Canadian Natural Resources (CNQ) Expected to Announce Earnings on Thursday

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ is expected to be posting its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Canadian Natural Resources to post earnings of $0.69 per share and revenue of $9.27 billion for the quarter.

Canadian Natural Resources Stock Up 2.0 %

Shares of NYSE CNQ traded up $0.53 during mid-day trading on Wednesday, reaching $27.46. The company had a trading volume of 11,789,806 shares, compared to its average volume of 6,856,951. Canadian Natural Resources has a 52-week low of $25.62 and a 52-week high of $41.29. The stock has a market cap of $57.72 billion, a P/E ratio of 10.66 and a beta of 1.45. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $30.54 and a two-hundred day simple moving average of $32.80.

Analyst Ratings Changes

CNQ has been the topic of a number of research analyst reports. Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $62.00 price target on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.00.

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).