Canadian Natural Resources Limited (NYSE:CNQ) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
Previous Quarter Performance
Canadian Natural Resources Limited posted loss for the second quarter of $ 0.47 per share, from the revenue of $ 2,071.00 million. The quarterly revenues declined 26.82 percent compared with the same quarter last year. According to street consensus, CNQ was expected to report 2Q20 income of $ 0.49 per share from revenue of $ 3970.00 million. The bottom line results missed street analysts by $ 0.96 or 195.92 percent, at the same time, top line results fell short of analysts by $ 1 million or 47.83 percent.
Stock Performance
Shares of Canadian Natural Resources Limited traded up $ 0.07 or 0.42 percent on Wednesday, reaching $ 16.75 with volume of 2.61 million shares. Canadian Natural Resources Limited has traded high as $ 17.03 and has cracked $ 16.27 on the downward trend
The closing price of $ 16.75, representing a 148.58 % increase from the 52 week low of $ 6.71 and a 49.13 % decrease over the 52 week high of $ 32.79.
The company has a market capital of $ 19.69 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.425 per share to holders of record as of the close of business on September 18, 2020, with payment date of October 5, 2020 and ex-dividend date on September 17, 2020.
Conference Call
Canadian Natural Resources Limited will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cnrl.com
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
