Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has earned an average rating of “Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$53.77.
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “top pick” rating in a report on Friday, March 2nd. Wells Fargo increased their price target on Canadian Natural Resources from C$52.00 to C$59.00 in a report on Thursday, January 11th. Eight Capital set a C$60.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a report on Thursday, January 11th. National Bank Financial increased their price target on Canadian Natural Resources from C$52.00 to C$64.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Barclays increased their price target on Canadian Natural Resources from C$41.00 to C$44.00 in a report on Thursday, December 21st.
TSE:CNQ opened at C$42.17 on Wednesday. Canadian Natural Resources has a 1 year low of C$35.90 and a 1 year high of C$47.00.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, March 1st. The company reported C$0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.37 by C$0.01. The business had revenue of C$5.01 billion during the quarter, compared to analyst estimates of C$4.57 billion. Canadian Natural Resources had a return on equity of 5.04% and a net margin of 7.90%.
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 16th were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 3.18%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 15th.
In other Canadian Natural Resources news, insider Robin Sean Zabek sold 1,042 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of C$40.24, for a total transaction of C$41,930.08. Also, insider Ronald Keith Laing acquired 2,650 shares of Canadian Natural Resources stock in a transaction on Thursday, January 18th. The shares were purchased at an average price of C$45.25 per share, for a total transaction of C$119,912.50. Insiders have sold a total of 68,625 shares of company stock worth $3,143,190 over the last 90 days.
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Canadian Natural Resources 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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