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

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect Canadian Natural Resources to post earnings of $0.73 per share and revenue of $10.14 billion for the quarter.

Canadian Natural Resources Trading Up 0.9 %

CNQ opened at $29.61 on Tuesday. Canadian Natural Resources has a twelve month low of $24.65 and a twelve month high of $39.20. 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 has a fifty day moving average of $28.90 and a 200-day moving average of $31.19. The stock has a market cap of $62.11 billion, a PE ratio of 11.50 and a beta of 1.10.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.4117 per share. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a dividend yield of 5.56%. Canadian Natural Resources’s dividend payout ratio is 77.88%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. Evercore ISI upgraded shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 19th. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $63.00 price target on shares of Canadian Natural Resources in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.00.

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).