What is Zacks Research’s Forecast for TSE:CNQ Q1 Earnings?

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Zacks Research lifted their Q1 2026 earnings estimates for Canadian Natural Resources in a report issued on Monday, January 5th. Zacks Research analyst Team now forecasts that the company will earn $0.71 per share for the quarter, up from their previous estimate of $0.69. 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 $0.62 EPS, Q3 2026 earnings at $0.81 EPS, Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $2.87 EPS, Q1 2027 earnings at $0.94 EPS, Q4 2027 earnings at $0.93 EPS and FY2027 earnings at $3.51 EPS.

Other research analysts have also issued reports about the company. Wells Fargo & Company set a C$47.00 target price on Canadian Natural Resources and gave the company an “equal weight” rating in a report on Friday, October 17th. Evercore Partners lowered Canadian Natural Resources from an “outperform” rating to an “in-line” rating and set a C$50.00 price target on the stock. in a research report on Tuesday. TD Securities lifted their price objective on Canadian Natural Resources from C$53.00 to C$54.00 in a research note on Monday, November 10th. Desjardins set a C$52.00 target price on shares of Canadian Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada set a C$62.00 target price on shares of Canadian Natural Resources and gave the company an “outperform” rating in a report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$53.90.

Canadian Natural Resources Stock Performance

TSE:CNQ opened at C$43.71 on Wednesday. The company has a fifty day simple moving average of C$45.74 and a two-hundred day simple moving average of C$44.18. The company has a market cap of C$91.05 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.53 and a beta of 0.71. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$49.20.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, November 6th. The company reported C$0.86 earnings per share for the quarter. The firm had revenue of C$9.52 billion for the quarter. Canadian Natural Resources had a net margin of 21.25% and a return on equity of 19.14%.

Trending Headlines about Canadian Natural Resources

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Zacks Research raised near‑term and medium‑term EPS forecasts (multiple Q1–Q4 2026 quarter upgrades, FY2026 and FY2027 lifts), implying slightly stronger earnings momentum than previously expected — a supportive factor for the share price.
• Neutral Sentiment: A valuation review looks at CNQ after a Venezuela-related shock and the recent share price decline; that piece provides context on how the company’s valuation metrics respond to geopolitical and commodity-related events rather than new company-specific catalysts. A Look At Canadian Natural Resources (TSX:CNQ) Valuation After Venezuela Shock And Recent Share Price Decline
• Negative Sentiment: Evercore lowered its rating on CNQ (from strong‑buy to in‑line/hold in separate notes), removing premium analyst support and increasing selling pressure from momentum and model‑driven funds. Canadian Natural Resources (TSE:CNQ) Rating Lowered to “In-Line” at Evercore Partners
• Negative Sentiment: An analyst cut CNQ’s price target to $35, signaling lower medium‑term upside and likely contributing to renewed caution among investors. Analyst lowers price target on Canadian Natural Resources (CNQ) to $35
• Negative Sentiment: Broader commodity pressure: Canadian crude prices plunged, extending weakness across Canadian oil stocks and weighing on CNQ’s sector peers and sentiment. This macro/commodity move is likely a primary driver of recent analyst re‑ratings and price target reductions. Canadian crude price plunges, extending slide in Canadian oil stocks

Canadian Natural Resources Company Profile

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.