Canadian Natural Resources Limited (TSE:CNQ) Given Consensus Rating of “Hold” by Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been assigned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$85.81.

Several equities research analysts have commented on CNQ shares. National Bankshares dropped their target price on Canadian Natural Resources from C$58.00 to C$52.00 in a report on Friday, September 27th. Royal Bank of Canada dropped their price target on shares of Canadian Natural Resources from C$62.00 to C$59.00 in a research note on Tuesday, September 17th. Desjardins raised their price objective 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. Scotiabank decreased their target price on shares of Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating for the company in a report on Tuesday, June 11th. Finally, Wolfe Research upgraded shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, July 18th.

Canadian Natural Resources Trading Down 0.3 %

TSE:CNQ opened at C$46.79 on Thursday. The firm has a market capitalization of C$99.66 billion, a P/E ratio of 13.33, a PEG ratio of 0.53 and a beta of 1.91. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49. The company’s 50-day simple moving average is C$46.97 and its 200 day simple moving average is C$71.91.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.84 by C$0.04. The firm had revenue of C$9.05 billion during the quarter, compared to analyst estimates of C$8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. As a group, analysts forecast that Canadian Natural Resources will post 3.6036866 EPS for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, September 13th. Canadian Natural Resources’s payout ratio is currently 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).