Zacks Research Has Bullish Estimate for CNQ Q1 Earnings

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Equities research analysts at Zacks Research lifted their Q1 2025 EPS estimates for shares of Canadian Natural Resources in a report issued on Friday, April 25th. Zacks Research analyst T. Saha now expects that the oil and gas producer will post earnings per share of $0.71 for the quarter, up from their prior forecast of $0.69. 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’ Q1 2026 earnings at $0.69 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.52 EPS, Q4 2026 earnings at $0.69 EPS, FY2026 earnings at $2.40 EPS and FY2027 earnings at $2.95 EPS.

A number of other analysts have also commented on the company. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research note on Friday, March 7th. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $63.00 target price on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Finally, Raymond James raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $29.61 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The business’s fifty day moving average price is $28.90 and its two-hundred day moving average price is $31.19. The stock has a market cap of $62.11 billion, a PE ratio of 11.50 and a beta of 1.10. Canadian Natural Resources has a one year low of $24.65 and a one year high of $39.20.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a dividend of $0.4117 per share. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.65 annualized dividend and a yield of 5.56%. Canadian Natural Resources’s dividend payout ratio is 77.88%.

Hedge Funds Weigh In On Canadian Natural Resources

Hedge funds have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth $25,000. Lee Danner & Bass Inc. purchased a new stake in Canadian Natural Resources during the fourth quarter valued at about $25,000. Sandy Spring Bank acquired a new stake in Canadian Natural Resources during the fourth quarter worth about $31,000. CoreFirst Bank & Trust purchased a new position in shares of Canadian Natural Resources in the 4th quarter worth about $31,000. Finally, Hurley Capital LLC acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 74.03% 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).