Stocks of Canadian Natural Resources Limited (NYSE:CNQ) traded higher last session on Wall Street, up 1.68% to $56.98.
According to the data, Canadian Natural Resources Limited (NYSE:CNQ) has 21 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $73.99 and a low of $59.12, we find $67.37. Given the previous closing price of $56.04, this indicates a potential upside of 20.22 percent. CNQ stock price is now 1.79% away from the 50-day moving average and 0.77% away from the 200-day moving average. The market capitalization of the company currently stands at $61.05B.
A total of 7 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $67.10 as their price target over the next twelve months.
A total of 3.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CNQ stock. A new stake in Canadian Natural Resources Limited shares was purchased by CANOE FINANCIAL LP during the first quarter worth $138,715,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $38,201,000 in shares of CNQ during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Canadian Natural Resources Limited valued at approximately $27,396,000. LOOMIS SAYLES & CO L P acquired a new stake in CNQ for approximately $25,580,000. ERGOTELES LLC purchased a new stake in CNQ valued at around $16,029,000 in the second quarter. In total, there are 774 active investors with 66.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $56.61 for Canadian Natural Resources Limited (NYSE: CNQ). During the past 12 months, Canadian Natural Resources Limited has had a low of $43.67 and a high of $62.57. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 0.80, and a quick ratio of 0.60. The fifty day moving average price for CNQ is $55.93 and a two-hundred day moving average price translates $56.57 for the stock.
The latest earnings results from Canadian Natural Resources Limited (NYSE: CNQ) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.28, beating analysts’ expectations of $1.27 by 0.01. This compares to $2.07 EPS in the same period last year. The net profit margin was 23.90% and return on equity was 25.00% for CNQ. The company reported revenue of $6.38 billion for the quarter, compared to $8.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.33 percent. For the current quarter, analysts expect CNQ to generate $4.93B in revenue.
In terms of dividend payout ratio, CNQ is presently at 50.70%.
Canadian Natural Resources Limited(CNQ) 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). The company’s midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
