Canadian Natural Resources Limited (TSE:CNQ) Receives Consensus Recommendation of "Hold" from Brokerages

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ has been assigned a consensus rating of "Hold" from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$74.13.

A number of equities analysts have commented on the stock. Raymond James boosted their price objective on shares of Canadian Natural Resources from C$48.00 to C$51.00 and gave the stock a "market perform" rating in a report on Tuesday, October 8th. Wolfe Research upgraded Canadian Natural Resources to a "hold" rating in a research note on Thursday, July 18th. Royal Bank of Canada upped their price objective on Canadian Natural Resources from C$59.00 to C$62.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. BMO Capital Markets raised their target price on Canadian Natural Resources from C$57.50 to C$60.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group upped their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th.

Insider Buying and Selling

In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the business's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of C$47.51, for a total transaction of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. 4.26% of the stock is currently owned by insiders.

Canadian Natural Resources Stock Down 2.4 %

Shares of TSE:CNQ traded down C$1.17 during midday trading on Monday, hitting C$48.22. 5,080,270 shares of the company's stock traded hands, compared to its average volume of 11,981,285. The firm's fifty day moving average price is C$47.54 and its two-hundred day moving average price is C$66.10. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49. The company has a market cap of C$102.71 billion, a PE ratio of 13.74, a P/E/G ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, beating the consensus estimate of C$0.84 by C$0.04. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. The company had revenue of C$9.05 billion for the quarter, compared to analyst estimates of C$8.41 billion. On average, equities research analysts anticipate that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.36%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's dividend payout ratio is presently 60.97%.

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).