Canadian Natural Resources Ltd (CNQ) Earnings
Should You Buy CNQ Before Earnings?
Based on the last three years of earnings reports, buying CNQ stock within four weeks before its earnings date yielded an average return of 1.46%.
The best time to buy before earnings was 28 days before, which yielded an average return of 3.15% by the earnings date. The worst time was 1 day before, which yielded an average return of 0.11%.
Report dates analyzed: Mar 2 2022 - Oct 31 2024*Disclaimer: Past performances is not a guarantee of future results.
Should You Buy CNQ After Earnings?
Based on the last three years of earnings reports, on average, CNQ has gone up 0.06% shortly after its earnings date. The price peaks 21 days after earnings and is on average 1.17% higher than its closing price on day of earnings.
Since CNQ has typically gone up after earnings, you might want to consider buying the stock before.
Report dates analyzed: Nov 3 2021 - Aug 1 2024*Disclaimer: Past performances is not a guarantee of future results.
Average Gains
The average return if you bought Canadian Natural Resources Ltd before its earnings report and sold at close on its earnings day.
Period | 28 Day Before | 21 Days Before | 14 Days Before | 7 Days Before | 1 Day Before | Day Of |
---|---|---|---|---|---|---|
Past 4 Earnings | 1.05% | 0.00% | -0.82% | 0.16% | 0.46% | 0.37% |
Past 8 Earnings | 1.92% | 1.07% | -0.34% | 0.01% | -0.12% | 0.06% |
Past 12 Earnings | 4.06% | 3.03% | 0.05% | 1.52% | 0.04% | -0.07% |
CNQ Earnings History
Report Date | 28 Day Before | 21 Days Before | 14 Days Before | 7 Days Before | 1 Day Before | Day Of | 1 Day After | 7 Days After | 14 Days After | 21 Days After | 28 Days After |
---|---|---|---|---|---|---|---|---|---|---|---|
2024-10-31 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2024-08-01 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2024-05-02 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2024-02-29 | 63.12 -3.30% | 60.58 0.76% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2023-11-01 | 60.19 7.49% | 65.20 -0.77% | 66.89 -3.27% | 64.28 0.65% | 63.53 1.84% | 64.70 1.47% | 67.92 4.98% | 62.39 -3.57% | 65.36 1.02% | 64.91 0.33% | 66.33 2.52% |
2023-08-02 | 55.58 6.62% | 57.79 2.54% | 57.80 2.53% | 59.96 -1.17% | 60.92 -2.73% | 59.26 -2.05% | 59.92 1.11% | 61.31 3.46% | 59.74 0.81% | 61.03 2.99% | 64.24 8.40% |
2023-05-03 | 58.94 -4.72% | 59.70 -5.93% | 60.86 -7.72% | 58.83 -4.54% | 57.25 -1.90% | 56.16 -0.50% | 54.80 -2.42% | 56.59 0.77% | 56.03 -0.23% | 56.94 1.39% | 53.88 -4.06% |
2023-03-01 | 59.20 -2.10% | 59.32 -2.29% | 59.43 -2.47% | 54.94 5.50% | 56.51 2.57% | 57.96 2.17% | 58.90 1.62% | 57.79 -0.29% | 50.72 -12.49% | 51.89 -10.47% | 54.54 -5.90% |
2022-11-02 | 53.79 11.36% | 52.43 14.25% | 55.33 8.26% | 60.13 -0.38% | 60.36 -0.76% | 59.90 -0.61% | 60.01 0.18% | 58.83 -1.79% | 60.74 1.40% | 59.97 0.12% | 59.72 -0.30% |
2022-08-03 | 48.28 7.97% | 47.55 9.63% | 51.05 2.12% | 52.56 -0.82% | 54.05 -3.55% | 52.13 -4.35% | 50.91 -2.34% | 53.86 3.32% | 54.55 4.64% | 56.60 8.58% | 54.81 5.14% |
2022-05-04 | 62.26 5.43% | 65.45 0.29% | 68.78 -4.57% | 61.54 6.66% | 63.80 2.88% | 65.64 0.71% | 63.81 -2.79% | 58.49 -10.89% | 61.15 -6.84% | 65.01 -0.96% | 67.52 2.86% |
Methodology
We analyzed the past three years of CNQ's earnings reports to calculate the average change in price of the stock before and after earnings.
Before Earnings
For calculating the average gains if you bought prior to earnings, we looked at the closing price of 5 different dates and compared them to the closing price of CNQ on the day of the earnings report to calculate the return. The dates analyzed are:
- 28 days prior (4 weeks)
- 21 days prior (3 weeks)
- 14 days prior (2 weeks)
- 7 days prior (1 week)
- 1 day prior
This simulates an individual purchasing CNQ stock on one of those days and selling on the day of the earnings report.
After Earnings
For calculating the average gains if you bought CNQ stock on the day of earnings, we looked at the closing price of CNQ on the day of the earnings and then compared it to 5 dates after. The dates analyzed are:
- 1 day after
- 7 days after (1 week)
- 14 days after (2 weeks)
- 21 days after (3 weeks)
- 28 day after (4 weeks)
This simulates an individual purchasing CNQ stock on the day of the earnings report and then selling on one of the dates following.
Day of
To calculate the gains on the day of earnings, we compared the opening price of CNQ to the closing price on the day of earnings - regardless if the earnings call was pre- or post-market.
$CNQ Holding Pattern
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please hold.
$CNQ Games being played here.
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$CNQ Pamp it higher...