Canadian Natural Resources (NYSE:CNQ) Cut to “In-Line” at Evercore ISI

Evercore ISI downgraded shares of Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) from an outperform rating to an in-line rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports.

Several other brokerages have also recently weighed in on CNQ. TD Securities reaffirmed a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Natural Resources in a research note on Wednesday, October 8th. Wells Fargo & Company raised Canadian Natural Resources to a “hold” rating in a research report on Thursday, October 16th. Desjardins downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a research report on Wednesday, September 24th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Canadian Natural Resources presently has an average rating of “Hold” and an average target price of $48.50.

Canadian Natural Resources Stock Performance

CNQ stock opened at $31.56 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.53. The business has a 50-day moving average price of $32.90 and a 200 day moving average price of $31.90. The company has a market capitalization of $65.73 billion, a P/E ratio of 13.96 and a beta of 0.69. Canadian Natural Resources has a 1-year low of $24.65 and a 1-year high of $35.12.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.81 billion. Canadian Natural Resources had a net margin of 14.90% and a return on equity of 18.93%. During the same period in the prior year, the business earned $0.97 EPS. As a group, equities research analysts forecast that Canadian Natural Resources will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 12th were given a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s payout ratio is 74.34%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Canadian Natural Resources by 19.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,126 shares of the oil and gas producer’s stock worth $1,489,000 after acquiring an additional 7,818 shares in the last quarter. Value Partners Investments Inc. raised its position in shares of Canadian Natural Resources by 2.1% in the 4th quarter. Value Partners Investments Inc. now owns 48,333 shares of the oil and gas producer’s stock valued at $1,639,000 after purchasing an additional 990 shares during the last quarter. New England Research & Management Inc. purchased a new position in shares of Canadian Natural Resources in the 4th quarter valued at approximately $410,000. Harbour Capital Advisors LLC acquired a new stake in Canadian Natural Resources in the 4th quarter worth approximately $385,000. Finally, GoalVest Advisory LLC acquired a new stake in Canadian Natural Resources in the 4th quarter worth approximately $32,000. 74.03% of the stock is owned by institutional investors and hedge funds.

More Canadian Natural Resources News

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

• Positive Sentiment: Zacks Research raised multiple near‑term and FY EPS estimates for CNQ (Q1–Q4 2026, FY2026, Q1 2027 and FY2027) — all by small increments — signaling modestly improved earnings expectations while keeping a “Hold” rating. Upward revisions can support the stock by improving sentiment and valuation outlook. Zacks estimate revisions (MarketBeat)
• Positive Sentiment: CNQ was featured in a Motley Fool/dividend‑income roundup highlighting high-yield, “safe” dividend stocks — coverage like this can attract income investors and boost demand for shares, especially given CNQ’s payout profile. Want Over $2,000 in Dividends Each Year? Invest $12,000 Each Into These 3 Stocks

About Canadian Natural Resources

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.