Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) announced 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. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $6.19 billion. Canadian Natural Resources had a return on equity of 21.98% and a net margin of 18.05%. During the same quarter in the previous year, the business earned $0.43 earnings per share.
Canadian Natural Resources Stock Down 4.5 %
Shares of CNQ stock traded down $1.58 during trading hours 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. The stock’s 50 day moving average is $35.60 and its 200-day moving average is $35.74. The company has a market cap of $71.03 billion, a price-to-earnings ratio of 13.30 and a beta of 1.52. 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 has a fifty-two week low of $29.13 and a fifty-two week high of $41.29.
Canadian Natural Resources Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders 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 dividend yield of 4.60%. The ex-dividend date is Friday, September 13th. Canadian Natural Resources’s payout ratio is presently 61.35%.
Wall Street Analyst Weigh In
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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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