Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) issued its earnings results on Thursday. The oil and gas producer reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.16, Briefing.com reports. Canadian Natural Resource had a return on equity of 4.68% and a net margin of 16.71%. During the same quarter in the previous year, the company posted ($0.04) EPS.
Canadian Natural Resource (NYSE:CNQ) traded down $0.41 on Thursday, reaching $31.05. The company had a trading volume of 3,300,055 shares, compared to its average volume of 2,680,000. Canadian Natural Resource has a 12-month low of $27.52 and a 12-month high of $37.63. The firm has a market capitalization of $37,390.00, a PE ratio of 17.95, a PEG ratio of 2.92 and a beta of 1.36. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.67.
CNQ has been the topic of several recent research reports. Canaccord Genuity restated a “buy” rating and set a $53.00 target price on shares of Canadian Natural Resource in a report on Wednesday, November 8th. Zacks Investment Research cut Canadian Natural Resource from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Morgan Stanley boosted their target price on Canadian Natural Resource from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. AltaCorp Capital restated a “buy” rating and set a $52.00 target price on shares of Canadian Natural Resource in a report on Monday, January 15th. Finally, Wells Fargo & Co cut Canadian Natural Resource from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $47.71.
Canadian Natural Resource Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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