Earnings Alerts

Canadian Natural Resources (CNQ) Earnings: FY Forecasts, Production Targets, and Capital Expenditure Insights

By September 6, 2024 No Comments
  • Canadian Natural Resources forecasts full-year results.
  • Average natural gas production expected to be between 2,120 to 2,230 million cubic feet per day (mmcf/d).
  • Projected capital expenditure is C$5.42 billion, slightly up from previous estimate of about C$5.4 billion, and close to an estimated C$5.47 billion.
  • Analyst recommendations include 11 buys and 12 holds, with no sell ratings.

A look at Canadian Natural Resources Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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. is a company with a diverse range of Smart Scores, indicating mixed sentiment towards its long-term outlook. With a Value score of 3, investors see some potential for the company’s stock price compared to its intrinsic value. The Dividend and Growth scores of 4 both suggest positive prospects for shareholders looking for income and potential capital appreciation. However, the Resilience score of 2 shows some concerns about the company’s ability to weather economic uncertainties. On the other hand, the Momentum score of 4 highlights the company’s current positive market trend.

In summary, Canadian Natural Resources Ltd. is a company that operates in key Canadian provinces where it explores, develops, and produces natural gas and crude oil. Despite its mixed Smart Scores, the company’s geographical focus and existing pipeline infrastructure provide it with strategic advantages in the industry. Investors may want to carefully weigh the company’s value, dividend potential, growth prospects, resilience, and current market momentum when considering its long-term performance.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars