In yesterday’s Wall Street session, Canadian Natural Resources Limited (NYSE:CNQ) shares traded at $61.65, down -1.88% from the previous session.
22 analysts cover Canadian Natural Resources Limited (NYSE:CNQ), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $77.53 and a low of $60.23, we find $69.56. Given the previous closing price of $62.83, this indicates a potential upside of 10.71 percent. CNQ stock price is now 0.40% away from the 50-day moving average and 6.65% away from the 200-day moving average. The market capitalization of the company currently stands at $67.69B.
The stock has received a hold rating from 8 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $68.94 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 T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $586,130,000. MUFG SECURITIES EMEA PLC invested $374,326,000 in shares of CNQ during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Canadian Natural Resources Limited valued at approximately $40,726,000. STATE OF TENNESSEE, TREASURY DEPARTMENT acquired a new stake in CNQ for approximately $38,117,000. POINT72 EUROPE (LONDON) LLP purchased a new stake in CNQ valued at around $25,580,000 in the second quarter. In total, there are 777 active investors with 66.60% ownership of the company’s stock.
During the past 12 months, Canadian Natural Resources Limited has had a low of $44.45 and a high of $66.18. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 0.70, and a quick ratio of 0.50. The fifty day moving average price for CNQ is $61.48 and a two-hundred day moving average price translates $57.81 for the stock.
The latest earnings results from Canadian Natural Resources Limited (NYSE: CNQ) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.85, beating analysts’ expectations of $0.79 by 0.06. This compares to $2.35 EPS in the same period last year. The net profit margin was 20.70% and return on equity was 19.80% for CNQ. The company reported revenue of $5.87 billion for the quarter, compared to $8.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.69 percent. For the current quarter, analysts expect CNQ to generate $6.58B in revenue.
In terms of dividend payout ratio, CNQ is presently at 66.90%.
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.
