Canadian Natural Resources (NYSE:CNQ) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) released its earnings results on Thursday. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.03), Zacks reports. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%.

Canadian Natural Resources Stock Performance

NYSE:CNQ traded up $0.58 during trading hours on Thursday, reaching $28.01. The company had a trading volume of 3,043,494 shares, compared to its average volume of 6,761,820. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources has a 52 week low of $25.62 and a 52 week high of $41.29. The firm has a market cap of $58.87 billion, a price-to-earnings ratio of 10.91 and a beta of 1.45. The firm’s 50 day moving average price is $30.54 and its 200-day moving average price is $32.80.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CNQ shares. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price target on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. 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 currently has a consensus rating of “Hold” and an average price target of $62.00.

Canadian Natural Resources Company Profile

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).