Canadian Natural Resources (TSE:CNQ) Issues Earnings Results

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) posted its quarterly earnings data on Thursday. The company reported C$1.65 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$12.79 billion for the quarter. Canadian Natural Resources had a net margin of 24.93% and a return on equity of 26.67%.

Canadian Natural Resources Stock Up 0.0%

Shares of CNQ stock traded up C$0.02 on Friday, reaching C$68.50. 6,256,076 shares of the company’s stock traded hands, compared to its average volume of 14,362,397. Canadian Natural Resources has a 12-month low of C$41.68 and a 12-month high of C$78.60. The company has a debt-to-equity ratio of 36.64, a quick ratio of 0.54 and a current ratio of 1.00. The company has a market capitalization of C$141.21 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.53 and a beta of 0.44. The business’s 50 day moving average price is C$71.35 and its two-hundred day moving average price is C$64.30.

Insiders Place Their Bets

In other Canadian Natural Resources news, Director Shelley Ann Marie Brown acquired 709 shares of Canadian Natural Resources stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of C$70.44 per share, with a total value of C$49,941.96. Following the purchase, the director owned 1,780 shares in the company, valued at approximately C$125,383.20. The trade was a 66.20% increase in their ownership of the stock. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources News Roundup

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

• Positive Sentiment: Q3 earnings rose, with reports pointing to higher commodity prices as a driver. The company also completed its Horizon turnaround ahead of schedule, supporting production and operational performance. Canadian Natural Resources Quarterly Earnings Surge With Higher Prices
• Positive Sentiment: CNQ is entering a new share-buyback phase after Q3, adding to shareholder-return support. It also declared a quarterly dividend of C$0.625. Canadian Natural Resources stock enters new buyback phase after Q3 Canadian Natural Declares C$0.625 Quarterly Dividend
• Neutral Sentiment: Coverage is mixed on whether results exceeded expectations: one report calls Q3 a beat, while another labels it a miss. The 2027 outlook is also drawing attention, making guidance an important consideration for investors. Canadian Natural Resources Q3 beat raises stakes for 2027 outlook Canadian Natural Resources Q3 2026: Miss, Then a Buyback Surge
• Negative Sentiment: A report said CNQ shares fell sharply after hours following the results, suggesting the earnings release may not have satisfied market expectations despite higher profits. Canadian Natural Resources Drops 6% After Hours, Shedding ~$6 Billion

Wall Street Analysts Forecast Growth

CNQ has been the subject of a number of analyst reports. National Bank Financial boosted their price objective on Canadian Natural Resources from C$84.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 20th. Raymond James Financial lowered Canadian Natural Resources from a “moderate buy” rating to a “hold” rating and cut their price objective for the company from C$70.00 to C$69.00 in a report on Wednesday, October 14th. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Natural Resources from C$67.00 to C$75.00 in a research note on Wednesday, August 12th. ATB Cormark Capital Markets boosted their target price on shares of Canadian Natural Resources from C$70.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Finally, Scotia increased their target price on shares of Canadian Natural Resources from C$71.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$70.00.

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.