Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) issued its quarterly earnings results on Thursday. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26, Briefing.com reports. Canadian Natural Resources had a net margin of 18.05% and a return on equity of 21.98%. The company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the company posted $0.43 EPS.
Canadian Natural Resources Stock Performance
CNQ traded down $1.58 during trading on Friday, reaching $33.38. 6,756,602 shares of the company’s stock were exchanged, compared to its average volume of 5,527,471. Canadian Natural Resources has a 1 year low of $29.13 and a 1 year high of $41.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.61. The stock has a market capitalization of $71.03 billion, a P/E ratio of 13.30 and a beta of 1.52. The company’s fifty day simple moving average is $35.60 and its 200-day simple moving average is $35.74.
Canadian Natural Resources Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.384 per share. This represents a $1.54 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, September 13th. Canadian Natural Resources’s dividend payout ratio is presently 61.35%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on CNQ
About Canadian Natural Resources
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).
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