Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price boosted by Canaccord Genuity from C$50.00 to C$53.00 in a research report released on Tuesday morning, BayStreet.CA reports.
Several other research analysts have also weighed in on CNQ. CSFB raised Suncor Energy from a neutral rating to an outperform rating and lifted their price objective for the stock from C$48.00 to C$52.00 in a research report on Thursday, March 14th. Mizuho reissued a buy rating and issued a C$45.00 price objective on shares of Canadian Natural Resources in a research report on Tuesday, March 12th. JPMorgan Chase & Co. raised China Life Insurance from a neutral rating to an overweight rating in a research report on Thursday, May 30th. They noted that the move was a valuation call. Royal Bank of Canada set a $5.00 target price on Akorn and gave the company a hold rating in a research note on Thursday, May 30th. Finally, TD Securities raised their target price on Lightspeed POS from C$28.00 to C$29.00 and gave the company a buy rating in a research note on Friday, May 31st. Eleven investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of C$48.35.
CNQ stock opened at C$36.04 on Tuesday. The stock has a 50-day simple moving average of C$35.68. Canadian Natural Resources has a 1-year low of C$30.11 and a 1-year high of C$48.73. The company has a debt-to-equity ratio of 69.97, a quick ratio of 0.52 and a current ratio of 0.76. The company has a market cap of $43.18 billion and a price-to-earnings ratio of 14.72.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.45 by C$0.20. The business had revenue of C$5.25 billion during the quarter, compared to the consensus estimate of C$4.99 billion. On average, equities analysts forecast that Canadian Natural Resources will post 2.7399999 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.34. This represents a $1.50 annualized dividend and a dividend yield of 4.16%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 61.27%.
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.
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