Zacks Research Brokers Lift Earnings Estimates for TSE:CNQ

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Investment analysts at Zacks Research increased their Q1 2026 earnings per share estimates for Canadian Natural Resources in a research note issued on Wednesday, October 15th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.61 for the quarter, up from their previous estimate of $0.60. 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 2026 earnings at $0.55 EPS, Q3 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.64 EPS, FY2026 earnings at $2.60 EPS, Q1 2027 earnings at $0.94 EPS, Q2 2027 earnings at $0.85 EPS, Q3 2027 earnings at $1.05 EPS and FY2027 earnings at $3.83 EPS.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price target on Canadian Natural Resources from C$42.00 to C$46.00 and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Scotiabank lifted their price target on Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Raymond James Financial lifted their price target on Canadian Natural Resources from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada reduced their price target on Canadian Natural Resources from C$64.00 to C$62.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Canadian Natural Resources has a consensus rating of “Moderate Buy” and a consensus price target of C$54.64.

Canadian Natural Resources Stock Down 2.0%

Shares of CNQ stock opened at C$42.49 on Thursday. The stock has a 50 day moving average of C$43.42 and a 200 day moving average of C$42.66. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The stock has a market cap of C$88.40 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.53 and a beta of 0.88. Canadian Natural Resources has a twelve month low of C$34.92 and a twelve month high of C$49.68.

Insider Buying and Selling

In other news, Director Stephen W. Laut sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$43.92, for a total value of C$307,440.00. Following the completion of the sale, the director directly owned 895,350 shares in the company, valued at C$39,323,772. The trade was a 0.78% decrease in their ownership of the stock. Also, insider Ronald Keith Laing sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of C$45.17, for a total value of C$903,400.00. Following the completion of the sale, the insider owned 2,049 shares of the company’s stock, valued at C$92,553.33. This trade represents a 90.71% decrease in their ownership of the stock. 4.26% of the stock is 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.