Equities analysts expect Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) to announce earnings of $0.72 per share for the current quarter, Zacks reports. Two analysts have made estimates for Canadian Natural Resource’s earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.64. Canadian Natural Resource reported earnings per share of $0.15 in the same quarter last year, which would suggest a positive year-over-year growth rate of 380%. The business is expected to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Canadian Natural Resource will report full-year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.49 to $3.19. For the next year, analysts anticipate that the firm will post earnings of $2.94 per share, with EPS estimates ranging from $2.09 to $4.09. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Canadian Natural Resource.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, August 2nd. The oil and gas producer reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.50. Canadian Natural Resource had a return on equity of 8.35% and a net margin of 12.34%. The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the business posted $0.29 earnings per share.

A number of research analysts have issued reports on the company. ValuEngine cut Canadian Natural Resource from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Evercore ISI began coverage on Canadian Natural Resource in a report on Wednesday, June 27th. They set an “inline” rating on the stock. Zacks Investment Research upgraded Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, July 3rd. Finally, Royal Bank of Canada cut Canadian Natural Resource from a “top pick” rating to an “outperform” rating and set a $38.40 price target on the stock. in a report on Thursday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.48.

Canadian Natural Resource stock traded up $0.03 during midday trading on Friday, reaching $32.41. The company’s stock had a trading volume of 3,838,029 shares, compared to its average volume of 2,134,530. Canadian Natural Resource has a 52 week low of $29.20 and a 52 week high of $38.20. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.63. The stock has a market cap of $39.57 billion, a PE ratio of 39.05, a P/E/G ratio of 2.24 and a beta of 1.22.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be issued a dividend of $0.257 per share. This represents a $1.03 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, September 13th. Canadian Natural Resource’s dividend payout ratio (DPR) is currently 124.10%.

Large investors have recently added to or reduced their stakes in the company. Ostrum Asset Management acquired a new position in shares of Canadian Natural Resource in the first quarter worth approximately $168,000. Cubist Systematic Strategies LLC lifted its stake in shares of Canadian Natural Resource by 50.0% in the second quarter. Cubist Systematic Strategies LLC now owns 5,400 shares of the oil and gas producer’s stock worth $195,000 after acquiring an additional 1,800 shares during the period. Worth Venture Partners LLC acquired a new position in shares of Canadian Natural Resource in the first quarter worth approximately $225,000. Signaturefd LLC lifted its stake in shares of Canadian Natural Resource by 49.7% in the second quarter. Signaturefd LLC now owns 6,999 shares of the oil and gas producer’s stock worth $252,000 after acquiring an additional 2,323 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Canadian Natural Resource by 192.9% in the second quarter. Acadian Asset Management LLC now owns 8,200 shares of the oil and gas producer’s stock worth $296,000 after acquiring an additional 5,400 shares during the period. Institutional investors own 66.89% of the company’s stock.

About Canadian Natural Resource

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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