Canadian Natural Resources Limited (TSE:CNQ) Given Average Rating of “Buy” by Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQGet Rating) (NYSE:CNQ) have been given an average rating of “Buy” by the twenty-two analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$78.52.

Several research firms recently commented on CNQ. Credit Suisse Group raised their target price on Canadian Natural Resources to C$93.00 and gave the stock an “outperform” rating in a research note on Monday, May 9th. Stifel Nicolaus lifted their target price on Canadian Natural Resources from C$100.00 to C$111.00 in a research report on Friday, May 6th. JPMorgan Chase & Co. lifted their price target on Canadian Natural Resources from C$66.00 to C$67.00 in a report on Friday, March 4th. CSFB lifted their price target on Canadian Natural Resources from C$85.00 to C$93.00 in a report on Monday, May 9th. Finally, BMO Capital Markets boosted their target price on Canadian Natural Resources from C$92.00 to C$95.00 in a research note on Friday, May 6th.

In other Canadian Natural Resources news, Director Stephen W. Laut sold 340 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of C$73.90, for a total transaction of C$25,126.00. Following the completion of the transaction, the director now owns 1,853,899 shares in the company, valued at C$137,003,136.10. Also, Senior Officer Trevor James Cassidy sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, May 30th. The shares were sold at an average price of C$86.68, for a total value of C$823,460.00. Following the transaction, the insider now owns 34,806 shares of the company’s stock, valued at approximately C$3,016,984.08. In the last quarter, insiders sold 294,197 shares of company stock valued at $23,945,099.

TSE:CNQ opened at C$85.19 on Monday. The stock’s 50-day simple moving average is C$80.79 and its 200 day simple moving average is C$69.14. The firm has a market capitalization of C$98.34 billion and a PE ratio of 10.75. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 40.17. Canadian Natural Resources has a twelve month low of C$37.82 and a twelve month high of C$88.18.

Canadian Natural Resources (TSE:CNQGet Rating) (NYSE:CNQ) last posted its earnings results on Thursday, May 5th. The company reported C$2.86 EPS for the quarter, beating the consensus estimate of C$2.45 by C$0.41. The firm had revenue of C$10.68 billion during the quarter, compared to the consensus estimate of C$8.95 billion. On average, analysts anticipate that Canadian Natural Resources will post 9.0799994 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Friday, June 17th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $3.00 annualized dividend and a yield of 3.52%. Canadian Natural Resources’s dividend payout ratio is currently 28.73%.

Canadian Natural Resources Company Profile (Get Rating)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

Further Reading

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.