Canadian Natural Resource Given Average Recommendation of “Buy” by Analysts (NYSE:CNQ)
Canadian Natural Resource (NYSE:CNQ) has earned an average recommendation of “Buy” from the fourteen brokerages that are covering the company, AnalystRatingsNetwork reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.40.
A number of analysts have recently weighed in on CNQ shares. Analysts at Howard Weil initiated coverage on shares of Canadian Natural Resource in a research note on Thursday, August 14th. They set a “sector perform” rating on the stock. Separately, analysts at CIBC set a $57.00 price target on shares of Canadian Natural Resource in a research note on Thursday, July 17th. Finally, analysts at BMO Capital Markets upgraded shares of Canadian Natural Resource from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 7th.
Canadian Natural Resource (NYSE:CNQ) traded down 0.33% during mid-day trading on Thursday, hitting $42.93. 219,297 shares of the company’s stock traded hands. Canadian Natural Resource has a 52 week low of $30.42 and a 52 week high of $46.65. The stock’s 50-day moving average is $43.46 and its 200-day moving average is $40.85. The company has a market cap of $46.884 billion and a price-to-earnings ratio of 15.83.
Canadian Natural Resource (NYSE:CNQ) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 44.5% on a year-over-year basis. Analysts expect that Canadian Natural Resource will post $3.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a dividend of $0.2061 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, September 10th.
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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