Canaccord Genuity lifted their price objective on shares of Canadian Natrl Res (NYSE:CNQ) to $42.00 in a research note issued on Friday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 33.12% from the company’s current price.
A number of other firms have also recently commented on CNQ. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian Natrl Res in a research note to investors on Friday, October 11th. They now have a $42.00 price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Canadian Natrl Res in a research note to investors on Thursday, September 26th. They now have a $38.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.18.
Canadian Natrl Res (NYSE:CNQ) traded up 1.25% during mid-day trading on Friday, hitting $31.55. The stock had a trading volume of 4,316,957 shares. Canadian Natrl Res has a one year low of $26.83 and a one year high of $33.64. The stock’s 50-day moving average is $31.65 and its 200-day moving average is $30.59. The company has a market cap of $34.310 billion and a price-to-earnings ratio of 23.91.
Canadian Natrl Res (NYSE:CNQ) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.09. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter last year, the company posted $0.32 earnings per share. Canadian Natrl Res’s revenue was up 32.8% compared to the same quarter last year. Analysts expect that Canadian Natrl Res will post $2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a dividend of $0.19 per share. This represents a $0.77 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Wednesday, December 11th.
Canadian Natural Resources Limited (NYSE:CNQ) is an independent crude oil and natural gas exploration, development and production company.
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