TSE:CNQ FY2024 EPS Forecast Raised by Zacks Research

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Zacks Research boosted their FY2024 earnings per share estimates for Canadian Natural Resources in a report issued on Wednesday, November 20th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $3.32 per share for the year, up from their prior forecast of $3.25. 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’ Q3 2025 earnings at $0.73 EPS and FY2026 earnings at $2.90 EPS.

A number of other equities research analysts have also recently weighed in on the company. National Bankshares upped their price target on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. CIBC boosted their price objective on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. BMO Capital Markets increased their target price on Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada lifted their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, ATB Capital boosted their target price on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold” and an average price target of C$74.31.

Canadian Natural Resources Stock Performance

TSE:CNQ opened at C$47.59 on Monday. The firm’s fifty day simple moving average is C$47.51 and its 200-day simple moving average is C$57.85. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The stock has a market cap of C$101.37 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49.

Canadian Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources’s payout ratio is currently 60.97%.

Insider Activity

In other news, Senior Officer Trevor Wagil sold 4,272 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total value of C$202,966.99. Also, Director Stephen W. Laut sold 6,400 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total value of C$301,056.00. In the last 90 days, insiders have sold 16,422 shares of company stock worth $785,328. 4.26% of the stock is currently owned by corporate insiders.

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).