Canadian Natural Resources (CNQ) Scheduled to Post Quarterly Earnings on Thursday

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ will release its earnings data before the market opens on Thursday, October 31st. Analysts expect Canadian Natural Resources to post earnings of $0.68 per share for the quarter.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.26. The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $6.19 billion. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. During the same period last year, the business posted $0.43 EPS. On average, analysts expect Canadian Natural Resources to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Canadian Natural Resources Price Performance

CNQ traded down $0.01 during trading on Thursday, reaching $35.11. 2,053,082 shares of the stock were exchanged, compared to its average volume of 5,437,308. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.59. The company has a market capitalization of $74.70 billion, a price-to-earnings ratio of 13.98 and a beta of 1.50. Canadian Natural Resources has a 1 year low of $29.45 and a 1 year high of $41.29. The business's 50 day moving average price is $34.97 and its two-hundred day moving average price is $36.06.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.388 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a dividend yield of 4.42%. Canadian Natural Resources's payout ratio is currently 66.14%.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several recent research reports. StockNews.com downgraded shares of Canadian Natural Resources from a "buy" rating to a "hold" rating in a report on Friday, August 23rd. Wolfe Research started coverage on Canadian Natural Resources in a research note on Thursday, July 18th. They issued a "peer perform" rating on the stock. Finally, Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of "Hold" and an average target price of $49.50.

Canadian Natural Resources Company Profile

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).