Canadian Natural Resources (TSE:CNQ) Price Target Lowered to C$43.00 at National Bank Financial

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price trimmed by National Bank Financial from C$45.00 to C$43.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on the stock. Tudor Pickering & Holt reiterated a hold rating on shares of MEG Energy in a research note on Friday, June 7th. Evercore ISI cut shares of Suncor Energy from an outperform rating to an in-line rating and cut their target price for the company from C$58.00 to C$54.00 in a research note on Wednesday, April 3rd. TD Securities upped their target price on shares of Lightspeed POS from C$28.00 to C$29.00 and gave the company a buy rating in a research note on Friday, May 31st. Royal Bank of Canada set a $5.00 target price on shares of Akorn and gave the company a hold rating in a research note on Thursday, May 30th. Finally, Evercore cut shares of Suncor Energy from an outperform rating to an in-line rating and cut their target price for the company from C$58.00 to C$54.00 in a research note on Wednesday, April 3rd. Eleven equities research analysts have rated the stock with a buy rating, Canadian Natural Resources presently has a consensus rating of Buy and an average price target of C$48.12.

TSE:CNQ opened at C$34.05 on Tuesday. The firm has a market cap of $40.54 billion and a PE ratio of 13.91. Canadian Natural Resources has a one year low of C$30.11 and a one year high of C$47.93. The firm’s fifty day moving average is C$35.64. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 69.97.



Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, May 9th. The company reported C$0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.45 by C$0.20. The company had revenue of C$5.25 billion for the quarter, compared to analyst estimates of C$4.99 billion. On average, research analysts forecast that Canadian Natural Resources will post 2.7499998 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.41%. The ex-dividend date was Thursday, June 13th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.34. Canadian Natural Resources’s payout ratio is 56.37%.

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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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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