Zacks Research Issues Positive Estimate for TSE:CNQ Earnings

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Equities research analysts at Zacks Research increased their FY2024 earnings per share estimates for Canadian Natural Resources in a research note issued to investors on Tuesday, January 14th. Zacks Research analyst T. Saha now forecasts that the company will earn $3.37 per share for the year, up from their prior estimate of $3.32. 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 $0.76 EPS, Q4 2025 earnings at $0.57 EPS and Q2 2026 earnings at $0.65 EPS.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada reduced their price target on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research report on Tuesday. TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the stock a “buy” rating in a report on Tuesday, December 3rd. National Bankshares upped their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday, October 8th. CIBC lifted their price objective on Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Finally, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and upped their target price for the stock from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$71.88.

Canadian Natural Resources Trading Up 1.5 %

Canadian Natural Resources stock opened at C$45.01 on Thursday. The stock has a 50-day moving average price of C$45.80 and a 200 day moving average price of C$47.16. The company has a market capitalization of C$95.87 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64.

Insider Transactions at Canadian Natural Resources

In related news, Director Stephen W. Laut purchased 942 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average cost of C$46.46 per share, with a total value of C$43,765.32. Also, Senior Officer Robin Sean Zabek sold 19,000 shares of Canadian Natural Resources stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total value of C$818,254.00. Insiders sold a total of 137,152 shares of company stock valued at $6,207,845 in the last three months. 4.26% of the stock is currently owned by company insiders.

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).