Canadian Natural Resources (CNQ) PT Lowered to C$47.00 at National Bank Financial

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target lowered by National Bank Financial from C$49.00 to C$47.00 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on CNQ. CSFB upped their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Thursday, March 14th. Canaccord Genuity upped their price objective on shares of Canadian Natural Resources from C$45.00 to C$50.00 in a report on Tuesday, April 9th. TD Securities upped their price objective on shares of Canadian Natural Resources from C$42.00 to C$43.00 and gave the stock a buy rating in a report on Friday, March 8th. Barclays cut their price objective on shares of Canadian Natural Resources from C$49.00 to C$46.00 in a report on Thursday, January 10th. Finally, Raymond James restated an outperform rating and issued a C$45.00 price objective on shares of Canadian Natural Resources in a report on Friday, February 8th. Nine research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus price target of C$47.69.

CNQ stock opened at C$36.64 on Friday. Canadian Natural Resources has a 1 year low of C$30.11 and a 1 year high of C$49.08. The stock has a market capitalization of $45.52 billion and a P/E ratio of 17.28. The company has a quick ratio of 0.37, a current ratio of 0.63 and a debt-to-equity ratio of 64.50.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, March 7th. The company reported C($0.09) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C($0.09). The company had revenue of C$3.70 billion during the quarter, compared to the consensus estimate of C$5.27 billion. On average, equities analysts anticipate that Canadian Natural Resources will post 3.01999987513385 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Thursday, June 13th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.34. Canadian Natural Resources’s dividend payout ratio is 65.09%.

In other Canadian Natural Resources news, Senior Officer Kendall W. Stagg sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$39.67, for a total value of C$198,350.00. Following the sale, the insider now owns 77,421 shares in the company, valued at C$3,071,291.07.

Canadian Natural Resources Company Profile

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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