.

CNQ has been the topic of a number of other reports. Evercore ISI upgraded Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday, March 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, March 19th. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Finally, Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Canadian Natural Resources Stock Up 0.6 %

CNQ traded up $0.17 during trading on Monday, hitting $29.09. 525,143 shares of the company's stock traded hands, compared to its average volume of 5,363,778. The stock has a market capitalization of $61.03 billion, a price-to-earnings ratio of 11.31 and a beta of 1.10. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources has a 12-month low of $24.65 and a 12-month high of $39.20. The company's 50 day simple moving average is $28.84 and its two-hundred day simple moving average is $31.11.

Institutional Investors Weigh In On Canadian Natural Resources

Large investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its holdings in shares of Canadian Natural Resources by 8.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,757,518 shares of the oil and gas producer's stock valued at $146,532,000 after purchasing an additional 385,009 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in shares of Canadian Natural Resources in the first quarter valued at approximately $1,534,000. Sigma Planning Corp acquired a new position in shares of Canadian Natural Resources during the 1st quarter valued at about $287,000. Bleakley Financial Group LLC grew its stake in shares of Canadian Natural Resources by 32.0% in the 1st quarter. Bleakley Financial Group LLC now owns 31,967 shares of the oil and gas producer's stock valued at $985,000 after buying an additional 7,743 shares during the period. Finally, Genus Capital Management Inc. grew its position in Canadian Natural Resources by 120.9% in the first quarter. Genus Capital Management Inc. now owns 31,616 shares of the oil and gas producer's stock worth $973,000 after acquiring an additional 182,912 shares during the period. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.4117 dividend. The ex-dividend date was Friday, March 21st. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 dividend on an annualized basis and a yield of 5.66%. Canadian Natural Resources's dividend payout ratio (DPR) is 77.88%.

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).