FY2024 EPS Estimates for TSE:CNQ Boosted by Zacks Research

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for Canadian Natural Resources in a report issued on Thursday, February 13th. Zacks Research analyst T. Saha now forecasts that the company will earn $3.40 per share for the year, up from their previous estimate of $3.37. 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’ Q4 2024 earnings at $0.87 EPS, Q4 2024 earnings at $0.87 EPS, FY2024 earnings at $3.40 EPS, Q1 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.96 EPS, FY2025 earnings at $2.96 EPS, Q1 2026 earnings at $0.84 EPS, Q1 2026 earnings at $0.84 EPS, Q2 2026 earnings at $0.66 EPS, Q2 2026 earnings at $0.66 EPS, Q3 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.73 EPS, Q4 2026 earnings at $0.87 EPS, FY2026 earnings at $3.10 EPS and FY2026 earnings at $3.10 EPS.

Several other brokerages also recently issued reports on CNQ. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. TD Securities set a C$58.00 price target on shares of Canadian Natural Resources and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lowered their price target on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a report on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Monday, December 9th. Finally, Jefferies Financial Group reduced their price objective on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$71.44.

Canadian Natural Resources Stock Up 1.0 %

Shares of TSE:CNQ opened at C$43.10 on Monday. The company has a fifty day moving average of C$44.52 and a 200-day moving average of C$46.45. The company has a market capitalization of C$90.45 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. Canadian Natural Resources has a 52-week low of C$42.01 and a 52-week high of C$56.49.

Insider Buying and Selling at Canadian Natural Resources

In other news, Senior Officer Devin Craig Lowe sold 7,500 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$46.37, for a total transaction of C$347,775.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$97,405.40. Over the last quarter, insiders have sold 148,932 shares of company stock valued at $6,711,095. 4.26% of the stock is currently owned by insiders.

About Canadian Natural Resources

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).