Canadian Natural Resources Limited (TSE:CNQ) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been assigned a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Eight equities 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 target among brokerages that have updated their coverage on the stock in the last year is C$101.44.

A number of brokerages have commented on CNQ. BMO Capital Markets raised their price objective on Canadian Natural Resources from C$110.00 to C$115.00 in a research report on Thursday, March 28th. Wolfe Research raised shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 18th. Scotiabank dropped their price objective on shares of Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 11th. CIBC lifted 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. Finally, Jefferies Financial Group lowered their price target on shares of Canadian Natural Resources from C$110.00 to C$55.00 and set a “hold” rating on the stock in a report on Monday, July 15th.

Insider Buying and Selling

In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$48.43, for a total value of C$181,612.50. In other news, Senior Officer Victor Clinton Darel sold 2,252 shares of the firm’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of C$104.80, for a total value of C$236,012.98. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction 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. Insiders have sold 6,003 shares of company stock worth $417,729 in the last quarter. 2.21% of the stock is currently owned by company insiders.

Canadian Natural Resources Trading Down 0.5 %

Canadian Natural Resources stock opened at C$47.59 on Friday. Canadian Natural Resources has a 52 week low of C$38.90 and a 52 week high of C$56.49. The company has a debt-to-equity ratio of 31.83, a quick ratio of 0.54 and a current ratio of 0.88. The firm has a market capitalization of C$50.92 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 0.53 and a beta of 1.97. The company has a 50 day moving average price of C$67.84 and a 200 day moving average price of C$86.16.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, May 2nd. The company reported C$1.37 EPS for the quarter, missing the consensus estimate of C$1.40 by C($0.03). Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%. The business had revenue of C$8.24 billion during the quarter, compared to analyst estimates of C$8.17 billion. Research analysts forecast that Canadian Natural Resources will post 6.8572356 EPS for the current year.

Canadian Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were paid a $1.05 dividend. The ex-dividend date was Monday, June 17th. This represents a $4.20 dividend on an annualized basis and a yield of 8.83%. Canadian Natural Resources’s payout ratio is presently 58.65%.

About Canadian Natural Resources

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).