Canadian Natural Resources (TSE:CNQ) Posts Quarterly Earnings Results

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) posted its quarterly earnings data on Thursday. The company reported C$2.19 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$14.74 billion during the quarter. Canadian Natural Resources had a return on equity of 22.74% and a net margin of 24.51%.

Canadian Natural Resources Trading Down 0.6%

Shares of TSE:CNQ opened at C$63.45 on Friday. The company has a debt-to-equity ratio of 44.85, a current ratio of 0.98 and a quick ratio of 0.54. Canadian Natural Resources has a 1 year low of C$40.62 and a 1 year high of C$70.99. The company has a market cap of C$132.34 billion, a P/E ratio of 12.30, a PEG ratio of 0.53 and a beta of 0.27. The stock’s fifty day moving average price is C$61.41 and its 200-day moving average price is C$61.08.

Key Canadian Natural Resources News

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Analysts raised their targets: TD increased its price target from C$72 to C$73 and assigned a “buy” rating. Raymond James lifted its target from C$65 to C$66 and maintained an “outperform” rating, while Scotia raised its target from C$71 to C$73 with a “sector perform” rating. The revisions imply potential upside from recent trading levels. BayStreet analyst ratings
• Positive Sentiment: Dividend growth continued: Canadian Natural Resources announced a new quarterly payout, extending its dividend-growth streak to 26 years. The announcement reinforces the company’s appeal to income-focused investors and signals confidence in ongoing cash generation. Dividend announcement
• Positive Sentiment: Quarterly profitability remained strong: CNQ reported C$2.19 in EPS and C$14.74 billion in revenue, with a 24.51% net margin and 22.74% return on equity. A separate earnings update described higher second-quarter adjusted earnings, providing a favorable fundamental backdrop. Second-quarter earnings update
• Neutral Sentiment: The stock’s decline suggests investors may be taking profits or looking for additional detail on the earnings outlook, despite the positive analyst revisions, dividend increase and solid reported results. CNQ remains sensitive to crude oil prices and broader energy-sector sentiment.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CNQ shares. Royal Bank Of Canada cut their target price on Canadian Natural Resources from C$80.00 to C$79.00 in a research note on Wednesday, July 15th. Desjardins set a C$70.00 price objective on shares of Canadian Natural Resources and gave the company a “hold” rating in a research note on Friday, July 17th. TD lifted their target price on shares of Canadian Natural Resources from C$72.00 to C$73.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank upgraded shares of Canadian Natural Resources to a “hold” rating in a research note on Friday, June 26th. Finally, Raymond James Financial increased their price target on shares of Canadian Natural Resources from C$65.00 to C$66.00 and gave the company an “outperform” rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$65.35.

About Canadian Natural Resources

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.