Canadian Natural Resources (TSE: CNQ) (NYSE: CNQ) will announce its results before the market opens on Thursday, May 6th. Analysts expect the company to post earnings of $ 0.85 per share for the quarter.
Canadian Natural Resources (TSE: CNQ) (NYSE: CNQ) last announced its results on Thursday March 4th. The company reported earnings per share for the quarter of $ 0.05, missing Zacks’ consensus estimate of $ 0.06 by $ 0.01. The company posted revenue of $ 5.02 billion for the quarter, compared to analyst expectations of $ 4.88 billion.
TSE CNQ opened at $ 37.70 on Thursday. The company has a market capitalization of $ 44.72 billion and a value for money of -101.89. The company has a current rate of 0.86, a quick rate of 0.59, and a leverage ratio of 71.47. The company has a 50-day moving average of $ 38.50 and a 200-day moving average of $ 32.16. Canadian Natural Resources has a 1-year low of $ 19.77 and a 1-year high of $ 41.05.
In other news, director Stephen W. reportedly sold 60,000 shares of Natural Resources Canada stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $ 38.72 for a total value of $ 2,322,900. Following the sale, the director now directly holds 2,290,112 shares in the company valued at approximately $ 88,661,686.08. In the past 90 days, insiders have sold 85,875 shares in the company, valued at $ 3,342,743.
CNQ has been the subject of a number of analyst reports. Credit Suisse Group raised its target price for Canadian natural resources to CAD 32.00 and rated the stock as “neutral” in a research report on Monday, March 22nd. National Bankshares cut its target price on shares in Canadian Natural Resources from C $ 50.00 to C $ 49.00 and issued an “outperform” rating for the company in a report on Thursday, April 15. The UBS Group raised its target price for Canadian natural resources from C $ 30.00 to C $ 43.00 in a report on Thursday, January 7th. Eight Capital raised its target price on shares of Canadian Natural Resources to $ 50.00 and rated the stock “na” in a report on Wednesday, February 17th. Finally, Raymond James lowered his target price on Canadian natural resources from C $ 53.00 to C $ 49.00 and issued a research report on the company on Monday, April 19, with an “outperform” rating. Three analysts have given the stock a hold rating and ten with a buy rating. The company currently has a consensus rating of “Buy” and an average price target of $ 40.54.
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About Canadian Natural Resources
Canadian Natural Resources Limited researches, develops, manufactures, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude (SCO), light and medium crude, bitumen (thermal oil), primary heavy crude, and heavy crude from Pelican Lake. Midstream assets include two crude oil pipeline systems; and a 50% stake in an 84 megawatt cogeneration power plant in Primrose.
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