Shares of Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ) have been given a consensus recommendation of “Hold” by the nineteen analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$45.44.
A number of research firms have commented on CNQ. JPMorgan Chase & Co. decreased their target price on shares of Canadian Natural Resources from C$44.00 to C$41.00 in a research note on Wednesday, September 11th. National Bank Financial restated a “sector perform” rating on shares of Canadian Natural Resources in a research note on Wednesday, October 2nd. UBS Group decreased their target price on shares of Canadian Natural Resources from C$59.00 to C$55.00 in a research note on Thursday, June 20th. CIBC decreased their target price on shares of Canadian Natural Resources from C$49.00 to C$48.00 in a research note on Thursday, July 18th. Finally, Canaccord Genuity raised their target price on shares of Canadian Natural Resources from C$50.00 to C$53.00 in a research note on Tuesday, July 9th.
Shares of CNQ traded up C$0.51 on Friday, reaching C$33.58. The company’s stock had a trading volume of 1,597,300 shares, compared to its average volume of 3,631,326. The company has a debt-to-equity ratio of 74.06, a current ratio of 0.59 and a quick ratio of 0.39. The stock has a market capitalization of $39.80 billion and a P/E ratio of 8.41. The stock’s 50 day simple moving average is C$33.46 and its two-hundred day simple moving average is C$35.39. Canadian Natural Resources has a 12-month low of C$30.01 and a 12-month high of C$42.56.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.02. The business had revenue of C$5.56 billion during the quarter, compared to analysts’ expectations of C$5.80 billion. Analysts expect that Canadian Natural Resources will post 2.4999998 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Thursday, September 12th. Canadian Natural Resources’s payout ratio is 37.58%.
In other news, Senior Officer Betty Yee sold 3,500 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$37.80, for a total transaction of C$132,300.00. Following the sale, the insider now owns 80,980 shares in the company, valued at C$3,061,044. Also, Senior Officer Troy John Peter Andersen sold 4,000 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$36.63, for a total transaction of C$146,520.00. In the last 90 days, insiders have sold 32,500 shares of company stock worth $1,183,583.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
Further Reading: Percentage Gainers
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