Canadian Natural Resource (CNQ) Receives Coverage Optimism Rating of -1.86

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News coverage about Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) has trended somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Natural Resource earned a coverage optimism score of -1.86 on their scale. InfoTrie also gave press coverage about the oil and gas producer an news buzz score of 7 out of 10, meaning that recent press coverage is likely to have an impact on the stock’s share price in the next few days.

A number of equities research analysts recently commented on the stock. ValuEngine cut shares of Canadian Natural Resource from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. CIBC assumed coverage on shares of Canadian Natural Resource in a report on Friday, October 5th. They issued a “sector outperform” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Canadian Natural Resource in a report on Friday, November 2nd. Zacks Investment Research cut shares of Canadian Natural Resource from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Morgan Stanley lowered their price target on shares of Canadian Natural Resource from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.60.

CNQ stock traded down $0.84 during midday trading on Friday, reaching $28.16. 5,641,045 shares of the company’s stock traded hands, compared to its average volume of 3,879,876. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.69. Canadian Natural Resource has a 52 week low of $26.90 and a 52 week high of $38.20. The stock has a market capitalization of $35.43 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 1.78 and a beta of 1.37.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, November 1st. The oil and gas producer reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.45. Canadian Natural Resource had a net margin of 15.94% and a return on equity of 12.33%. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the previous year, the firm posted $0.19 EPS. Equities research analysts anticipate that Canadian Natural Resource will post 2.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Monday, December 10th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.02 dividend on an annualized basis and a yield of 3.62%. Canadian Natural Resource’s payout ratio is 124.10%.

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Canadian Natural Resource Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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