Zacks Research Has Bearish Estimate for CNQ Q3 Earnings

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Research analysts at Zacks Research reduced their Q3 2026 earnings per share estimates for Canadian Natural Resources in a report released on Monday, July 28th. Zacks Research analyst T. Saha now anticipates that the oil and gas producer will earn $0.53 per share for the quarter, down from their previous forecast of $0.54. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.45 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q4 2026 earnings at $0.41 EPS and FY2026 earnings at $1.64 EPS.

CNQ has been the topic of a number of other reports. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Raymond James Financial upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. Finally, National Bankshares restated a “sector perform” rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Canadian Natural Resources Stock Down 1.0%

Shares of Canadian Natural Resources stock opened at $31.90 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The business’s 50 day simple moving average is $31.78 and its 200-day simple moving average is $30.40. The stock has a market capitalization of $66.69 billion, a price-to-earnings ratio of 12.51 and a beta of 1.03. Canadian Natural Resources has a twelve month low of $24.65 and a twelve month high of $37.91.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Canadian Natural Resources had a return on equity of 20.90% and a net margin of 16.92%. During the same period in the prior year, the firm earned $1.37 EPS.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were given a $0.4227 dividend. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Friday, June 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 67.06%.

Institutional Trading of Canadian Natural Resources

Several large investors have recently added to or reduced their stakes in CNQ. Sei Investments Co. increased its position in shares of Canadian Natural Resources by 7.2% during the 4th quarter. Sei Investments Co. now owns 34,746 shares of the oil and gas producer’s stock valued at $1,073,000 after purchasing an additional 2,341 shares during the period. Prudential Financial Inc. increased its position in shares of Canadian Natural Resources by 19.9% during the 4th quarter. Prudential Financial Inc. now owns 42,358 shares of the oil and gas producer’s stock valued at $1,307,000 after purchasing an additional 7,016 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Canadian Natural Resources during the 4th quarter valued at $643,000. Pictet Asset Management Holding SA increased its position in shares of Canadian Natural Resources by 0.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 688,803 shares of the oil and gas producer’s stock valued at $21,255,000 after purchasing an additional 5,976 shares during the period. Finally, Orion Portfolio Solutions LLC increased its position in shares of Canadian Natural Resources by 0.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 81,954 shares of the oil and gas producer’s stock valued at $2,530,000 after purchasing an additional 497 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

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).