Canadian Natural Resources Limited (TSE:CNQ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ – Get Rating) (NYSE:CNQ) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$91.79.

Several research firms have weighed in on CNQ. Morgan Stanley dropped their target price on Canadian Natural Resources from C$90.00 to C$87.00 in a research report on Monday, March 27th. JPMorgan Chase & Co. lifted their target price on Canadian Natural Resources from C$92.00 to C$94.00 in a research report on Tuesday, March 14th. National Bankshares decreased their price objective on Canadian Natural Resources from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Scotiabank lifted their price objective on Canadian Natural Resources from C$86.00 to C$87.00 in a research note on Thursday, April 13th. Finally, Wells Fargo & Company lifted their price objective on Canadian Natural Resources from C$76.00 to C$82.00 in a research note on Friday, March 3rd.

Canadian Natural Resources Stock Performance

TSE CNQ opened at C$77.06 on Monday. The company has a market cap of C$84.00 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.53 and a beta of 2.02. The company has a debt-to-equity ratio of 35.14, a current ratio of 0.83 and a quick ratio of 0.54. The stock has a 50-day moving average of C$76.77 and a two-hundred day moving average of C$77.54. Canadian Natural Resources has a 1-year low of C$58.75 and a 1-year high of C$87.92.

Canadian Natural Resources (TSE:CNQ – Get Rating) (NYSE:CNQ) last released its earnings results on Thursday, March 2nd. The company reported C$1.96 earnings per share for the quarter, missing the consensus estimate of C$2.21 by C($0.25). The firm had revenue of C$9.69 billion during the quarter, compared to analyst estimates of C$9.46 billion. Canadian Natural Resources had a net margin of 23.94% and a return on equity of 25.00%. As a group, analysts anticipate that Canadian Natural Resources will post 7.9854922 EPS for the current year.

Canadian Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 16th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Thursday, June 15th. Canadian Natural Resources’s payout ratio is 42.30%.

Insider Buying and Selling

In related news, Director Stephen W. Laut sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of C$80.00, for a total transaction of C$400,010.00. 2.22% of the stock is owned by company insiders.

About Canadian Natural Resources

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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.