Equities analysts expect Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) to post $0.76 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Canadian Natural Resource’s earnings, with estimates ranging from $0.62 to $0.89. Canadian Natural Resource posted earnings per share of $0.15 during the same quarter last year, which suggests a positive year-over-year growth rate of 406.7%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that Canadian Natural Resource will report full year earnings of $2.79 per share for the current financial year, with EPS estimates ranging from $2.45 to $3.07. For the next year, analysts forecast that the company will report earnings of $3.06 per share, with EPS estimates ranging from $2.23 to $3.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Canadian Natural Resource.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, August 2nd. The oil and gas producer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.50. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.28 billion. Canadian Natural Resource had a net margin of 12.34% and a return on equity of 8.35%. During the same quarter last year, the firm earned $0.29 earnings per share.

CNQ has been the topic of several recent research reports. Royal Bank of Canada lowered shares of Canadian Natural Resource from a “top pick” rating to an “outperform” rating and set a $38.40 price objective on the stock. in a research report on Thursday, September 20th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Canadian Natural Resource from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Macquarie lowered shares of Canadian Natural Resource from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 9th. Morgan Stanley cut their price objective on shares of Canadian Natural Resource from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, October 12th. Finally, Evercore ISI initiated coverage on shares of Canadian Natural Resource in a research report on Wednesday, June 27th. They set an “inline” rating on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $48.68.

Several large investors have recently added to or reduced their stakes in CNQ. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Canadian Natural Resource in the third quarter valued at approximately $153,000. Ostrum Asset Management bought a new position in shares of Canadian Natural Resource in the first quarter valued at approximately $168,000. Cubist Systematic Strategies LLC raised its position in shares of Canadian Natural Resource by 50.0% in the second quarter. Cubist Systematic Strategies LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 1,800 shares during the period. Worth Venture Partners LLC bought a new position in shares of Canadian Natural Resource in the first quarter valued at approximately $225,000. Finally, Signaturefd LLC raised its position in shares of Canadian Natural Resource by 49.7% in the second quarter. Signaturefd LLC now owns 6,999 shares of the oil and gas producer’s stock valued at $252,000 after purchasing an additional 2,323 shares during the period. 66.89% of the stock is currently owned by institutional investors.

CNQ traded down $0.71 during midday trading on Wednesday, hitting $28.64. 4,300,700 shares of the company’s stock traded hands, compared to its average volume of 3,002,100. The firm has a market cap of $39.79 billion, a PE ratio of 34.51, a PEG ratio of 2.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 1.02. Canadian Natural Resource has a one year low of $28.42 and a one year high of $38.20.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were given a $0.257 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, September 13th. Canadian Natural Resource’s dividend payout ratio is 124.10%.

Canadian Natural Resource Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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