Zacks Research Has Optimistic Outlook of CNQ Q1 Earnings

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Zacks Research upped their Q1 2025 earnings per share estimates for shares of Canadian Natural Resources in a research note issued to investors on Wednesday, March 26th. Zacks Research analyst T. Saha now expects that the oil and gas producer will earn $0.67 per share for the quarter, up from their prior estimate of $0.59. 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’ Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.48 EPS, Q1 2026 earnings at $0.66 EPS, Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $2.48 EPS and FY2027 earnings at $3.07 EPS.

CNQ has been the subject of several other reports. Royal Bank of Canada restated an “outperform” rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research report on Thursday. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Finally, Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Canadian Natural Resources Trading Down 1.2 %

CNQ stock opened at $30.93 on Friday. The business’s 50-day moving average is $29.99 and its 200 day moving average is $32.16. Canadian Natural Resources has a 12-month low of $25.62 and a 12-month high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock has a market cap of $64.97 billion, a price-to-earnings ratio of 12.01 and a beta of 1.48.

Institutional Trading of Canadian Natural Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Old West Investment Management LLC raised its stake in shares of Canadian Natural Resources by 73.9% during the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock worth $11,822,000 after purchasing an additional 151,237 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Canadian Natural Resources by 49.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,313 shares of the oil and gas producer’s stock worth $309,000 after buying an additional 3,076 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Canadian Natural Resources by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after buying an additional 419 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter worth $1,520,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Canadian Natural Resources by 237.5% in the third quarter. BNP Paribas Financial Markets now owns 144,139 shares of the oil and gas producer’s stock valued at $4,787,000 after acquiring an additional 101,430 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.4117 dividend. This represents a $1.65 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s payout ratio is 77.88%.

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).