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

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) will post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Canadian Natural Resources to post earnings of C$0.86 per share for the quarter.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$1.37 EPS for the quarter, missing analysts’ consensus estimates of C$1.40 by C($0.03). The firm had revenue of C$8.24 billion during the quarter, compared to analysts’ expectations of C$8.17 billion. Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at C$47.37 on Wednesday. The stock’s 50-day moving average is C$63.27 and its 200-day moving average is C$85.04. The company has a market cap of C$50.69 billion, a price-to-earnings ratio of 6.95, a price-to-earnings-growth ratio of 0.53 and a beta of 1.97. The company has a debt-to-equity ratio of 31.83, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources has a 12 month low of C$38.90 and a 12 month high of C$56.49.

Canadian Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, June 17th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 8.87%. Canadian Natural Resources’s dividend payout ratio (DPR) is 58.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CNQ shares. Wolfe Research raised Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 18th. CIBC boosted their price target on Canadian Natural Resources from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Raymond James reduced their price target on Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 12th. Desjardins lowered Canadian Natural Resources from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$104.00 to C$110.00 in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group reduced their price target on Canadian Natural Resources from C$110.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$101.44.

Insider Activity

In other news, Senior Officer Victor Clinton Darel sold 2,252 shares of the company’s stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$104.80, for a total value of C$236,012.98. In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$48.43, for a total transaction of C$181,612.50. Also, Senior Officer Victor Clinton Darel sold 2,252 shares of the business’s stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$104.80, for a total value of C$236,012.98. Insiders sold a total of 6,003 shares of company stock worth $417,729 over the last 90 days. 2.21% of the stock is currently owned by company insiders.

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).