Zacks Research Has Positive Forecast for TSE:CNQ Q1 Earnings

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Investment analysts at Zacks Research upped their Q1 2025 EPS estimates for Canadian Natural Resources in a research note issued to investors on Wednesday, March 26th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $0.93 for the quarter, up from their previous estimate of $0.80. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $3.28 EPS, Q1 2026 earnings at $0.93 EPS, Q2 2026 earnings at $0.75 EPS, Q3 2026 earnings at $0.78 EPS, Q4 2026 earnings at $1.01 EPS and FY2027 earnings at $4.29 EPS.

A number of other analysts have also weighed in on the company. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. National Bankshares reduced their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 price objective for the company in a research report on Wednesday, March 19th. TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average target price of C$68.53.

Canadian Natural Resources Price Performance

Shares of CNQ opened at C$44.28 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources has a fifty-two week low of C$37.11 and a fifty-two week high of C$56.49. The company has a market cap of C$92.93 billion, a P/E ratio of 12.29, a PEG ratio of 0.53 and a beta of 1.89. The firm’s 50 day moving average price is C$43.06 and its 200 day moving average price is C$45.26.

Insiders Place Their Bets

In other Canadian Natural Resources news, Director Stephen W. Laut purchased 942 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of C$46.46 per share, for a total transaction of C$43,765.32. Also, Senior Officer Calvin John Bast sold 7,500 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$41.80, for a total transaction of C$313,500.00. Over the last 90 days, insiders have sold 154,684 shares of company stock valued at $6,940,170. 4.26% of the stock is currently owned by insiders.

About Canadian Natural Resources

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.