Zacks: Brokerages Anticipate Canadian Natural Resource Ltd (CNQ) to Post $0.27 Earnings Per Share

Wall Street analysts expect Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) to announce earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Canadian Natural Resource’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.28. Canadian Natural Resource reported earnings per share of $0.29 during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.9%. The company is expected to issue its next earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Canadian Natural Resource will report full-year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.87. For the next financial year, analysts expect that the company will post earnings of $1.76 per share, with EPS estimates ranging from $1.05 to $2.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Canadian Natural Resource.

A number of analysts recently weighed in on the stock. Canaccord Genuity reissued a “buy” rating and issued a $53.00 target price on shares of Canadian Natural Resource in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Wednesday, October 4th. Finally, Morgan Stanley upped their target price on shares of Canadian Natural Resource from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.71.

Canadian Natural Resource (NYSE:CNQ) opened at $36.66 on Tuesday. Canadian Natural Resource has a twelve month low of $27.52 and a twelve month high of $37.37. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.67. The stock has a market cap of $44,790.00, a PE ratio of 20.48, a PEG ratio of 3.93 and a beta of 1.46.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Tuesday, December 12th were paid a $0.214 dividend. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.86 dividend on an annualized basis and a yield of 2.33%. Canadian Natural Resource’s payout ratio is currently 49.16%.

A number of institutional investors have recently modified their holdings of the business. Atlantic Trust Group LLC grew its stake in Canadian Natural Resource by 54.7% during the third quarter. Atlantic Trust Group LLC now owns 33,091 shares of the oil and gas producer’s stock worth $1,109,000 after buying an additional 11,700 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Canadian Natural Resource by 4.0% during the third quarter. Parametric Portfolio Associates LLC now owns 832,571 shares of the oil and gas producer’s stock worth $27,883,000 after buying an additional 32,203 shares during the last quarter. Guardian Capital Advisors LP grew its stake in Canadian Natural Resource by 0.9% during the third quarter. Guardian Capital Advisors LP now owns 312,233 shares of the oil and gas producer’s stock worth $13,020,000 after buying an additional 2,795 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Canadian Natural Resource by 65.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,835 shares of the oil and gas producer’s stock worth $228,000 after buying an additional 2,710 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Canadian Natural Resource by 1,129.0% during the third quarter. Cubist Systematic Strategies LLC now owns 6,145 shares of the oil and gas producer’s stock worth $206,000 after buying an additional 5,645 shares during the last quarter. 59.41% of the stock is currently owned by hedge funds and other institutional investors.

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Canadian Natural Resource Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

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