FY2024 EPS Estimates for TSE:CNQ Boosted by Zacks Research

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Investment analysts at Zacks Research boosted their FY2024 EPS estimates for Canadian Natural Resources in a report issued on Wednesday, November 20th. Zacks Research analyst T. Saha now expects that the company will earn $3.32 per share for the year, up from their prior forecast of $3.25. 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’ Q3 2025 earnings at $0.73 EPS and FY2026 earnings at $2.90 EPS.

Other research analysts also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada lifted their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Raymond James upped their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. National Bankshares upped their target price on Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. Finally, CIBC lifted their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$74.31.

Canadian Natural Resources Stock Performance

TSE:CNQ opened at C$46.70 on Monday. The firm has a market capitalization of C$99.47 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The stock’s 50-day simple moving average is C$47.57 and its 200 day simple moving average is C$57.77. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49.

Canadian Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.50%. Canadian Natural Resources’s payout ratio is 60.97%.

Insider Buying and Selling

In related news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Director Stephen W. Laut sold 6,400 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total value of C$301,056.00. In the last quarter, insiders have sold 16,422 shares of company stock valued at $785,328. Corporate insiders own 4.26% 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).