Zacks Research Analysts Raise Earnings Estimates for TSE:CNQ

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Analysts at Zacks Research upped their FY2025 earnings per share estimates for Canadian Natural Resources in a report released on Friday, December 19th. Zacks Research analyst Team now anticipates that the company will post earnings of $3.49 per share for the year, up from their prior estimate of $3.47. 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 2025 earnings at $0.76 EPS, Q1 2026 earnings at $0.67 EPS, Q2 2026 earnings at $0.60 EPS, Q4 2026 earnings at $0.69 EPS and FY2026 earnings at $2.76 EPS.

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

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada set a C$62.00 target price on shares of Canadian Natural Resources and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Scotiabank lifted their price target on shares of Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. TD Securities upped their price objective on Canadian Natural Resources from C$53.00 to C$54.00 in a report on Monday, November 10th. Desjardins set a C$52.00 price objective on Canadian Natural Resources and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company set a C$47.00 target price on Canadian Natural Resources and gave the company an “equal weight” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$54.33.

Canadian Natural Resources Trading Up 1.1%

Shares of CNQ opened at C$44.96 on Monday. Canadian Natural Resources has a 12-month low of C$34.92 and a 12-month high of C$49.20. The firm has a market capitalization of C$93.66 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.53 and a beta of 0.73. The firm has a 50-day moving average price of C$45.30 and a 200 day moving average price of C$44.17. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

Insider Transactions at Canadian Natural Resources

In related news, insider Brenda Gayle Balog sold 4,500 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of C$45.55, for a total transaction of C$204,975.00. Following the completion of the transaction, the insider owned 47,965 shares of the company’s stock, valued at approximately C$2,184,805.75. This trade represents a 8.58% decrease in their position. Also, Director Stephen W. Laut sold 7,000 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of C$43.92, for a total transaction of C$307,440.00. Following the completion of the sale, the director owned 895,350 shares of the company’s stock, valued at C$39,323,772. This trade represents a 0.78% decrease in their position. In the last three months, insiders have sold 31,500 shares of company stock worth $1,415,815. 4.26% of the stock is currently owned by insiders.

Key Headlines Impacting Canadian Natural Resources

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

• Positive Sentiment: Zacks Research raised several near‑term and full‑year EPS estimates for CNQ (examples: FY2026 from $2.76 → $2.82; FY2027 from $3.43 → $3.48; Q4‑2026 to $0.72; Q1‑2027 to $0.93). These upward revisions suggest analysts expect slightly stronger earnings/commodity or operational outlooks, a direct positive for valuation and investor sentiment.
• Positive Sentiment: The Globe and Mail included CNQ among Canadian stocks expected to perform well in a year‑end “Santa Claus” rally, which can attract momentum flows and retail attention. Top 5 Canadian Stocks to Shine in a Santa Claus Rally
• Neutral Sentiment: MarketWatch noted CNQ outperformed the market in recent trading — a factual report of price action that may reflect the analyst revisions and broader energy moves but does not by itself change fundamentals. Canadian Natural Resources Ltd. stock rises Monday, outperforms market
• Neutral Sentiment: What to watch next: Q4 results and guidance, Western Canadian crude differentials and global oil prices, and capital allocation (dividend/buybacks). These drivers will determine whether the modest analyst upgrades translate into a sustained re‑rating.

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.