Zacks Research Issues Pessimistic Estimate for CNQ Earnings

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Equities researchers at Zacks Research reduced their Q1 2025 EPS estimates for Canadian Natural Resources in a research note issued on Wednesday, November 20th. Zacks Research analyst T. Saha now anticipates that the oil and gas producer will earn $0.55 per share for the quarter, down from their previous forecast of $0.59. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.44 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q2 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $2.04 EPS and Q1 2026 earnings at $0.60 EPS.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the prior year, the business earned $0.96 earnings per share.

CNQ has been the topic of a number of other research reports. StockNews.com cut Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, Canadian Natural Resources has an average rating of “Hold” and a consensus price target of $51.00.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $34.84 on Friday. The business’s 50 day simple moving average is $34.59 and its 200 day simple moving average is $35.37. Canadian Natural Resources has a 12 month low of $29.45 and a 12 month high of $41.29. The company has a market cap of $73.52 billion, a price-to-earnings ratio of 13.53 and a beta of 1.50. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.388 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a yield of 4.46%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 60.58%.

Hedge Funds Weigh In On Canadian Natural Resources

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. grew its position in shares of Canadian Natural Resources by 11.7% during the 1st quarter. Sei Investments Co. now owns 13,592 shares of the oil and gas producer’s stock valued at $1,037,000 after purchasing an additional 1,423 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Canadian Natural Resources in the 1st quarter valued at about $243,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Canadian Natural Resources by 105.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,555 shares of the oil and gas producer’s stock valued at $661,000 after acquiring an additional 4,400 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Canadian Natural Resources by 95.5% during the first quarter. Acadian Asset Management LLC now owns 4,300 shares of the oil and gas producer’s stock worth $327,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Canadian Natural Resources in the first quarter worth approximately $415,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

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).