Canadian Natural Resources (CNQ) to Release Quarterly Earnings on Thursday

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) will be posting its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Canadian Natural Resources to post earnings of $0.53 per share for the quarter.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6.01 billion. Canadian Natural Resources had a return on equity of 20.58% and a net margin of 18.21%. On average, analysts expect Canadian Natural Resources to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at $34.19 on Wednesday. The firm has a market cap of $72.74 billion, a P/E ratio of 13.62 and a beta of 1.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.61. Canadian Natural Resources has a 1-year low of $29.13 and a 1-year high of $41.29. The firm has a fifty day moving average of $35.79 and a two-hundred day moving average of $35.71.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were issued a dividend of $0.777 per share. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.77. This represents a $3.11 annualized dividend and a yield of 9.09%. The ex-dividend date of this dividend was Monday, June 17th. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 61.35%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Canadian Natural Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank reissued a “sector perform” rating on shares of Canadian Natural Resources in a report on Tuesday, June 11th. Raymond James raised shares of Canadian Natural Resources to a “hold” rating in a report on Tuesday, May 28th. Desjardins lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, StockNews.com lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources has a consensus rating of “Hold” and an average target price of $47.00.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).