Canadian Natural Resources Limited (TSE:CNQ – Get Free Report) NYSE: CNQ has been rated as “Hold” by fifteen brokerages currently covering the company, according to Marketbeat Ratings. Among these, eight investment analysts have given the stock a hold rating, while seven have issued a buy rating. The average one-year price target among these brokerages is C$74.13.
Recently, several research firms provided their insights on CNQ. BMO Capital Markets increased their target price on Canadian Natural Resources from C$57.50 to C$60.00 and rated the stock as “outperform.” Similarly, Royal Bank of Canada raised their price target to C$62.00 and gave the company an “outperform” rating. National Bankshares also lifted their price target to C$53.00, rating the stock as “sector perform.” Furthermore, Wolfe Research upgraded Canadian Natural Resources to a “hold” rating, while CIBC increased their price target to C$59.00.
On the stock performance front, TSE CNQ opened at C$49.39 on Monday with a market cap of C$105.20 billion. The company has a P/E ratio of 14.07, a P/E/G ratio of 0.53, and a beta of 1.89. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49. The company’s debt-to-equity ratio is 29.64, with a current ratio of 0.88 and a quick ratio of 0.54. Analysts predict that Canadian Natural Resources will post 3.833989 EPS for the current year.
Furthermore, Canadian Natural Resources recently announced a quarterly dividend to be paid on Friday, January 3rd. Investors of record on Friday, December 13th will receive a dividend of $0.525 per share. This amounts to a $2.10 dividend on an annualized basis, with a yield of 4.25%. The ex-dividend date for this dividend is Friday, December 13th. The dividend payout ratio for Canadian Natural Resources currently stands at 60.97%.
In terms of insider trading, Senior Officer Devin Craig Lowe and Senior Officer Trevor Wagil have recently sold shares of the company’s stock. Devin Craig Lowe sold 3,750 shares at an average price of C$49.04, while Trevor Wagil sold 4,272 shares at C$47.51. Overall, 4.26% of the stock is currently owned by insiders.
Canadian Natural Resources Limited is involved in acquiring, exploring, developing, producing, marketing, and selling crude oil, natural gas, and natural gas liquids (NGLs). The company offers various types of crude oil, including light, medium, primary heavy, Pelican Lake heavy, bitumen, and synthetic crude oil.
In conclusion, while Canadian Natural Resources has received a “Hold” rating from analysts, there are other stocks recommended by top-rated analysts that could be better investment options. It is essential for investors to consider all factors before making investment decisions.
