Canadian Natural Resources Limited (TSE:CNQ) Receives Average Recommendation of "Moderate Buy" from Analysts

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ has received an average recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$104.88.

CNQ has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a research note on Tuesday, April 9th. Stifel Nicolaus upped their target price on shares of Canadian Natural Resources from C$110.00 to C$126.00 and gave the company a "buy" rating in a research note on Tuesday, April 23rd. National Bankshares upped their target price on shares of Canadian Natural Resources from C$94.00 to C$120.00 and gave the company a "sector perform" rating in a research note on Friday, April 19th. JPMorgan Chase & Co. upped their target price on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research note on Monday, March 4th. Finally, CIBC upped their target price on shares of Canadian Natural Resources from C$105.00 to C$115.00 and gave the company an "outperform" rating in a research note on Monday, April 22nd.

Canadian Natural Resources Stock Down 0.7 %

Canadian Natural Resources stock traded down C$0.36 during mid-day trading on Tuesday, reaching C$48.37. The stock had a trading volume of 6,861,135 shares, compared to its average volume of 12,322,050. The company has a market capitalization of C$51.76 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.53 and a beta of 1.97. The company has a 50-day moving average price of C$91.31 and a two-hundred day moving average price of C$91.72. Canadian Natural Resources has a one year low of C$35.08 and a one year high of C$56.49. The company has a debt-to-equity ratio of 31.83, a current ratio of 0.88 and a quick ratio of 0.54.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last announced its quarterly 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 the consensus estimate of C$8.17 billion. Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%. On average, analysts expect that Canadian Natural Resources will post 6.8572356 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 8.68%. The ex-dividend date of this dividend is Monday, June 17th. Canadian Natural Resources's dividend payout ratio is 58.65%.

Insider Buying and Selling

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$48.43, for a total transaction of C$181,612.50. In related news, Director Stephen W. Laut acquired 414 shares of the business's stock in a transaction on Tuesday, April 2nd. The stock was acquired at an average cost of C$105.70 per share, with a total value of C$43,760.71. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$48.43, for a total value of C$181,612.50. In the last ninety days, insiders sold 12,667 shares of company stock valued at $880,579. 2.21% of the stock is owned by corporate insiders.

Canadian Natural Resources Company Profile

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).