why is cnq going down

Third-quarter 2019 liquids production is anticipated within 897,000-939,000 Bbl/d and natural gas output, in the band of 1,440-1,460 MMcf/d. Realized oil and NGLs price increased 3.8% to C$63.45 per barrel from C$61.14 in the second quarter of 2018, courtesy of the narrowing crude oil differentials.

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Despite a year-over-year decrease in revenues and earnings, the company’s second-quarter results offered something positive to buoy long-term investors’ optimism as free cash flow totaled $1,295 million after capital expenditure and dividend payments. NYSE and AMEX data is at least 20 minutes delayed. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. June 04, 2018.

Oil and natural gas liquids (NGLs) output (accounting for more than 75% of total volumes) decreased to 770,409 barrels per day (Bbl/d) from 793,899 Bbl/d a year ago. The consensus estimate has shifted 5.95% due to these changes. Real time prices by BATS.

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You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. To learn more, click here. If you aren't focused on one strategy, this score is the one you should be interested in. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. How Have Estimates Been Moving Since Then?

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Canadian Natural Resources Limited (CNQ) - free report >>. This independent explorer and producer’s quarterly revenues of C$2,335 million were substantially lower than the year-ago figure of C$3,114 million.Canadian Natural’s third-quarter cash flow from operations – a key metric to gauge its capability to fund new projects and drilling – was C$1,021 million. These returns cover a period from January 1, 1988 through August 31, 2020.

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This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The Painted Pony transaction is immaterial in the grand scheme of things for CNQ.

It could probably double from here with their cashflow break even being at $27 for maintenance cap-ex.

Zacks Equity Research June 04, 2018. The monthly returns are then compounded to arrive at the annual return. We expect an in-line return from the stock in the next few months. Canadian Natural Resources (CNQ) reports earnings on 11/5/2020.

Based on our scores, the stock is equally suitable for growth and momentum investors while value investors may want to look elsewhere. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. As of Jun 30, the company had C$398 million in cash and cash equivalents, and a long-term debt of C$19,543 million, representing a debt-to-capitalization ratio of approximately 36.3%.

A month has gone by since the last earnings report for Canadian Natural Resources Limited (CNQ - Free Report) .

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

Overall, the stock has an aggregate VGM Score of A.

Canadian Natural revised its capital expenditure and output forecast for 2019. ZacksTrade and Zacks.com are separate companies.

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

Will the recent negative trend continue leading up to its next earnings release, or is CNQ due for a breakout? Delayed quotes by Sungard. Canadian Natural reported quarterly production of 1,025,800 barrels of oil equivalent per day (BOE/d), down by 2.3% from the prior-year quarter.

The monthly returns are then compounded to arrive at the annual return. Moreover, average realized natural gas price (excluding hedging) for the three months ended Sep 30, 2016 was C$2.44 per thousand cubic feet (Mcf) as against the year-ago level of C$3.22 per Mcf.Total ExpensesTotal expenses decreased 9% from C$3,212 million in the year-earlier quarter to C$2,924 million. Zacks Equity Research A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

At this time, CNQ has a strong Growth Score of A and a grade with the same score on the momentum front. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy. Why Is Canadian Natural Resources (CNQ) Down 2.4% Since Its Last Earnings Report? Read full article. A very well-run and cheap large cap. Here's why Google shares rose after the U.S. antitrust suit Bitcoin approaches US$12,000 after snapping equities correlation Paul MacDonald's Top Picks: Oct. 20, 2020

Meanwhile, the bottom line was lower than the prior-year earnings of 70 cents a share as production fell. See its 7 best stocks FREE.

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. This includes personalizing content and advertising.

Yahoo fait partie de Verizon Media. August 31, 2019. Canadian Natural Resources Limited (CNQ) - free report >>. Privacy Policy | No cost, no obligation to buy anything ever. The company’s thermal in situ oil sands production outlook is also lifted and is estimated within 157,000-172,000 Bbl/d. Shares have lost about 2.4% in that time frame. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. If you wish to go to ZacksTrade, click OK.

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