Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ announced its earnings results on Thursday. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.03), Zacks reports. The business had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $9.27 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%.
Canadian Natural Resources Stock Performance
CNQ traded down $0.08 on Monday, hitting $28.29. 6,758,282 shares of the company's stock were exchanged, compared to its average volume of 5,026,320. 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 stock has a fifty day moving average of $30.46 and a two-hundred day moving average of $32.67. Canadian Natural Resources has a twelve month low of $25.62 and a twelve month high of $41.29. The firm has a market cap of $59.46 billion, a PE ratio of 10.98 and a beta of 1.48.
Canadian Natural Resources Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a $0.4117 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a dividend yield of 5.82%. Canadian Natural Resources's payout ratio is 61.87%.
Analyst Ratings Changes
Several research firms have issued reports on CNQ. Raymond James restated a "market perform" rating on shares of Canadian Natural Resources in a report on Friday. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Evercore ISI upgraded shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a research note on Friday. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.00.
Read Our Latest Report on CNQ
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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