Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) posted its quarterly earnings data on Thursday. The oil and gas producer reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.26, Briefing.com reports. Canadian Natural Resources had a net margin of 18.05% and a return on equity of 21.98%. The firm had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company posted $0.43 EPS.
Canadian Natural Resources Stock Performance
Canadian Natural Resources stock traded down $1.58 during trading hours on Friday, hitting $33.38. The company had a trading volume of 6,756,602 shares, compared to its average volume of 5,527,471. The firm has a market cap of $71.03 billion, a PE ratio of 13.30 and a beta of 1.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.61. Canadian Natural Resources has a one year low of $29.13 and a one year high of $41.29. The firm has a 50-day moving average of $35.60 and a 200 day moving average of $35.74.
Canadian Natural Resources Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.384 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.54 annualized dividend and a yield of 4.60%. Canadian Natural Resources’s dividend payout ratio is currently 61.35%.
Wall Street Analyst Weigh In
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Canadian Natural Resources Company Profile
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).
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