What is Raymond James’ Estimate for TSE:CNQ FY2024 Earnings?

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Research analysts at Raymond James boosted their FY2024 earnings per share (EPS) estimates for Canadian Natural Resources in a report issued on Thursday, October 31st. Raymond James analyst M. Barth now anticipates that the company will post earnings per share of $3.43 for the year, up from their previous estimate of $3.39. Raymond James has a “Market Perform” rating and a $51.00 price objective on the stock. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $3.83 per share.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group raised their price objective on Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. Royal Bank of Canada raised their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday. Desjardins raised Canadian Natural Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. TD Securities lifted their price target on Canadian Natural Resources from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, ATB Capital lifted their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$74.31.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at C$47.63 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. The firm has a market capitalization of C$101.45 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.53 and a beta of 1.89. The business has a fifty day simple moving average of C$47.35 and a two-hundred day simple moving average of C$63.89. Canadian Natural Resources has a 12 month low of C$40.02 and a 12 month high of C$56.49.

Canadian Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.41%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.97%.

Insider Activity at Canadian Natural Resources

In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total value of C$183,900.00. In related 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, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total value of C$183,900.00. 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).