- Canadian Natural Resources reported adjusted EPS of C$0.71, surpassing the estimate of C$0.69.
- Average production was 1.42 million barrels of oil equivalent per day (boe/d), reflecting a 10% year-over-year increase, although slightly below the estimate of 1.44 million boe/d.
- Natural gas production increased by 14% year-over-year, reaching 2,407 million cubic feet per day (mmcf/d).
- Crude oil and natural gas liquids (NGLs) production grew by 9.1% year-over-year to 1.02 million barrels per day, yet fell short of the 1.04 million estimate.
- Bitumen production rose by 2.5% from the prior year, achieving 274,789 barrels per day, just under the estimated 277,656 barrels per day.
- The company has strong market confidence with 16 buy ratings, 6 hold ratings, and no sell ratings.
A look at Canadian Natural Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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 positioned for a stable long-term outlook, marked by consistent scores across key factors. With a Value score of 3, the company offers a fair valuation compared to its peers. Its Dividend score of 4 indicates a strong commitment to rewarding shareholders. While Growth, Resilience, and Momentum all scored a 3, showing steady performance and sustainability. Canadian Natural’s operations primarily focus on acquiring, exploring, and developing natural gas and crude oil in key Canadian provinces, ensuring access for exploration activities and leveraging existing pipeline systems.
Overall, Canadian Natural Resources demonstrates a balanced profile across various metrics, suggesting a reliable investment opportunity. Investors can potentially benefit from a company that offers both value and dividend income, supported by a resilient business model and steady momentum. Positioned in regions with rich natural resources and established infrastructure, Canadian Natural is well-equipped to navigate market challenges and capitalize on growth opportunities in the long run.
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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