Canadian Natural Resources (TSE:CNQ) Issues Quarterly Earnings Results

Posted by Stanley Muller on Nov 6th, 2026

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

Canadian Natural Resources Stock Down 1.0%

CNQ opened at C$68.48 on Friday. Canadian Natural Resources has a fifty-two week low of C$41.68 and a fifty-two week 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$141.17 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.53 and a beta of 0.44. The stock has a fifty day moving average of C$71.36 and a 200-day moving average of C$64.20.

Canadian Natural Resources News Roundup

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

Positive Sentiment: Q3 results showed C$1.65 in earnings per share and C$12.79 billion in revenue; reports also said adjusted earnings rose as oil and gas prices improved. Canadian Natural Resources Q3 Adjusted Net Earnings Rise
Positive Sentiment: The company completed its Horizon turnaround ahead of schedule, a potential operational benefit for production and reliability. Canadian Natural Reports Strong Q3, Completes Horizon Turnaround Early
Positive Sentiment: CNQ maintained its quarterly dividend at C$0.625, supporting its income appeal. Canadian Natural Declares C$0.625 Quarterly Dividend
Neutral Sentiment: Coverage was divided on whether Q3 beat expectations or missed them, suggesting headline growth did not settle questions about performance versus forecasts. Canadian Natural Resources Q3 2026: Miss, Then a Buyback Surge
Negative Sentiment: Investors may be focused on the company’s 2027 outlook and whether strong commodity prices can sustain earnings growth; coverage also reported a sharp after-hours pullback following the results. Canadian Natural Resources Q3 beat raises stakes for 2027 outlook

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Raymond James Financial cut shares of Canadian Natural Resources from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$70.00 to C$69.00 in a research note on Wednesday, October 14th. TD increased their price target on shares of Canadian Natural Resources from C$72.00 to C$73.00 and gave the company a “buy” rating in a report on Friday, August 7th. Scotia raised their price objective on shares of Canadian Natural Resources from C$71.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. National Bank Financial raised their price objective on shares of Canadian Natural Resources from C$84.00 to C$86.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 20th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Canadian Natural Resources from C$70.00 to C$75.00 in a report on Thursday, August 27th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Natural Resources has an average rating of “Moderate Buy” and a consensus price target of C$70.00.

Get Our Latest Analysis on Canadian Natural Resources

Insider Activity

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

Canadian Natural Resources Company Profile

(Get Free Report)

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.