Canadian Natural Resources (CNQ) to Release Earnings on Thursday

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

Canadian Natural Resources Trading Down 0.2 %

Shares of NYSE CNQ traded down $0.06 during midday trading on Friday, reaching $28.25. 6,733,951 shares of the stock were exchanged, compared to its average volume of 6,528,154. The company has a market capitalization of $59.38 billion, a P/E ratio of 10.97 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. Canadian Natural Resources has a 52-week low of $27.66 and a 52-week high of $41.29. The stock has a 50 day moving average price of $30.73 and a 200-day moving average price of $33.00.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $62.00 price objective on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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).