Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) will be posting its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect Canadian Natural Resources to post earnings of C$2.20 per share for the quarter.
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, August 3rd. The company reported C$1.14 EPS for the quarter, missing the consensus estimate of C$1.16 by C($0.02). The company had revenue of C$7.89 billion during the quarter, compared to analysts’ expectations of C$7.19 billion. Canadian Natural Resources had a return on equity of 19.48% and a net margin of 20.72%.
Canadian Natural Resources Stock Up 1.5 %
Shares of CNQ stock opened at C$88.68 on Thursday. The stock has a market cap of C$96.66 billion, a P/E ratio of 12.98, a PEG ratio of 0.53 and a beta of 1.97. Canadian Natural Resources has a 52 week low of C$67.13 and a 52 week high of C$92.40. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 35.40. The company’s fifty day simple moving average is C$86.81 and its two-hundred day simple moving average is C$80.44.
Canadian Natural Resources Announces Dividend
Insiders Place Their Bets
In other Canadian Natural Resources news, Senior Officer Troy John Peter Andersen sold 9,500 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$82.75, for a total value of C$786,128.80. In other news, Senior Officer Erin Louise Lunn sold 2,360 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of C$87.14, for a total transaction of C$205,650.40. Also, Senior Officer Troy John Peter Andersen sold 9,500 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$82.75, for a total transaction of C$786,128.80. Insiders have sold 15,378 shares of company stock worth $1,285,340 in the last three months. Corporate insiders own 2.22% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on CNQ. ATB Capital upped their target price on shares of Canadian Natural Resources from C$90.00 to C$100.00 in a research report on Friday, October 20th. Evercore upped their target price on shares of Canadian Natural Resources from C$88.00 to C$90.00 and gave the company an “in-line” rating in a research report on Friday, August 4th. Stifel Nicolaus upped their target price on shares of Canadian Natural Resources from C$97.00 to C$99.00 and gave the company a “buy” rating in a research report on Monday, October 16th. CIBC upped their target price on shares of Canadian Natural Resources from C$93.00 to C$95.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Finally, Desjardins upped their target price on shares of Canadian Natural Resources from C$95.00 to C$96.00 and gave the company a “buy” rating in a research report on Monday, September 18th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$93.89.
Check Out Our Latest Stock Analysis on Canadian Natural Resources
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).
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