Canadian Natural Resources Limited (TSE:CNQ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$111.47.

A number of analysts have recently issued reports on CNQ shares. National Bankshares lifted their price target on Canadian Natural Resources from C$94.00 to C$120.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. UBS Group increased their target price on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a research report on Tuesday, April 9th. Scotiabank upped their price objective on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Stifel Nicolaus lifted their price target on Canadian Natural Resources from C$110.00 to C$126.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a report on Tuesday, April 9th.

Canadian Natural Resources Stock Performance

TSE:CNQ opened at C$102.10 on Monday. The company has a debt-to-equity ratio of 27.94, a quick ratio of 0.54 and a current ratio of 0.88. The stock has a market capitalization of C$109.25 billion, a PE ratio of 15.10, a P/E/G ratio of 0.53 and a beta of 1.98. Canadian Natural Resources has a fifty-two week low of C$69.83 and a fifty-two week high of C$112.99. The company has a fifty day moving average of C$102.37 and a two-hundred day moving average of C$92.38.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, topping analysts’ consensus estimates of C$2.14 by C$0.20. Canadian Natural Resources had a net margin of 20.86% and a return on equity of 19.01%. The business had revenue of C$9.55 billion during the quarter, compared to analysts’ expectations of C$9.04 billion. As a group, research analysts forecast that Canadian Natural Resources will post 7.2308782 earnings per share for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Monday, June 17th. Canadian Natural Resources’s dividend payout ratio (DPR) is 59.17%.

Insider Transactions at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Warren Paul Raczynski sold 3,000 shares of Canadian Natural Resources stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total value of C$332,430.00. In other news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total value of C$332,430.00. Also, Senior Officer Devin Craig Lowe sold 1,170 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$96.61, for a total value of C$113,033.70. Insiders sold a total of 330,009 shares of company stock worth $32,364,302 over the last ninety days. Company insiders own 2.20% of the company’s stock.

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).