CDN Natural Res (CNQ-T) Analyst Research & Price Targets - The Globe and Mail

Earnings Estimates

	Current Qtr03/2026	Next Qtr06/2026	Fiscal Yr12/2026	Fiscal Yr12/2027
Average Estimate	$1.02	$1.52	$4.36	$4.06
Number of Estimates	2	2	3	3
High Estimate	$1.04	$1.65	$5.29	$4.76
Low Estimate	$1.00	$1.40	$2.90	$2.98
Prior Year	$1.16	$0.71	$3.55	$4.36
Growth Rate Est. (year over year)	-12.07%	+114.08%	+22.82%	-6.88%

Earnings History - Surprises*

	Qtr Ending12/2025	Qtr Ending09/2025	Qtr Ending06/2025	Qtr Ending03/2025
Reported	$0.82	$0.86	$0.71	$1.16
Estimate	$0.73	$0.75	$0.66	$1.01
Difference	+0.09	+0.11	+0.05	+0.15
Surprise	+12.33%	+14.67%	+7.58%	+14.85%

* Earnings are based on GAAP income from continuing operations.

Average Analyst Ratings

3.94

3 Mths Ago17

3.94

2 Mths Ago17

3.94

1 Mth Ago16

3.88

Current16

Ratings Values:

Strong Buy5

Moderate Buy4

Hold3

Moderate Sell2

Strong Sell1

Ratings Breakdown

	3 Mths Ago	2 Mths Ago	1 Mth Ago	Current
# of Analysts:	17	17	16	16
	7 2	7 2	6 3	6 2
Holds	8	8	7	8

Key:

Strong Buy

Moderate Buy

Hold

Moderate Sell

Strong Sell

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