Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) has been assigned an average rating of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $47.00.
A number of analysts have commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a $53.00 price objective on shares of Canadian Natural Resource in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Canadian Natural Resource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Morgan Stanley raised their price objective on Canadian Natural Resource from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th.
Shares of Canadian Natural Resource (NYSE CNQ) opened at $34.83 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. Canadian Natural Resource has a 52-week low of $27.52 and a 52-week high of $36.79. The company has a market capitalization of $41,696.93, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 8.34 and a beta of 1.46.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be given a $0.214 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.46%. Canadian Natural Resource’s dividend payout ratio is currently 50.89%.
Several hedge funds have recently made changes to their positions in the business. FTB Advisors Inc. lifted its position in shares of Canadian Natural Resource by 1.3% during the 2nd quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock worth $102,000 after buying an additional 41 shares during the period. Knights of Columbus Asset Advisors LLC lifted its position in shares of Canadian Natural Resource by 1.1% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 37,000 shares of the oil and gas producer’s stock worth $1,067,000 after buying an additional 400 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Canadian Natural Resource by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 204,244 shares of the oil and gas producer’s stock worth $5,890,000 after buying an additional 637 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Canadian Natural Resource by 12.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,903 shares of the oil and gas producer’s stock worth $259,000 after buying an additional 763 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Canadian Natural Resource by 14.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,545 shares of the oil and gas producer’s stock worth $246,000 after buying an additional 1,107 shares during the period. Institutional investors own 59.41% of the company’s stock.
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Canadian Natural Resource Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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