What is Zacks Research’s Estimate for TSE:CNQ Q1 Earnings?

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) – Investment analysts at Zacks Research dropped their Q1 2026 EPS estimates for Canadian Natural Resources in a research note issued to investors on Friday, June 27th. Zacks Research analyst T. Saha now expects that the company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.65. The consensus estimate for Canadian Natural Resources’ current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Canadian Natural Resources’ Q2 2026 earnings at $0.49 EPS, Q4 2026 earnings at $0.56 EPS, FY2026 earnings at $2.28 EPS, Q1 2027 earnings at $0.83 EPS and FY2027 earnings at $3.45 EPS.

A number of other brokerages also recently weighed in on CNQ. National Bankshares cut their price target on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Wells Fargo & Company increased their target price on shares of Canadian Natural Resources from C$42.00 to C$46.00 and gave the company an “equal weight” rating in a research note on Thursday, June 26th. Royal Bank Of Canada raised their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Raymond James Financial upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from C$52.00 to C$49.00 in a research report on Wednesday, April 9th. Finally, CIBC increased their price objective on Canadian Natural Resources from C$59.00 to C$62.00 in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$54.58.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$42.80 on Monday. The stock has a market cap of C$89.82 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. Canadian Natural Resources has a 12 month low of C$34.92 and a 12 month high of C$52.15. The stock’s 50 day moving average price is C$42.77 and its 200 day moving average price is C$42.77.

Insider Buying and Selling

In other news, Senior Officer Dwayne Frederick Giggs sold 4,504 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$45.44, for a total transaction of C$204,661.76. Also, Senior Officer Kyle Grayson Pisio sold 4,912 shares of Canadian Natural Resources stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of C$46.27, for a total value of C$227,278.24. Insiders sold 249,676 shares of company stock valued at $11,265,119 in the last ninety days. Company insiders own 4.26% of the company’s stock.

About Canadian Natural Resources

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.