What is Zacks Research’s Estimate for CNQ FY2024 Earnings?

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Stock analysts at Zacks Research boosted their FY2024 EPS estimates for shares of Canadian Natural Resources in a research note issued on Thursday, February 13th. Zacks Research analyst T. Saha now forecasts that the oil and gas producer will post earnings per share of $2.50 for the year, up from their prior estimate of $2.47. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.44 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q4 2024 earnings at $0.64 EPS, Q1 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $2.17 EPS, Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.66 EPS and FY2026 earnings at $2.34 EPS.

A number of other research analysts have also weighed in on the stock. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and an average price target of $62.00.

Canadian Natural Resources Trading Up 1.2 %

Shares of Canadian Natural Resources stock opened at $30.48 on Monday. The firm has a market capitalization of $64.09 billion, a PE ratio of 11.83 and a beta of 1.45. Canadian Natural Resources has a twelve month low of $28.65 and a twelve month high of $41.29. The firm’s 50-day moving average price is $30.99 and its 200 day moving average price is $33.30. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CNQ. Duncker Streett & Co. Inc. purchased a new position in Canadian Natural Resources in the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. purchased a new position in Canadian Natural Resources in the 4th quarter worth approximately $25,000. Continuum Advisory LLC lifted its stake in Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares in the last quarter. Sandy Spring Bank purchased a new position in Canadian Natural Resources in the 4th quarter worth approximately $31,000. Finally, CoreFirst Bank & Trust purchased a new position in Canadian Natural Resources in the 4th quarter worth approximately $31,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

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).