Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price cut by JPMorgan Chase & Co. from C$48.00 to C$46.00 in a report issued on Wednesday morning.
Other analysts also recently issued reports about the stock. BMO Capital Markets dropped their price objective on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a report on Tuesday, October 9th. GMP Securities dropped their price objective on shares of Canadian Natural Resources from C$48.00 to C$47.00 in a report on Thursday, December 13th. Cormark dropped their price objective on shares of Canadian Natural Resources from C$58.00 to C$55.00 in a report on Tuesday, October 9th. CIBC reaffirmed an outperform rating and set a C$55.00 price objective on shares of Canadian Natural Resources in a report on Friday, October 5th. Finally, Raymond James reaffirmed an outperform rating and set a C$65.00 price objective on shares of Canadian Natural Resources in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of C$51.21.
CNQ opened at C$36.05 on Wednesday. The company has a debt-to-equity ratio of 59.09, a current ratio of 0.92 and a quick ratio of 0.61. Canadian Natural Resources has a one year low of C$30.11 and a one year high of C$49.08.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 1st. Shareholders of record on Monday, December 10th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 3.72%. The ex-dividend date was Friday, December 7th. Canadian Natural Resources’s dividend payout ratio is presently 41.69%.
About Canadian Natural Resources
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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