What is Zacks Research’s Forecast for CNQ FY2025 Earnings?

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Stock analysts at Zacks Research lifted their FY2025 earnings per share estimates for Canadian Natural Resources in a research note issued to investors on Monday, December 22nd. Zacks Research analyst Team now expects that the oil and gas producer will earn $2.50 per share for the year, up from their prior forecast of $2.49. Zacks Research currently has a “Hold” 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’ Q3 2027 earnings at $0.70 EPS.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.81 billion. Canadian Natural Resources had a return on equity of 18.93% and a net margin of 14.90%.During the same period in the previous year, the company posted $0.97 earnings per share.

Other analysts have also issued research reports about the stock. TD Securities restated a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Natural Resources in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a report on Wednesday, September 24th. Finally, Wells Fargo & Company upgraded Canadian Natural Resources to a “hold” rating in a research report on Thursday, October 16th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.00.

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $32.95 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.53. The company has a 50 day moving average price of $32.54 and a 200-day moving average price of $31.92. Canadian Natural Resources has a 1-year low of $24.65 and a 1-year high of $35.12. The firm has a market cap of $68.62 billion, a price-to-earnings ratio of 14.58 and a beta of 0.70.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 12th will be issued a $0.5875 dividend. This represents a $2.35 annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, December 12th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s payout ratio is presently 74.34%.

Hedge Funds Weigh In On Canadian Natural Resources

A number of hedge funds have recently made changes to their positions in CNQ. Sagespring Wealth Partners LLC acquired a new position in shares of Canadian Natural Resources in the second quarter valued at approximately $361,000. Vanguard Group Inc. boosted its position in Canadian Natural Resources by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 90,742,099 shares of the oil and gas producer’s stock valued at $2,852,024,000 after buying an additional 3,003,542 shares during the period. Journey Advisory Group LLC acquired a new position in shares of Canadian Natural Resources in the second quarter worth $2,458,000. TD Asset Management Inc increased its position in shares of Canadian Natural Resources by 0.8% during the second quarter. TD Asset Management Inc now owns 41,581,125 shares of the oil and gas producer’s stock worth $1,304,267,000 after acquiring an additional 316,933 shares during the period. Finally, Addenda Capital Inc. increased its position in shares of Canadian Natural Resources by 11.0% during the second quarter. Addenda Capital Inc. now owns 2,370,885 shares of the oil and gas producer’s stock worth $74,446,000 after acquiring an additional 235,198 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.