Canadian Natural Resources (NYSE:CNQ) Releases Earnings Results, Misses Expectations By $0.03 EPS

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) issued its quarterly earnings data on Thursday. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03), Zacks reports. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%.

Canadian Natural Resources Trading Up 2.1 %

Canadian Natural Resources stock traded up $0.58 during midday trading on Thursday, reaching $28.01. The stock had a trading volume of 3,043,494 shares, compared to its average volume of 6,761,820. The firm has a market cap of $58.87 billion, a price-to-earnings ratio of 10.91 and a beta of 1.45. The company has a fifty day moving average of $30.54 and a 200 day moving average of $32.80. Canadian Natural Resources has a 52-week low of $25.62 and a 52-week high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNQ. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Canadian Natural Resources presently has an average rating of “Hold” and a consensus target price of $62.00.

Canadian Natural Resources Company Profile

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).