Canadian Natural Resources +6% after cruising past Q4 estimates
- Author: Zachary Reyes Mar 03, 2017,
Mar 03, 2017, 2:52
The stock gained 0.38% in total of its share price.
Receive Canadian Natural Resources Limited News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited with MarketBeat.com's FREE daily email newsletter. Desjardins raised their target price on shares of Canadian Natural Resources Limited from C$42.00 to C$48.00 in a report on Thursday, December 1st.
Key Stats: Canadian Natural reported quarterly production of 859,577 barrels of oil equivalent per day (BOE/d), essentially flat with the prior-year quarter level.
Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the United Kingdom portion of the North Sea and Offshore Africa. Revenue was reported as $12.28 billion.
At the moment 21 analysts are watching Canadian Natural Resources Limited (NASDAQ:CNQ), 5 rate it "Buy", 13 "Outperform", 2 "Underperform", 0 "Sell", while 1 "Hold". The company's previous year sales total was 2.13 Billion.
The stock showed weekly downbeat performance of -5.06%, which was maintained for the month at -6.42%.
In 2016, Canadian Natural Resource had continued transition to a long life low-decline asset base with the strong execution and operational results of Horizon Phase 2B.
Looking forward, for the quarter ending Mar-17, 4 analysts have a mean sales target of 3,618.19 million. Canadian Natural Resource operating costs were a record low C$22.53 per barrel in the quarter.
Beta factor of the stock stands at 1.22. This represents a $1.10 annualized dividend and a dividend yield of 2.86%. Therefore, the stated figure displays a quarterly performance of -8.75% and year to date performance of -9.60%. The stock remained 1.54% volatile for the week and 1.42% for the month.