What is Zacks Research’s Estimate for CNQ Q3 Earnings?

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Analysts at Zacks Research cut their Q3 2026 earnings per share estimates for Canadian Natural Resources in a research note issued on Monday, July 28th. Zacks Research analyst T. Saha now forecasts that the oil and gas producer will post earnings of $0.53 per share for the quarter, down from their prior estimate of $0.54. 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’ Q4 2026 earnings at $0.41 EPS and FY2026 earnings at $1.64 EPS.

CNQ has been the subject of several other research reports. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.00.

Canadian Natural Resources Price Performance

CNQ stock opened at $31.90 on Wednesday. The stock has a 50-day moving average price of $31.78 and a two-hundred day moving average price of $30.40. Canadian Natural Resources has a 12-month low of $24.65 and a 12-month high of $37.91. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The company has a market cap of $66.69 billion, a PE ratio of 12.51 and a beta of 1.03.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. Canadian Natural Resources had a return on equity of 20.90% and a net margin of 16.92%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its holdings in Canadian Natural Resources by 8.7% in the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer’s stock valued at $2,857,337,000 after purchasing an additional 7,372,718 shares during the last quarter. Summit Financial LLC purchased a new position in Canadian Natural Resources in the fourth quarter valued at about $267,000. Graybill Wealth Management LTD. purchased a new position in Canadian Natural Resources in the first quarter valued at about $3,697,000. Janney Montgomery Scott LLC purchased a new position in Canadian Natural Resources in the first quarter valued at about $757,000. Finally, PKO Investment Management Joint Stock Co acquired a new stake in Canadian Natural Resources during the fourth quarter valued at approximately $2,452,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a $0.4227 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a yield of 5.30%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.41. Canadian Natural Resources’s dividend payout ratio is currently 67.06%.

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).