Shares of Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ) have received a consensus recommendation of “Buy” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$47.69.
A number of analysts have commented on CNQ shares. CSFB increased their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Thursday, March 14th. CIBC increased their price objective on shares of Canadian Natural Resources from C$45.00 to C$49.00 in a report on Tuesday, April 23rd. Canaccord Genuity increased their price objective on shares of Canadian Natural Resources from C$45.00 to C$50.00 in a report on Tuesday, April 9th. National Bank Financial increased their price objective on shares of Canadian Natural Resources from C$42.00 to C$49.00 in a report on Monday, April 8th. Finally, Morgan Stanley cut their price target on shares of Canadian Natural Resources from C$50.00 to C$43.00 in a report on Wednesday, January 30th.
CNQ stock traded down C$0.20 during mid-day trading on Wednesday, reaching C$37.32. The company’s stock had a trading volume of 3,547,137 shares, compared to its average volume of 3,703,698. The company has a market cap of $44.83 billion and a price-to-earnings ratio of 15.25. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 69.97. Canadian Natural Resources has a fifty-two week low of C$30.11 and a fifty-two week high of C$49.08.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Thursday, March 7th. The company reported C($0.09) EPS for the quarter, meeting the Zacks’ consensus estimate of C($0.09). The business had revenue of C$3.70 billion during the quarter, compared to analyst estimates of C$5.27 billion. As a group, equities analysts forecast that Canadian Natural Resources will post 3.02000008242358 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.34. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 56.37%.
In other news, Senior Officer Kendall W. Stagg sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of C$39.67, for a total transaction of C$198,350.00. Following the completion of the sale, the insider now owns 77,421 shares in the company, valued at approximately C$3,071,291.07.
About Canadian Natural Resources
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.
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