Canadian Natural Resource Receives Sector Outperform Rating from Scotiabank (CNQ)
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Canadian Natural Resource to $53.00 in a research note on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at FirstEnergy Capital upgraded shares of Canadian Natural Resource from an “outperform” rating to a “top pick” rating in a research note on Monday, May 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Canadian Natural Resource in a research note on Wednesday, April 30th. They now have a $43.00 price target on the stock. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $42.94.
Canadian Natural Resource (NYSE:CNQ) traded up 0.62% on Wednesday, hitting $43.86. 2,074,565 shares of the company’s stock traded hands. Canadian Natural Resource has a 52 week low of $26.98 and a 52 week high of $44.47. The stock’s 50-day moving average is $41.18 and its 200-day moving average is $36.92. The company has a market cap of $47.951 billion and a price-to-earnings ratio of 19.23.
Canadian Natural Resource (NYSE:CNQ) last released its earnings data on Thursday, May 8th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.04. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the company posted $0.37 earnings per share. Canadian Natural Resource’s revenue was up 21.1% compared to the same quarter last year. Analysts expect that Canadian Natural Resource will post $3.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.2054 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, June 11th.
Canadian Natural Resources Limited is a Canadian independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas liquids (NYSE:CNQ), and natural gas production.
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