Canadian Natural Resources Limited (TSE:CNQ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$104.88.

Several equities analysts recently weighed in on CNQ shares. UBS Group increased their price target on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a report on Tuesday, April 9th. Raymond James reduced their target price on shares of Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating for the company in a report on Wednesday, June 12th. Evercore upped their price target on shares of Canadian Natural Resources from C$105.00 to C$115.00 in a report on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on Canadian Natural Resources from C$102.00 to C$106.00 in a research note on Monday, March 4th. Finally, ATB Capital raised their target price on Canadian Natural Resources from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Director Stephen W. Laut acquired 414 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was bought at an average price of C$105.70 per share, for a total transaction of C$43,760.71. In other Canadian Natural Resources news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total value of C$332,430.00. Also, Director Stephen W. Laut acquired 414 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was acquired at an average price of C$105.70 per share, with a total value of C$43,760.71. In the last 90 days, insiders have sold 12,667 shares of company stock worth $880,579. Corporate insiders own 2.21% of the company’s stock.

Canadian Natural Resources Trading Down 0.2 %

Shares of Canadian Natural Resources stock opened at C$48.73 on Tuesday. Canadian Natural Resources has a 12-month low of C$35.81 and a 12-month high of C$56.49. The firm’s 50 day simple moving average is C$87.87 and its two-hundred day simple moving average is C$90.92. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 31.83. The firm has a market capitalization of C$52.14 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.53 and a beta of 1.97.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, May 2nd. The company reported C$1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.40 by C($0.03). The firm had revenue of C$8.24 billion during the quarter, compared to analysts’ expectations of C$8.17 billion. Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%. Analysts predict that Canadian Natural Resources will post 6.8572356 EPS for the current year.

Canadian Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date is Monday, June 17th. Canadian Natural Resources’s dividend payout ratio is presently 58.65%.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 (thermal oil), and synthetic crude oil (SCO).