Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ will likely be announcing its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.73 per share and revenue of $10.14 billion for the quarter.
Canadian Natural Resources Stock Performance
Shares of CNQ traded up $0.05 during midday trading on Friday, reaching $29.36. The stock had a trading volume of 3,750,877 shares, compared to its average volume of 5,393,452. The firm has a market cap of $61.59 billion, a PE ratio of 11.40 and a beta of 1.10. The firm has a 50 day simple moving average of $28.91 and a 200-day simple moving average of $31.29. Canadian Natural Resources has a one year low of $24.65 and a one year high of $39.20. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.
Canadian Natural Resources Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a dividend of $0.4117 per share. The ex-dividend date was Friday, March 21st. This represents a $1.65 dividend on an annualized basis and a yield of 5.61%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. Canadian Natural Resources's dividend payout ratio (DPR) is presently 77.88%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on CNQ. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research report on Friday, March 7th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Raymond James upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $63.00 price target on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources currently has an average rating of "Moderate Buy" and an average target price of $63.00.
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About Canadian Natural Resources
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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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