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

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) is scheduled to release its earnings data before the market opens on Thursday, October 31st. Analysts expect Canadian Natural Resources to post earnings of C$0.93 per share for the quarter.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.04. The company had revenue of C$9.05 billion for the quarter, compared to analysts’ expectations of C$8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$48.58 on Thursday. The company’s fifty day moving average is C$47.58 and its 200 day moving average is C$66.66. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49. The stock has a market cap of C$103.48 billion, a PE ratio of 13.84, a PEG ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64.

Canadian Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s payout ratio is 60.97%.

Insider Buying and Selling

In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. Also, Senior Officer Trevor Wagil sold 4,272 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of C$47.51, for a total transaction of C$202,966.99. 4.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CNQ shares. Royal Bank of Canada boosted their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. TD Securities upped their target price on shares of Canadian Natural Resources from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. ATB Capital boosted their price objective on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Gerdes Energy Research upped their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 in a report on Tuesday, October 8th. Finally, BMO Capital Markets upped their target price on shares of Canadian Natural Resources from C$57.50 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold” and an average price target of C$74.13.

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).