Zacks Research Issues Positive Outlook for TSE:CNQ Earnings

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Equities researchers at Zacks Research raised their FY2025 EPS estimates for shares of Canadian Natural Resources in a research note issued to investors on Thursday, March 27th. Zacks Research analyst T. Saha now forecasts that the company will earn $3.31 per share for the year, up from their previous forecast of $3.28. 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 $0.70 EPS, Q1 2026 earnings at $0.94 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.81 EPS, Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $3.54 EPS and FY2027 earnings at $4.24 EPS.

A number of other equities research analysts also recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Canadian Natural Resources from C$50.00 to C$44.00 in a research report on Friday, March 7th. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Raymond James raised their price objective on Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Friday, March 7th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, 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. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong 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 C$68.53.

Canadian Natural Resources Stock Up 1.2 %

Shares of CNQ stock opened at C$44.82 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. Canadian Natural Resources has a 12 month low of C$37.11 and a 12 month high of C$56.49. The stock has a market cap of C$94.06 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a 50 day simple moving average of C$42.97 and a two-hundred day simple moving average of C$45.24.

Insider Transactions at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$46.37, for a total transaction of C$347,775.00. Also, Senior Officer Calvin John Bast sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of C$44.75, for a total value of C$447,500.00. Over the last three months, insiders have sold 154,684 shares of company stock valued at $6,940,170. 4.26% of the stock is currently owned by 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.