Canadian Natural Resources (CNQ) to Release Earnings on Thursday

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) is projected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect Canadian Natural Resources to post earnings of $0.69 per share and revenue of $9.27 billion for the quarter.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $28.64 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company’s 50-day simple moving average is $30.78 and its 200 day simple moving average is $33.11. The stock has a market cap of $60.20 billion, a P/E ratio of 11.12 and a beta of 1.45. Canadian Natural Resources has a twelve month low of $28.37 and a twelve month high of $41.29.

Analyst Ratings Changes

Several research firms have recently weighed in on CNQ. 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 restated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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).