Canadian Natural Resources Limited Given “Hold” Rating at TD Securities (CNQ)
Canadian Natural Resources Limited (TSE:CNQ)‘s stock had its “hold” rating reaffirmed by investment analysts at TD Securities in a note issued to investors on Friday. They currently have a C$51.00 price target on the stock, down from their previous price target of C$52.00. TD Securities’ price objective suggests a potential upside of 10.63% from the company’s current price.
Shares of Canadian Natural Resources Limited (TSE:CNQ) opened at 46.10 on Friday. Canadian Natural Resources Limited has a 52-week low of $30.45 and a 52-week high of $49.35. The stock’s 50-day moving average is $48.12 and its 200-day moving average is $43.59. The company has a market cap of $50.400 billion and a price-to-earnings ratio of 18.22.
Canadian Natural Resources Limited (TSE:CNQ) last released its earnings data on Friday, August 8th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.07. Analysts expect that Canadian Natural Resources Limited will post $3.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 12th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.95%.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Canadian Natural Resources Limited from C$54.00 to C$57.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Separately, analysts at FirstEnergy Capital raised their price target on shares of Canadian Natural Resources Limited from C$51.00 to C$56.00 in a research note on Monday, June 23rd. They now have a “top pick” rating on the stock. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$50.45.
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 (TSE:CNQ), and natural gas production.
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