Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect Canadian Natural Resources to post earnings of $0.73 per share and revenue of $10.14 billion for the quarter.
Canadian Natural Resources Stock Performance
Shares of NYSE:CNQ traded up $0.07 during midday trading on Friday, reaching $28.99. 4,351,372 shares of the company traded hands, compared to its average volume of 5,377,907. The firm's fifty day moving average price is $28.84 and its two-hundred day moving average price is $31.00. The firm has a market capitalization of $60.81 billion, a price-to-earnings ratio of 11.26 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources has a 12 month low of $24.65 and a 12 month high of $39.20.
Canadian Natural Resources Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.4117 per share. The ex-dividend date was Friday, March 21st. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a dividend yield of 5.68%. Canadian Natural Resources's dividend payout ratio is currently 77.88%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on CNQ. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research note on Thursday, March 27th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, March 19th. Finally, Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.
Read Our Latest Stock Analysis on CNQ
About Canadian Natural Resources
(
Get Free Report)
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).
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