BMO Capital Markets restated their buy rating on shares of Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) in a report issued on Thursday morning.

Several other research analysts have also weighed in on CNQ. Zacks Investment Research lowered shares of Canadian Natural Resources from a buy rating to a hold rating in a research note on Tuesday, August 28th. Royal Bank of Canada lowered shares of Canadian Natural Resources from a top pick rating to an outperform rating and set a $38.40 price objective on the stock. in a research note on Thursday, September 20th. They noted that the move was a valuation call. ValuEngine lowered shares of Canadian Natural Resources from a sell rating to a strong sell rating in a research note on Tuesday, October 2nd. CIBC initiated coverage on shares of Canadian Natural Resources in a research note on Friday, October 5th. They set a sector outperform rating on the stock. Finally, Macquarie lowered shares of Canadian Natural Resources from an outperform rating to a neutral rating in a research note on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $43.23.

NYSE:CNQ traded up $1.34 on Thursday, hitting $27.72. 278,805 shares of the company’s stock were exchanged, compared to its average volume of 3,571,748. The stock has a market capitalization of $32.60 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34. Canadian Natural Resources has a 52 week low of $24.02 and a 52 week high of $38.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.69.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.45. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.71 billion. Canadian Natural Resources had a net margin of 15.94% and a return on equity of 12.33%. During the same period in the previous year, the business earned $0.19 EPS. On average, analysts anticipate that Canadian Natural Resources will post 2.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Monday, December 10th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.02 dividend on an annualized basis and a yield of 3.68%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 124.10%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Canadian Natural Resources by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 33,721,656 shares of the oil and gas producer’s stock worth $1,101,349,000 after acquiring an additional 1,031,712 shares during the period. NorthCoast Asset Management LLC bought a new stake in shares of Canadian Natural Resources during the 3rd quarter worth approximately $4,640,000. Nordea Investment Management AB bought a new stake in shares of Canadian Natural Resources during the 3rd quarter worth approximately $2,198,000. Neuberger Berman Group LLC lifted its holdings in shares of Canadian Natural Resources by 83.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 454,646 shares of the oil and gas producer’s stock worth $14,856,000 after acquiring an additional 207,179 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Canadian Natural Resources by 26.1% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 5,658,538 shares of the oil and gas producer’s stock worth $238,790,000 after acquiring an additional 1,171,000 shares during the period. Institutional investors and hedge funds own 66.30% of the company’s stock.

About Canadian Natural Resources

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 Resources (NYSE:CNQ)

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