What to Look for When Canadian Natural (CNQ) Posts Q2 Results

NEW YORK (TheStreet) -- Shares of Canadian Natural Resource (CNQ)  were higher in early-afternoon trading on Wednesday ahead of the company's 2016 second quarter results due out before tomorrow's opening bell.

Analysts are modeling that the Calgary-based company will post a loss compared to a profit last year. Revenue is expected to decline year-over-year.

Wall Street is projecting that the oil and natural gas company will report a loss of 20 cents per share on revenue of $1.8 billion.

During the same quarter last year, Canadian Natural earned 16 cents per diluted share on revenue of $3.4 billion.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.

The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow and disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: CNQ

More from Markets

Procter & Gamble Helps Lead Dow Jones After Upgrade From Morgan Stanley

Procter & Gamble Helps Lead Dow Jones After Upgrade From Morgan Stanley

Join Jim Cramer's Club During Our '12 Days of Holiday Deals' Sale and Save 66%!

Join Jim Cramer's Club During Our '12 Days of Holiday Deals' Sale and Save 66%!

Your Worst Enemy In a Bear Market Is Yourself

Your Worst Enemy In a Bear Market Is Yourself

Economist Perspective: Brexit Endgame in Sight?

Economist Perspective: Brexit Endgame in Sight?

Flashback Friday: Johnson & Johnson Hits Take Historic Plunge

Flashback Friday: Johnson & Johnson Hits Take Historic Plunge