Highlights of Q1 Earnings & Surprise History Canadian Natural Resources Limited (CNQ) is set to release second-quarter results on Aug 1. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 55 cents per share on revenues of $6.2 billion. In the last reported quarter, this Calgary, Alberta, Canada-based upstream operator missed the consensus mark due to lower commodity prices and higher expenses. Canadian Natural reported adjusted earnings per share of 51 cents, lagging the Za ...

Investors in Canadian Natural Resources Limited (CNQ) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $60 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there ...

Past Coverage Canadian Natural Resources is not the cheapest oil company, but it is one of the highest-quality oil companies. It has a clean balance sheet, offers great shareholder returns, has an excellent track record, low break-even costs, a long reserve life, and so on. Considering these many positives, the current valuation is not high at all, I believe: JamesBrey 1 Children Art First Article Thesis I have covered Canadian Natural Resources Limited several times here on Seeking Alpha, most recently a l ...

Introduction I believe it is one of my most important articles, as we could be on the verge of a major shift that could potentially have a major impact on future returns. Dmytro Synelnychenko/iStock via Getty Images On June 24, I wrote an article titled "Stock Picking Was 'Never' More Attractive: 3 Terrific Dividend Stocks To Buy." The S&P 500's recent gains have been heavily concentrated in a few stocks, raising diversification concerns. There is valid skepticism about the sustainability of these developme ...

Value investing remains my favorite way to put capital to work, even in this inflationary environment. That means, however, that I've missed out on some spectacular gains on hot stocks like Nvidia (NVDA) and Dell Technologies (DELL) this year, as AI has dominated the investor consciousness over much of the past year. Nonetheless, it's important to keep in mind that the stock market is forward-looking, and with all of the hype around tech growth stocks today, many years' worth of future earnings have already ...

The price of crude oil dipped below $80 per barrel in April and has not risen much past that mark as investors fret about a potential economic slowdown. Natural gas has rebounded a bit recently, but it is still below $3 per British thermal unit (BTU), compared to a peak price of around $10 back in 2022. As a result, oil and gas stocks have seriously underperformed the market this year. The macroeconomic concerns are real. But these three energy stocks are poised to profit — and pay outsized dividends — rega ...

Bottom Line While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Canadian N ...

Canadian Natural Resources Limited (CNQ) reported first-quarter 2024 net earnings per share (EPS) of C$0.91, down from the prior-year quarter level of C$1.62. This underperformance can be mainly attributed to low commodity prices and higher year-over-year expenses during the quarter.Total revenues of $6.1 billion declined from $6.4 billion in the year-ago period due to a reduction in product sales. However, the figure beat the Zacks Consensus Estimate of $6 billion.CNQ’s board of directors announced a quart ...

Gerasimov174 All financial numbers in this article are in Canadian dollars unless noted otherwise. Canadian Natural Resources Overview It's time to talk about Canadian Natural Resources Limited (NYSE:CNQ), a company that has become one of my largest energy stocks and my favorite upstream player. On January 12, I wrote an article titled "A 12% Distribution Yield At $80 WTI is Why I Sold Exxon To Buy Canadian Natural Resources." As the title may suggest, its highly favorite free cash flow profile is one ...

Lance Casson - Investor Relations Scott Stauth - Chief Operating Officer, Oil Sands Mark Stainthorpe - Chief Financial Officer Good morning. We would like to welcome everyone to the Canadian Natural's 2024 First Quarter Earnings Conference Call and Webcast. After the presentation, we will conduct a question-and-answer session. Instructions will be given at that time. Please note, this call is being recorded today, May 02, 2024 at 07:00 AM Mountain Time. Speaking on today's call will be Scott Stauth, our Pre ...