Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) released its quarterly earnings results on Thursday. The oil and gas producer reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12, Briefing.com reports. Canadian Natural Resources Limited had a return on equity of 3.33% and a net margin of 11.50%. During the same quarter in the prior year, the firm posted ($0.32) earnings per share.

WARNING: “Canadian Natural Resources Limited (CNQ) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS” was posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/11/02/canadian-natural-resources-limited-cnq-posts-quarterly-earnings-results-beats-expectations-by-0-12-eps.html.

Several research firms recently weighed in on CNQ. Canaccord Genuity reissued a “buy” rating and set a $48.00 price objective on shares of Canadian Natural Resources Limited in a research report on Thursday. Zacks Investment Research raised Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, October 4th. Morgan Stanley boosted their price objective on Canadian Natural Resources Limited from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $40.00 to $33.00 in a research report on Friday, July 21st. They noted that the move was a valuation call. Finally, ValuEngine raised Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $45.40.

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.

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

Receive News & Ratings for Canadian Natural Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.