Canadian Natural Resources (TSE:CNQ) Price Target Lowered to C$56.00 at TD Securities

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective trimmed by TD Securities from C$60.00 to C$56.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms have also weighed in on CNQ. Wolfe Research raised Canadian Natural Resources to a hold rating in a research note on Thursday, July 18th. Raymond James dropped their price target on shares of Canadian Natural Resources from C$97.00 to C$49.00 and set a market perform rating for the company in a research report on Wednesday, June 12th. Desjardins boosted their price objective on shares of Canadian Natural Resources from C$55.00 to C$56.00 and gave the company a hold rating in a research report on Friday, August 2nd. National Bankshares cut their target price on Canadian Natural Resources from C$58.00 to C$52.00 in a research note on Friday, September 27th. Finally, Royal Bank of Canada reduced their price target on Canadian Natural Resources from C$62.00 to C$59.00 in a report on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of C$85.81.

Canadian Natural Resources Trading Up 0.8 %

Shares of Canadian Natural Resources stock opened at C$48.22 on Tuesday. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources has a 1 year low of C$40.02 and a 1 year high of C$56.49. The firm has a market cap of C$102.71 billion, a PE ratio of 13.74, a PEG ratio of 0.53 and a beta of 1.91. The company has a 50 day simple moving average of C$46.98 and a two-hundred day simple moving average of C$71.58.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.04. The firm had revenue of C$9.05 billion during the quarter, compared to analysts’ expectations of C$8.41 billion. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. Analysts expect that Canadian Natural Resources will post 3.6036866 earnings per share for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Friday, September 13th. Canadian Natural Resources’s dividend payout ratio is presently 59.26%.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 (thermal oil), and synthetic crude oil (SCO).