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

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) is expected to be releasing its Q1 2025 earnings data 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 Stock Performance

NYSE:CNQ opened at $28.97 on Thursday. Canadian Natural Resources has a fifty-two week low of $24.65 and a fifty-two week high of $39.20. The firm’s 50 day moving average is $28.95 and its two-hundred day moving average is $31.43. The company has a market cap of $60.76 billion, a P/E ratio of 11.25 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a $0.4117 dividend. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.39. This represents a $1.65 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Friday, March 21st. Canadian Natural Resources’s dividend payout ratio (DPR) is 77.88%.

Wall Street Analyst Weigh In

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