Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $50.85.

CNQ has been the topic of several research reports. Evercore ISI initiated coverage on Canadian Natural Resource in a research report on Wednesday, June 27th. They issued an “inline” rating on the stock. Zacks Investment Research raised Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, July 3rd. ValuEngine lowered Canadian Natural Resource from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Royal Bank of Canada lowered Canadian Natural Resource from a “top pick” rating to an “outperform” rating and set a $38.40 target price on the stock. in a research report on Thursday, September 20th. They noted that the move was a valuation call. Finally, CIBC initiated coverage on Canadian Natural Resource in a research report on Friday, October 5th. They issued a “sector outperform” rating on the stock.

NYSE:CNQ traded down $0.48 during trading hours on Thursday, hitting $28.12. 4,664,681 shares of the company’s stock traded hands, compared to its average volume of 3,018,828. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.00 and a beta of 1.23. Canadian Natural Resource has a twelve month low of $27.53 and a twelve month high of $38.20. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, August 2nd. The oil and gas producer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.50. Canadian Natural Resource had a return on equity of 8.35% and a net margin of 12.34%. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the prior year, the firm posted $0.29 EPS. Equities analysts forecast that Canadian Natural Resource will post 2.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were given a $0.257 dividend. This represents a $1.03 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, September 13th. Canadian Natural Resource’s payout ratio is currently 124.10%.

A number of hedge funds have recently modified their holdings of the business. Stifel Financial Corp boosted its stake in shares of Canadian Natural Resource by 11.8% during the 1st quarter. Stifel Financial Corp now owns 36,048 shares of the oil and gas producer’s stock worth $1,131,000 after acquiring an additional 3,818 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Canadian Natural Resource during the 1st quarter worth about $317,000. Blair William & Co. IL boosted its stake in shares of Canadian Natural Resource by 6.4% during the 1st quarter. Blair William & Co. IL now owns 45,644 shares of the oil and gas producer’s stock worth $1,436,000 after acquiring an additional 2,738 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Canadian Natural Resource by 144.2% during the 1st quarter. Jane Street Group LLC now owns 46,808 shares of the oil and gas producer’s stock worth $1,470,000 after acquiring an additional 27,642 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Canadian Natural Resource by 2.8% during the 1st quarter. Guggenheim Capital LLC now owns 62,443 shares of the oil and gas producer’s stock worth $1,964,000 after acquiring an additional 1,703 shares in the last quarter. 67.06% of the stock is currently owned by institutional investors.

Canadian Natural Resource Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Analyst Recommendations for Canadian Natural Resource (NYSE:CNQ)

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