CNQ Stock Recent News

Canadian Natural Resources reported strong Q3 numbers with record production and an 11% dividend increase. The company has increased its base dividend for 24 straight years and is expected to continue rewarding shareholders as debt targets are achieved. The stock price has responded positively to tests and is setting higher highs and higher lows, making it a bullish investment.

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Canadian (CNQ) expects total capital expenditures of C$5,410 million with an annual production guidance of 1.33-1.37 million BOE/d for 2023.

Canadian Natural Resources (CNQ) has seen a 6% increase in its stock price following strong earnings and a positive outlook. The company has the potential for special dividends and buybacks next year if oil prices remain elevated. I favor CNQ as an oil investment due to its strong operations, deep inventories, and emphasis on shareholder distributions.

Canadian Natural Resources Ltd (CNQ) on Thursday posted third-quarter adjusted earnings per share (EPS) that exceeded analysts' expectations on record production that averaged 1.39 million oil-equivalent barrels per day.  The senior crude oil and natural gas production company said its adjusted EPS came in at C$2.59, surpassing the C$2.43 consensus estimate of 11 analysts polled by FactSet.

Canadian Natural Resources Limited (NYSE:CNQ ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Lance Casson – Manager-Investor Relations Tim McKay – President Mark Stainthorpe – Chief Financial Officer Scott Stauth – Chief Operating Officer-Oil Sands Conference Call Participants Dennis Fong – CIBC World Markets Neil Mehta – Goldman Sachs Greg Pardy – RBC Capital Markets Menno Hulshof – TD Securities Patrick O'Rourke – ATB Capital Markets John Royall – JPMorgan Manav Gupta – UBS Kalei Akamine – Bank of America Operator Good morning. We would like to welcome everyone to the Canadian Natural Resources 2023 Third Quarter Earnings Conference Call and Webcast.

Although the revenue and EPS for Canadian Natural Resources (CNQ) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Canadian Natural Resources (CNQ) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $2.37 per share a year ago.

Investors with an interest in Oil and Gas - Exploration and Production - Canadian stocks have likely encountered both Ovintiv (OVV) and Canadian Natural Resources (CNQ). But which of these two stocks presents investors with the better value opportunity right now?

Investors interested in Oil and Gas - Exploration and Production - Canadian stocks are likely familiar with Ovintiv (OVV) and Canadian Natural Resources (CNQ). But which of these two companies is the best option for those looking for undervalued stocks?