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

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) is projected to announce its 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 Stock Up 0.9 %

Canadian Natural Resources stock opened at $26.95 on Wednesday. Canadian Natural Resources has a fifty-two week low of $25.62 and a fifty-two week high of $41.29. The firm has a market capitalization of $56.65 billion, a PE ratio of 10.47 and a beta of 1.45. The company’s 50-day moving average is $30.60 and its 200-day moving average is $32.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CNQ shares. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.00.

About Canadian Natural Resources

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).