Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) has been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $56.00.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Canadian Natural Resource from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. CIBC assumed coverage on shares of Canadian Natural Resource in a report on Friday, October 5th. They set a “sector outperform” rating for the company. Royal Bank of Canada reiterated a “buy” rating on shares of Canadian Natural Resource in a report on Friday, November 2nd. Zacks Investment Research lowered shares of Canadian Natural Resource from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Morgan Stanley decreased their price objective on shares of Canadian Natural Resource from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, October 12th.
Large investors have recently bought and sold shares of the company. Worth Venture Partners LLC bought a new stake in shares of Canadian Natural Resource in the 3rd quarter valued at about $131,000. Legacy Financial Advisors Inc. bought a new stake in shares of Canadian Natural Resource in the 3rd quarter valued at about $148,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Canadian Natural Resource in the 3rd quarter valued at about $153,000. Cubist Systematic Strategies LLC raised its holdings in shares of Canadian Natural Resource by 50.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Canadian Natural Resource by 19,853.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,986 shares of the oil and gas producer’s stock valued at $197,000 after purchasing an additional 5,956 shares in the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.
Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.45. Canadian Natural Resource had a net margin of 15.94% and a return on equity of 12.33%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the business posted $0.19 EPS. On average, equities analysts anticipate that Canadian Natural Resource will post 2.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Monday, December 10th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.02 annualized dividend and a dividend yield of 3.76%. Canadian Natural Resource’s dividend payout ratio is currently 124.10%.
Canadian Natural Resource 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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