Shares of Canadian Natural Resources Limited (CNQ) are up 3.48% to $30.67 in early trade, after the company reported Q4’14 EPS of $1.09 before the opening bell Thursday, versus $0.67 consensus. Net earnings from operations were $/CAD 1.19 billion in Q4 vs. adjusted net earnings of $756 million.
For full-year 2014, the company saw its net earnings increase to $3.9 billion compared to $2.3 billion in 2013. Adjusted net came in at $3.8 billion compared to $2.4 billion in 2013.
Canadian Natural ended fiscal/14 with a strong balance sheet with debt-to-book cap of 33% and debt-to-EBITDA of 1.3x at December 31, 2014.
On valuation measures, Canadian Natural Resources Ltd. shares, trade at a trailing-12 P/E of 12.92, a forward P/E of 46.31 and a P/E to growth ratio of 0.77. The median Wall Street price target on the name is $33.64 with a high target of $42.10. Currently ticker boasts 18 ‘Buy’ endorsements, compared to 2 ’Holds’ and 1 ‘Sell’.
Profitability-wise, CNQ has a t-12 profit and operating margin of 17.06% and 25.37%, respectively. The $32.34 billion market cap company reported $25 million in cash vs. $10.91 billion in debt in its most recent quarter.
CNQ currently prints a one year loss of about 18% and a year-to-date loss of around 4%.
Canadian Natural Resources Ltd. produces and sells crude oil, natural gas liquids (NGLs), and natural gas in North America. The company was founded in 1973 and is headquartered in Calgary, Canada.