News articles about Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) have been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Canadian Natural Resource earned a coverage optimism score of -1.86 on their scale. InfoTrie also assigned news headlines about the company an news buzz score of 7 out of 10, meaning that recent press coverage is likely to have an impact on the stock’s share price in the next few days.
A number of analysts have recently weighed in on CNQ shares. Canaccord Genuity lowered their price target on Canadian Natural Resource from C$60.00 to C$55.00 in a report on Wednesday, October 24th. Morgan Stanley lowered their price target on Canadian Natural Resource from C$64.00 to C$60.00 in a report on Sunday, October 14th. BMO Capital Markets lowered their price target on Canadian Natural Resource from C$60.00 to C$58.00 in a report on Tuesday, October 9th. Cormark lowered their price target on Canadian Natural Resource from C$58.00 to C$55.00 in a report on Tuesday, October 9th. Finally, Royal Bank of Canada boosted their price target on Canadian Natural Resource from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of C$57.92.
CNQ traded down C$1.02 on Friday, reaching C$37.16. The stock had a trading volume of 6,910,500 shares, compared to its average volume of 3,054,210. Canadian Natural Resource has a fifty-two week low of C$35.31 and a fifty-two week high of C$49.08. The company has a quick ratio of 0.73, a current ratio of 1.02 and a debt-to-equity ratio of 66.02.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders 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 yield of 3.61%. Canadian Natural Resource’s payout ratio is presently 59.51%.
In related news, insider Allan E. Frankiw sold 1,000 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of C$42.54, for a total transaction of C$42,540.00. Also, insider Betty Yee sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of C$43.98, for a total value of C$65,970.00. In the last three months, insiders sold 7,800 shares of company stock valued at $329,695.
About Canadian Natural Resource
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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