What is Zacks Research’s Estimate for CNQ Q2 Earnings?

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Investment analysts at Zacks Research reduced their Q2 2025 earnings per share (EPS) estimates for Canadian Natural Resources in a report released on Wednesday, April 23rd. Zacks Research analyst T. Saha now anticipates that the oil and gas producer will earn $0.48 per share for the quarter, down from their previous forecast of $0.56. 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 2025 earnings at $0.58 EPS, FY2025 earnings at $2.28 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.72 EPS and FY2026 earnings at $2.46 EPS.

Several other equities research analysts have also recently commented on the stock. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Raymond James raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 9th. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.00.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $29.36 on Friday. The company has a 50 day moving average of $28.94 and a 200-day moving average of $31.38. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $61.59 billion, a P/E ratio of 11.40 and a beta of 1.10. Canadian Natural Resources has a twelve month low of $24.65 and a twelve month high of $39.20.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.4117 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date was Friday, March 21st. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. Canadian Natural Resources’s payout ratio is currently 77.88%.

Hedge Funds Weigh In On Canadian Natural Resources

A number of large investors have recently made changes to their positions in the company. FMR LLC grew its holdings in Canadian Natural Resources by 8.7% in the 4th quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer’s stock valued at $2,857,337,000 after buying an additional 7,372,718 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Canadian Natural Resources by 595.2% during the 4th quarter. Principal Securities Inc. now owns 6,987 shares of the oil and gas producer’s stock worth $216,000 after purchasing an additional 5,982 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Canadian Natural Resources by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer’s stock worth $9,151,000 after purchasing an additional 17,694 shares during the period. CIBC Asset Management Inc grew its stake in Canadian Natural Resources by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock worth $746,025,000 after buying an additional 1,270,945 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Canadian Natural Resources by 87.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer’s stock valued at $136,994,000 after buying an additional 2,064,492 shares in the last quarter. Institutional investors own 74.03% 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).