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

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

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.01 billion. Canadian Natural Resources had a net margin of 18.21% and a return on equity of 20.58%. 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 Trading Up 0.3 %

Shares of Canadian Natural Resources stock opened at $34.19 on Wednesday. The firm has a market capitalization of $72.74 billion, a PE ratio of 13.62 and a beta of 1.52. Canadian Natural Resources has a twelve month low of $29.13 and a twelve month high of $41.29. The firm’s 50-day moving average price is $35.79 and its 200 day moving average price is $35.71. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.23.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were issued a $0.777 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Monday, June 17th. This represents a $3.11 dividend on an annualized basis and a yield of 9.09%. Canadian Natural Resources’s dividend payout ratio is presently 61.35%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Desjardins downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Raymond James upgraded shares of Canadian Natural Resources to a “hold” rating in a report on Tuesday, May 28th. Wolfe Research assumed coverage on shares of Canadian Natural Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank reiterated a “sector perform” rating on shares of Canadian Natural Resources in a report on Tuesday, June 11th. Finally, StockNews.com downgraded 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 issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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).