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

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) issued its earnings results 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 return on equity of 20.07% and a net margin of 18.45%.

Canadian Natural Resources Stock Performance

Shares of CNQ stock traded up $0.34 during trading hours on Thursday, reaching $27.77. The stock had a trading volume of 3,226,684 shares, compared to its average volume of 6,761,820. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The firm has a 50-day simple moving average of $30.54 and a 200-day simple moving average of $32.80. The firm has a market capitalization of $58.38 billion, a PE ratio of 10.81 and a beta of 1.45. Canadian Natural Resources has a twelve month low of $25.62 and a twelve month high of $41.29.

Analysts Set New Price Targets

CNQ has been the topic of a number of research reports. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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).