- Adjusted earnings per share (EPS) from continuing operations: C$0.88, exceeding the estimate of C$0.81.
- Average production: 1.29 million barrels of oil equivalent per day (boe/d), a 7.7% increase year-over-year, surpassing the estimate of 1.27 million boe/d.
- Natural gas production: 2,110 million cubic feet per day (mmcf/d), marking a 1.2% rise year-over-year.
- Crude oil and natural gas liquids (NGLs) production: 934,066 barrels per day (bbl/d), a 10% increase year-over-year, outperforming the estimate of 916,763 bbl/d.
- Bitumen production: 268,044 barrels per day (bbl/d), reflecting a 12% year-over-year increase, above the estimate of 261,298 bbl/d.
- Analyst ratings: 11 buy recommendations, 12 hold recommendations, and 0 sell recommendations.
A look at Canadian Natural Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Canadian Natural Resources Ltd. has been rated using Smartkarma’s Smart Scores, providing valuable insights into the company’s long-term outlook. With a strong score of 5 for Growth and a respectable score of 4 for Dividend, the company shows promise for future expansion and income generation. However, its lower scores in Resilience and Momentum at 2 and 3 respectively indicate some potential challenges in weathering market fluctuations and maintaining consistent performance.
Canadian Natural Resources Ltd. is a company that focuses on acquiring and developing natural gas and crude oil resources in key Canadian territories. Operating primarily in Alberta, northeastern British Columbia, and Saskatchewan, the company strategically positions itself in regions with established pipeline infrastructures to support its exploration and production activities. With a balanced mix of growth opportunities and dividend payouts, Canadian Natural Resources presents a solid investment option for those looking for long-term value in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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