Canadian Natural Resources Limited (CNQ) Earning Somewhat Favorable Media Coverage, Report Shows
News articles about Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Canadian Natural Resources Limited earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.834916912646 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Canadian Natural Resources Limited (NYSE:CNQ) traded up 0.67% during mid-day trading on Tuesday, hitting $33.00. The company had a trading volume of 978,706 shares. The company has a market capitalization of $40.10 billion, a price-to-earnings ratio of 29.68 and a beta of 1.45. Canadian Natural Resources Limited has a 1-year low of $27.52 and a 1-year high of $35.28. The company has a 50-day moving average price of $31.56 and a 200-day moving average price of $30.96.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a $0.2212 dividend. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.68%. Canadian Natural Resources Limited’s dividend payout ratio (DPR) is 86.28%.
CNQ has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $36.00 price target on shares of Canadian Natural Resources Limited in a research note on Thursday, June 22nd. Canaccord Genuity restated a “buy” rating and issued a $47.00 price target on shares of Canadian Natural Resources Limited in a research note on Tuesday, September 5th. Zacks Investment Research upgraded Canadian Natural Resources Limited from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 17th. ValuEngine upgraded Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $40.00 to $33.00 in a research note on Friday, July 21st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.18.
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About Canadian Natural Resources Limited
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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