Jefferies Financial Group Weighs in on Canadian Natural Resources Limited’s FY2025 Earnings (NYSE:CNQ)

Canadian Natural Resources Limited (NYSE:CNQ – Get Rating) (TSE:CNQ) – Equities researchers at Jefferies Financial Group issued their FY2025 earnings estimates for shares of Canadian Natural Resources in a research note issued to investors on Monday, March 6th. Jefferies Financial Group analyst L. Byrne anticipates that the oil and gas producer will post earnings of $5.48 per share for the year. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $6.34 per share.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, December 5th. Scotiabank cut their price target on Canadian Natural Resources from C$91.00 to C$86.00 in a research note on Tuesday, January 17th. Stifel Nicolaus began coverage on Canadian Natural Resources in a research note on Thursday, January 12th. They set a “buy” rating for the company. National Bank Financial lifted their price target on Canadian Natural Resources from C$88.00 to C$105.00 in a research note on Thursday, December 1st. Finally, TD Securities boosted their target price on shares of Canadian Natural Resources from C$92.00 to C$97.00 in a research note on Thursday, December 1st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources has a consensus rating of “Moderate Buy” and an average price target of $91.75.

Canadian Natural Resources Trading Up 0.1 %

NYSE:CNQ opened at $57.79 on Wednesday. The company has a market capitalization of $63.70 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 0.76 and a beta of 1.57. The company has a quick ratio of 0.61, a current ratio of 0.82 and a debt-to-equity ratio of 0.29. Canadian Natural Resources has a 52-week low of $44.45 and a 52-week high of $70.60. The stock has a fifty day simple moving average of $57.76 and a 200-day simple moving average of $56.53.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Friday, March 17th will be issued a $0.676 dividend. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 16th. This represents a $2.70 annualized dividend and a yield of 4.68%. Canadian Natural Resources’s payout ratio is 34.47%.

Institutional Trading of Canadian Natural Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNQ. Money Concepts Capital Corp purchased a new stake in Canadian Natural Resources in the 4th quarter valued at about $25,000. Ronald Blue Trust Inc. grew its holdings in shares of Canadian Natural Resources by 198.4% during the 4th quarter. Ronald Blue Trust Inc. now owns 558 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 371 shares during the period. Hexagon Capital Partners LLC grew its holdings in shares of Canadian Natural Resources by 133.2% during the 3rd quarter. Hexagon Capital Partners LLC now owns 639 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 365 shares during the period. Guardian Wealth Advisors LLC purchased a new stake in shares of Canadian Natural Resources during the 3rd quarter worth about $31,000. Finally, Captrust Financial Advisors grew its holdings in shares of Canadian Natural Resources by 57.6% during the 2nd quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Canadian Natural Resources Company Profile

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Canadian Natural Resources Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: Oil Sands Mining & Upgrading, Midstream & Refining, and Exploration & Production.