Canadian Natural Resources Limited Given Average Recommendation of “Buy” by Brokerages (TSE:CNQ)
Canadian Natural Resources Limited (TSE:CNQ) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are presently covering the stock, Stock Ratings Network.com reports. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$50.45.
Canadian Natural Resources Limited (TSE:CNQ) opened at 46.10 on Wednesday. Canadian Natural Resources Limited has a 52-week low of $30.45 and a 52-week high of $49.57. The stock has a 50-day moving average of $48.12 and a 200-day moving average of $43.59. The company has a market cap of $50.346 billion and a P/E ratio of 18.22.
Canadian Natural Resources Limited (TSE:CNQ) last issued its quarterly 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 $3.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.95%.
A number of research firms have recently commented on CNQ. Analysts at TD Securities reiterated a “hold” rating on shares of Canadian Natural Resources Limited in a research note on Friday. They now have a C$51.00 price target on the stock, down previously from C$52.00. Separately, 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. Finally, 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.