Canadian Natural Resources Limited (TSE:CNQ) Given Consensus Recommendation of "Moderate Buy" by Analysts

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ has been given an average rating of "Moderate Buy" by the thirteen analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$105.73.

A number of research firms have issued reports on CNQ. CIBC boosted their price target on Canadian Natural Resources from C$95.00 to C$105.00 and gave the company an "outperform" rating in a research report on Friday, March 22nd. Wells Fargo & Company lowered their price target on Canadian Natural Resources from C$95.00 to C$86.00 in a research report on Thursday, December 14th. UBS Group boosted their price target on Canadian Natural Resources from C$113.00 to C$124.00 in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. Finally, Jefferies Financial Group lowered their price target on Canadian Natural Resources from C$98.00 to C$96.00 and set a "hold" rating for the company in a research report on Monday, December 18th.

Insider Buying and Selling

In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the business's stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total value of C$332,430.00. In other Canadian Natural Resources news, Senior Officer Kyle Grayson Pisio sold 2,300 shares of the company's stock in a transaction that occurred on Monday, January 15th. The stock was sold at an average price of C$88.49, for a total transaction of C$203,527.00. Also, Senior Officer Warren Paul Raczynski sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total value of C$332,430.00. Over the last 90 days, insiders have sold 334,663 shares of company stock worth $32,771,378. 2.21% of the stock is currently owned by corporate insiders.

Canadian Natural Resources Trading Down 1.5 %

Shares of TSE:CNQ traded down C$1.65 during midday trading on Thursday, reaching C$110.96. The company's stock had a trading volume of 7,042,776 shares, compared to its average volume of 6,461,907. The firm has a market cap of C$118.73 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 31.01. Canadian Natural Resources has a 1 year low of C$69.83 and a 1 year high of C$112.99. The business has a 50 day moving average price of C$95.42 and a 200 day moving average price of C$90.34.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last announced its quarterly earnings data on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, beating analysts' consensus estimates of C$2.14 by C$0.20. The business had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. Research analysts forecast that Canadian Natural Resources will post 7.4656696 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $1.05 dividend. This is a boost from Canadian Natural Resources's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.20 annualized dividend and a dividend yield of 3.79%. Canadian Natural Resources's payout ratio is 51.54%.

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).