Canadian Natural Resources (CNQ) Projected to Post Earnings on Thursday

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ is expected to announce its Q4 2024 earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $9.27 billion for the quarter.

Canadian Natural Resources Trading Up 1.4 %

Shares of CNQ traded up $0.40 during trading hours on Friday, reaching $28.36. 5,977,710 shares of the company traded hands, compared to its average volume of 6,926,245. Canadian Natural Resources has a 12 month low of $25.62 and a 12 month high of $41.29. The company has a market capitalization of $59.62 billion, a price-to-earnings ratio of 10.99 and a beta of 1.48. The company's fifty day moving average price is $30.50 and its two-hundred day moving average price is $32.77. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CNQ. Royal Bank of Canada raised their price target on Canadian Natural Resources from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Evercore ISI raised shares of Canadian Natural Resources from an "in-line" rating to an "outperform" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.00.

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).