$1.94 EPS Expected for Canadian Natural Resources Limited (NYSE:CNQ) This Quarter

Brokerages expect Canadian Natural Resources Limited (NYSE:CNQGet Rating) (TSE:CNQ) to report earnings per share of $1.94 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Canadian Natural Resources’ earnings. The highest EPS estimate is $1.97 and the lowest is $1.92. Canadian Natural Resources reported earnings of $0.81 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 139.5%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Canadian Natural Resources will report full-year earnings of $8.60 per share for the current year, with EPS estimates ranging from $7.72 to $9.52. For the next fiscal year, analysts expect that the firm will report earnings of $8.04 per share, with EPS estimates ranging from $7.08 to $8.93. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Canadian Natural Resources.

Canadian Natural Resources (NYSE:CNQGet Rating) (TSE:CNQ) last announced its quarterly earnings results on Thursday, March 3rd. The oil and gas producer reported $2.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.54. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $8.56 billion. Canadian Natural Resources had a net margin of 23.33% and a return on equity of 21.20%. During the same quarter in the previous year, the firm posted $0.03 EPS.

CNQ has been the topic of several analyst reports. Bank of America initiated coverage on shares of Canadian Natural Resources in a report on Monday, January 10th. They issued a “buy” rating and a $54.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Canadian Natural Resources from C$80.00 to C$85.00 in a report on Thursday, March 31st. Wells Fargo & Company upped their target price on shares of Canadian Natural Resources from $61.00 to $79.00 and gave the stock an “equal weight” rating in a report on Friday, March 11th. StockNews.com began coverage on shares of Canadian Natural Resources in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Credit Suisse Group upped their price target on shares of Canadian Natural Resources from C$63.00 to C$74.00 and gave the stock a “neutral” rating in a research report on Monday, March 7th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $73.44.

Canadian Natural Resources stock traded down $0.76 on Monday, hitting $61.87. The company’s stock had a trading volume of 3,116,757 shares, compared to its average volume of 2,641,367. The firm has a market cap of $71.81 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 0.38 and a beta of 1.64. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $61.21 and a 200-day moving average price of $50.70. Canadian Natural Resources has a one year low of $29.53 and a one year high of $70.60.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Shareholders of record on Friday, March 18th were given a dividend of $0.592 per share. The ex-dividend date of this dividend was Thursday, March 17th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.47. This represents a $2.37 dividend on an annualized basis and a yield of 3.83%. Canadian Natural Resources’s dividend payout ratio is presently 45.84%.

Institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Canadian Natural Resources by 84.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 750 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 344 shares during the period. KB Financial Partners LLC acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $33,000. Lindbrook Capital LLC raised its position in shares of Canadian Natural Resources by 106.0% in the 4th quarter. Lindbrook Capital LLC now owns 853 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 439 shares during the period. Finally, TCTC Holdings LLC acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $36,000. Institutional investors own 68.50% of the company’s stock.

About Canadian Natural Resources (Get Rating)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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