Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) – Equities researchers at Zacks Research increased their FY2024 earnings per share (EPS) estimates for Canadian Natural Resources in a research report issued on Thursday, February 13th. Zacks Research analyst T. Saha now anticipates that the oil and gas producer will post earnings per share of $2.50 for the year, up from their prior forecast of $2.47. 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’ Q4 2024 earnings at $0.64 EPS, Q1 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $2.17 EPS, Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.66 EPS and FY2026 earnings at $2.34 EPS.
Separately, Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Canadian Natural Resources Trading Down 1.0 %
Shares of CNQ stock opened at $30.10 on Monday. Canadian Natural Resources has a fifty-two week low of $28.65 and a fifty-two week high of $41.29. The stock has a market cap of $63.26 billion, a P/E ratio of 11.69 and a beta of 1.45. The business has a fifty day simple moving average of $31.04 and a 200-day simple moving average of $33.33. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.
Institutional Trading of Canadian Natural Resources
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. purchased a new stake in Canadian Natural Resources during the 4th quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new stake in Canadian Natural Resources during the 4th quarter worth about $25,000. Continuum Advisory LLC increased its position in Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares in the last quarter. Sandy Spring Bank purchased a new stake in Canadian Natural Resources during the 4th quarter worth about $31,000. Finally, CoreFirst Bank & Trust purchased a new stake in Canadian Natural Resources during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 74.03% 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).
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