FY2024 EPS Estimates for TSE:CNQ Lifted by Analyst

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Canadian Natural Resources in a research note issued on Tuesday, January 14th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $3.37 for the year, up from their previous forecast of $3.32. 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 $0.76 EPS, Q4 2025 earnings at $0.57 EPS and Q2 2026 earnings at $0.65 EPS.

CNQ has been the topic of a number of other research reports. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. National Bankshares upped their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. CIBC boosted their price objective on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Finally, Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the company from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$71.88.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ opened at C$45.14 on Thursday. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The stock has a 50 day moving average price of C$45.94 and a 200 day moving average price of C$47.22. The stock has a market capitalization of C$96.15 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49.

Insiders Place Their Bets

In related news, Director Stephen W. Laut sold 6,400 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40. Insiders have sold 137,152 shares of company stock worth $6,207,845 in the last 90 days. Company insiders own 4.26% of the company’s stock.

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).