Canadian Natural Resources Limited, a Canadian oil and gas producer listed on the New York Stock Exchange (CNQ:NYE) and Toronto Stock Exchange (CNQ:TSX), has received an average rating of “Moderate Buy” from thirteen brokerages covering the CNQ stock. The average price target over the next twelve months among the analysts that issued a report on the CNQ stock in the past year is $91.13.
CNQ Stock-Analyst Ratings:
Recently, several analysts have weighed in on Canadian Natural Resources Limited’s stock. Stifel Nicolaus initiated coverage with a “buy” rating, while Scotiabank lowered its price target from C$91.00 to C$86.00. Stifel Firstegy reaffirmed a “buy” rating.
CNQ Stock Price Analysis:
On Friday, company’s stock opened at $58.53, a 0.7% decrease. The company has a market capitalization of $64.40 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 0.83, and a beta of 1.56.
The company has a quick ratio of 0.61, a current ratio of 0.82, and a debt-to-equity ratio of 0.29. The stock’s fifty-day simple moving average is $56.66, and its 200-day simple moving average is $56.38. The company’s 52-week low is $44.45, and its 52-week high is $70.60.
Quarterly Earnings Review:
On March 2nd, Canadian Natural Resources Limited reported earnings per share of $1.44 for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.17).
The business had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $7.04 billion. The company had a return on equity of 33.18% and a net margin of 22.20%. Equities research analysts anticipate Canadian Natural Resources Limited to post 5.76 EPS for the current year.
CNQ Stock Dividend:
The company recently declared a quarterly dividend of $0.676, which was paid on April 5th. Shareholders of record on March 17th were given the dividend.
This is an increase from the previous quarterly dividend of $0.62, resulting in an annualized dividend of $2.70 and a yield of 4.62%. The ex-dividend date of this dividend was March 16th. Canadian Natural Resources Limited’s dividend payout ratio is currently 35.83%.
Institutional Investors Holdings:
Several large investors have recently modified their holdings of CNQ. Money Concepts Capital Corp bought a new position in the company’s shares during the fourth quarter, while Ronald Blue Trust Inc. lifted its position in the shares by 198.4% during the same period. Institutional investors own 70.92% of the company’s stock.
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.