Brokerages forecast that Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) will post earnings per share of $0.16 for the current quarter, according to Zacks. Three analysts have issued estimates for Canadian Natural Resources Limited’s earnings, with estimates ranging from $0.11 to $0.18. Canadian Natural Resources Limited reported earnings per share of ($0.24) during the same quarter last year, which suggests a positive year-over-year growth rate of 166.7%. The company is scheduled to issue its next earnings results before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that Canadian Natural Resources Limited will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.88 to $0.96. For the next year, analysts expect that the business will report earnings of $2.02 per share, with EPS estimates ranging from $1.64 to $2.23. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Canadian Natural Resources Limited.

A number of analysts have commented on CNQ shares. ValuEngine raised Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered Canadian Natural Resources Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Morgan Stanley lifted their target price on Canadian Natural Resources Limited from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Canaccord Genuity reissued a “buy” rating and issued a $47.00 target price on shares of Canadian Natural Resources Limited in a report on Tuesday, September 5th. Finally, Citigroup Inc. lowered Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.00 to $33.00 in a report on Friday, July 21st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Canadian Natural Resources Limited has a consensus rating of “Buy” and an average price target of $47.00.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. lifted its position in Canadian Natural Resources Limited by 1.3% during the second quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock valued at $102,000 after purchasing an additional 41 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in Canadian Natural Resources Limited by 1.1% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 37,000 shares of the oil and gas producer’s stock valued at $1,067,000 after purchasing an additional 400 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Canadian Natural Resources Limited by 0.3% during the second quarter. Neuberger Berman Group LLC now owns 204,244 shares of the oil and gas producer’s stock valued at $5,890,000 after purchasing an additional 637 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Canadian Natural Resources Limited by 12.4% during the second quarter. Tower Research Capital LLC TRC now owns 6,903 shares of the oil and gas producer’s stock valued at $259,000 after purchasing an additional 763 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Canadian Natural Resources Limited by 14.9% during the second quarter. Oppenheimer & Co. Inc. now owns 8,545 shares of the oil and gas producer’s stock valued at $246,000 after purchasing an additional 1,107 shares in the last quarter. Institutional investors own 58.97% of the company’s stock.

Shares of Canadian Natural Resources Limited (NYSE:CNQ) traded up 3.05% on Friday, hitting $33.83. The stock had a trading volume of 1,843,324 shares. The stock has a 50 day moving average of $33.21 and a 200-day moving average of $31.20. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $35.28. The stock has a market cap of $41.11 billion, a PE ratio of 29.55 and a beta of 1.47.

The business also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were given a dividend of $0.2212 per share. The ex-dividend date was Thursday, September 14th. This is an increase from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.62%. Canadian Natural Resources Limited’s payout ratio is 86.28%.

About Canadian Natural Resources Limited

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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Earnings History and Estimates for Canadian Natural Resources Limited (NYSE:CNQ)

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