Canadian Natural Resources Limited (CNQ) to Release Earnings on Thursday
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) will release its earnings data before the market opens on Thursday, November 2nd. Analysts expect Canadian Natural Resources Limited to post earnings of C$0.04 per share for the quarter.
Canadian Natural Resources Limited (CNQ) opened at 41.57 on Thursday. Canadian Natural Resources Limited has a 12 month low of $35.90 and a 12 month high of $46.74. The company has a market cap of $50.52 billion and a price-to-earnings ratio of 29.86. The company’s 50 day moving average is $41.18 and its 200-day moving average is $40.22.
The business also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, September 14th.
Several brokerages recently commented on CNQ. National Bank Financial boosted their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Barclays PLC cut their price target on shares of Canadian Natural Resources Limited from C$50.00 to C$34.00 in a report on Thursday, July 6th. Canaccord Genuity boosted their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a report on Wednesday, September 6th. Finally, CIBC cut their price target on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a report on Thursday, July 20th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$50.69.
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In other news, insider Timothy Shawn Mckay sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of C$40.40, for a total transaction of C$808,000.00. Also, insider Betty Yee sold 3,800 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of C$41.27, for a total transaction of C$156,826.00. Insiders have sold 178,331 shares of company stock valued at $7,223,721 in the last ninety days.
Canadian Natural Resources Limited 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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