What is Zacks Research’s Forecast for CNQ Q1 Earnings?

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) – Analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for shares of Canadian Natural Resources in a research note issued to investors on Tuesday, January 14th. Zacks Research analyst T. Saha now expects that the oil and gas producer will post earnings per share of $0.56 for the quarter, up from their prior forecast of $0.55. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $2.42 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q2 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $2.09 EPS, Q1 2026 earnings at $0.61 EPS, Q4 2026 earnings at $0.63 EPS and FY2026 earnings at $2.25 EPS.

Separately, Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Canadian Natural Resources Trading Down 2.3 %

CNQ opened at $30.77 on Friday. The business’s 50-day simple moving average is $32.33 and its 200-day simple moving average is $34.07. The company has a market cap of $64.72 billion, a P/E ratio of 11.95 and a beta of 1.46. Canadian Natural Resources has a one year low of $29.23 and a one year high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same period in the prior year, the business earned $0.96 EPS.

Hedge Funds Weigh In On Canadian Natural Resources

Hedge funds have recently made changes to their positions in the company. Holocene Advisors LP acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at about $13,700,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Canadian Natural Resources in the second quarter valued at approximately $890,000. Canoe Financial LP boosted its holdings in shares of Canadian Natural Resources by 226.0% in the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer’s stock valued at $51,469,000 after acquiring an additional 1,074,199 shares during the period. Cerity Partners LLC grew its position in shares of Canadian Natural Resources by 112.8% during the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer’s stock worth $15,057,000 after acquiring an additional 240,354 shares during the last quarter. Finally, Anson Funds Management LP increased its holdings in shares of Canadian Natural Resources by 150.0% in the 3rd quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer’s stock valued at $3,321,000 after acquiring an additional 60,000 shares during the period. Hedge funds and other 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).