What is Zacks Research’s Estimate for TSE:CNQ Q4 Earnings?

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Analysts at Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for shares of Canadian Natural Resources in a research report issued on Tuesday, January 14th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $0.84 for the quarter, up from their prior estimate of $0.79. 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’ Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.76 EPS, FY2025 earnings at $2.86 EPS, Q1 2026 earnings at $0.81 EPS, Q3 2026 earnings at $0.69 EPS, Q4 2026 earnings at $0.84 EPS and FY2026 earnings at $2.98 EPS.

Several other equities research analysts have also recently commented on CNQ. ATB Capital raised their target price on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Raymond James increased their target price on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. National Bankshares lifted their price target 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. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company boosted their target price on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$71.88.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at C$45.01 on Friday. The firm has a market capitalization of C$95.87 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.53 and a beta of 1.89. The stock has a fifty day moving average of C$45.80 and a 200 day moving average of C$47.16. 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.

Insiders Place Their Bets

In other news, Director Stephen W. Laut sold 6,400 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. 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. Over the last ninety days, insiders sold 137,152 shares of company stock valued at $6,207,845. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Company Profile

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).