Canadian Natural Resources (CNQ) Expected to Announce Quarterly Earnings on Thursday

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) is projected to release its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $7.5736 billion for the quarter. Interested persons may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, May 7, 2026 at 9:00 AM ET.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, March 5th. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.64 billion. Canadian Natural Resources had a net margin of 24.48% and a return on equity of 17.84%. During the same quarter last year, the firm posted $0.93 earnings per share. On average, analysts expect Canadian Natural Resources to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Canadian Natural Resources Stock Down 4.2%

Shares of CNQ stock traded down $2.03 on Wednesday, hitting $45.82. The stock had a trading volume of 3,749,641 shares, compared to its average volume of 11,241,107. The company has a market cap of $95.58 billion, a PE ratio of 12.44 and a beta of 0.47. The company has a quick ratio of 0.63, a current ratio of 0.95 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $46.52 and a 200 day moving average price of $38.52. Canadian Natural Resources has a one year low of $28.27 and a one year high of $51.34.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.5%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.59. The ex-dividend date was Friday, March 20th. Canadian Natural Resources’s dividend payout ratio is currently 49.59%.

Institutional Trading of Canadian Natural Resources

Several hedge funds have recently added to or reduced their stakes in CNQ. Sunbelt Securities Inc. bought a new stake in shares of Canadian Natural Resources in the 4th quarter worth $25,000. Manchester Capital Management LLC acquired a new position in shares of Canadian Natural Resources in the 4th quarter worth $28,000. Quarry LP acquired a new position in shares of Canadian Natural Resources in the 3rd quarter worth $32,000. Geneos Wealth Management Inc. grew its holdings in shares of Canadian Natural Resources by 47.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 528 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Canadian Natural Resources by 885.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,238 shares of the oil and gas producer’s stock valued at $76,000 after buying an additional 2,011 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

CNQ has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Canadian Natural Resources from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 27th. Zacks Research upgraded Canadian Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen raised Canadian Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. The Goldman Sachs Group boosted their target price on Canadian Natural Resources from $37.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Evercore downgraded Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.