Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target reduced by TD Securities from C$56.00 to C$54.00 in a research note published on Friday. They currently have a buy rating on the stock.
Several other equities research analysts also recently issued reports on CNQ. Royal Bank of Canada downgraded Canadian Natural Resources from a top pick rating to an outperform rating and dropped their price objective for the stock from C$58.00 to C$55.00 in a report on Thursday, September 20th. CIBC restated an outperform rating and set a C$55.00 price objective on shares of Canadian Natural Resources in a report on Friday, October 5th. Cormark lowered their price target on Canadian Natural Resources from C$58.00 to C$55.00 in a report on Tuesday, October 9th. BMO Capital Markets lowered their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Tuesday, October 9th. Finally, Morgan Stanley lowered their price target on Canadian Natural Resources from C$64.00 to C$60.00 in a report on Sunday, October 14th. Six analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus price target of C$55.79.
CNQ stock traded up C$0.92 during midday trading on Friday, hitting C$35.83. 7,570,200 shares of the company’s stock were exchanged, compared to its average volume of 3,132,710. The company has a debt-to-equity ratio of 59.09, a quick ratio of 0.61 and a current ratio of 0.92. Canadian Natural Resources has a 12-month low of C$32.08 and a 12-month high of C$49.08.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, November 1st. The company reported C$1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.87 by C$0.31. The business had revenue of C$5.90 billion for the quarter, compared to analysts’ expectations of C$6.10 billion. As a group, equities research analysts predict that Canadian Natural Resources will post 3.51999981524331 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Monday, December 10th will be issued a $0.335 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.74%. Canadian Natural Resources’s dividend payout ratio (DPR) is 41.69%.
In other news, insider Ronald Keith Laing sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of C$41.82, for a total value of C$108,732.00. Also, insider Allan E. Frankiw sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of C$42.54, for a total value of C$42,540.00. Insiders sold a total of 3,800 shares of company stock valued at $158,950 over the last quarter.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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