Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) – Analysts at Zacks Research raised their FY2025 earnings estimates for Canadian Natural Resources in a note issued to investors on Wednesday, October 15th. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $2.37 per share for the year, up from their prior forecast of $2.36. Zacks Research has a “Strong-Buy” rating on the stock. 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 $0.44 EPS, Q2 2026 earnings at $0.39 EPS, Q3 2026 earnings at $0.57 EPS, Q4 2026 earnings at $0.46 EPS, FY2026 earnings at $1.86 EPS, Q1 2027 earnings at $0.67 EPS, Q2 2027 earnings at $0.61 EPS, Q3 2027 earnings at $0.75 EPS and FY2027 earnings at $2.74 EPS.
A number of other analysts have also weighed in on CNQ. TD Securities reaffirmed a “buy” rating on shares of Canadian Natural Resources in a research note on Tuesday, September 30th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Natural Resources in a research note on Wednesday, October 8th. National Bankshares reiterated a “sector perform” rating on shares of Canadian Natural Resources in a report on Thursday, July 17th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Canadian Natural Resources in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.
Canadian Natural Resources Stock Down 2.0%
NYSE:CNQ opened at $30.23 on Thursday. Canadian Natural Resources has a 1-year low of $24.65 and a 1-year high of $35.93. The company has a 50-day moving average of $31.32 and a 200 day moving average of $30.86. The firm has a market cap of $63.09 billion, a PE ratio of 10.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54.
Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last released its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. The company had revenue of $6.39 billion during the quarter, compared to analyst estimates of $8.97 billion. During the same period in the prior year, the firm earned $0.88 earnings per share.
Canadian Natural Resources Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were issued a $0.4269 dividend. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.42. This represents a $1.71 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, September 19th. Canadian Natural Resources’s dividend payout ratio is presently 60.64%.
Hedge Funds Weigh In On Canadian Natural Resources
A number of large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in shares of Canadian Natural Resources during the second quarter valued at about $27,000. Addison Advisors LLC increased its holdings in shares of Canadian Natural Resources by 309.1% during the second quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 677 shares in the last quarter. Investment Management Corp VA ADV increased its holdings in shares of Canadian Natural Resources by 158.3% during the first quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 611 shares in the last quarter. Sierra Ocean LLC increased its holdings in shares of Canadian Natural Resources by 104.0% during the first quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 800 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased 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 acquiring an additional 528 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors.
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).
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