Canadian Natural Q4 EPS Seen Falling 19.7% to $0.53 with $6.62B Revenue
Analysts project Canadian Natural’s Q4 EPS to drop 19.7% year-over-year to $0.53 per share on revenues expected at $6.62 billion, a 2.1% decline. Production volumes are seen rising to 1.65 million barrels of oil equivalent per day from 1.47 million, while shares have jumped 21.5% in the past month.
1. Q4 Earnings Outlook
Canadian Natural's Q4 EPS is projected at $0.53 per share, marking a 19.7% year-over-year decline on revenues expected to total $6.62 billion, down 2.1%. Analysts' consensus EPS estimate has not changed in the past 30 days.
2. Production Volume Forecasts
Production is forecast to rise to 1,646,976 barrels of oil equivalent per day from 1,470,428, with crude oil and NGL volumes seen at 1,202,722 barrels per day versus 1,090,002 last year and natural gas output at 2,693 mmcf per day versus 2,273. However, North Sea and Offshore Africa volumes are expected to dip.
3. Share Performance and Analyst Ranking
Shares have climbed 21.5% over the past month, outperforming the S&P 500's 1.3% decline, while the stock carries a Zacks Rank #3 (Hold), indicating a neutral near-term outlook.