Canadian Natural Resources Limited (TSE:CNQ – Get Free Report) (NYSE:CNQ) has received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$85.81.
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Canadian Natural Resources from C$52.00 to C$49.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Wolfe Research upgraded shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 18th. Desjardins lifted their target price on shares of Canadian Natural Resources from C$55.00 to C$56.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada cut their target price on shares of Canadian Natural Resources from C$62.00 to C$59.00 in a research note on Tuesday, September 17th. Finally, Gerdes Energy Research lowered shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a report on Friday.
Read Our Latest Stock Report on Canadian Natural Resources
Canadian Natural Resources Stock Up 0.8 %
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.04. The firm had revenue of C$9.05 billion during the quarter, compared to analysts’ expectations of C$8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. Equities analysts predict that Canadian Natural Resources will post 3.6036866 EPS for the current fiscal year.
Canadian Natural Resources Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Friday, September 13th. Canadian Natural Resources’s dividend payout ratio is presently 59.26%.
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).
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