Insights Into Canadian Natural Resources (CNQ) Q4: Wall Street Projections for Key Metrics

Core Viewpoint - Canadian Natural Resources (CNQ) is expected to report quarterly earnings of $0.69 per share, reflecting a 19.8$6.39 billion, down 8.9% from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 1.5% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Production Metrics - Total average daily production is estimated to reach 1,436,480 BOE/D, up from 1,419,313 BOE/D year-over-year [5]. - Primary Heavy Oil production is projected at 81.86 thousand barrels per day, compared to 80.1 thousand barrels per day last year [5]. - Thermal In Situ Oil production is expected to be 281.07 thousand barrels per day, an increase from 278.42 thousand barrels per day year-over-year [6]. - Oil Sands Mining and Upgrading production is forecasted at 507.12 thousand barrels per day, up from 500.13 thousand barrels per day [6]. - Pelican Lake Oil production is estimated at 45.71 thousand barrels per day, slightly down from 46.05 thousand barrels per day last year [7]. - North Sea Oil production is expected to be 11.98 thousand barrels per day, down from 12.62 thousand barrels per day [7]. - Offshore Africa Oil production is projected at 13.55 thousand barrels per day, up from 13.21 thousand barrels per day [8]. - Average daily production of Oil & liquids is estimated at 1,064,114 BBL/D, compared to 1,047,541 BBL/D last year [8]. - Natural gas average daily production is expected to reach 2,225.38 million cubic feet, slightly down from 2,231 million cubic feet year-over-year [9]. - North America Natural Gas production is forecasted at 2,214.17 Mcf/D, down from 2,218 Mcf/D last year [9]. - Offshore Africa Natural Gas production is estimated at 9.75 Mcf/D, down from 11 Mcf/D year-over-year [10]. - Light Crude Oil production is projected at 52.08 thousand barrels per day, up from 48.12 thousand barrels per day last year [10]. Stock Performance - Shares of Canadian Natural Resources have decreased by 11% over the past month, compared to a -2.3% change in the Zacks S&P 500 composite [11]. - The company holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the overall market in the near future [11].