Media coverage about Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Natural Resources earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 45.6444442330529 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s rankings:
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$4.23 Billion in Sales Expected for Canadian Natural Resources (CNQ) This Quarter (americanbankingnews.com) Investor’s Roundup (Intraday Analysis) Canadian Natural Resources Limited (NYSE:CNQ) (thestockgem.com) Zacks: Analysts Expect Canadian Natural Resources (CNQ) Will Announce Earnings of $0.56 Per Share (americanbankingnews.com) A Broad Rule of Thumb For PEG Ratio Canadian Natural Resources Limited (NYSE:CNQ) (nasdaqjournal.com) Oilsands tailings pond approval terms shortened for former Shell facilities (cbc.ca)
A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Canadian Natural Resources from $55.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, May 23rd. Zacks Investment Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, May 1st. Wells Fargo & Co lowered Canadian Natural Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 6th. Finally, UBS assumed coverage on Canadian Natural Resources in a research report on Wednesday, March 7th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Canadian Natural Resources presently has a consensus rating of “Hold” and a consensus price target of $46.50.
Shares of Canadian Natural Resources traded down $0.08, reaching $34.27, during trading on Tuesday, according to Marketbeat Ratings. The stock had a trading volume of 3,464,924 shares, compared to its average volume of 2,887,249. Canadian Natural Resources has a one year low of $27.52 and a one year high of $38.20. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $42.20 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 2.78 and a beta of 1.32.
Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, May 3rd. The oil and gas producer reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.14. Canadian Natural Resources had a return on equity of 6.36% and a net margin of 14.43%. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the business earned $0.25 EPS. equities analysts predict that Canadian Natural Resources will post 2.25 earnings per share for the current year.
Canadian Natural Resources announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 14th that permits the company to repurchase 61,300,000 shares. This repurchase authorization permits the oil and gas producer to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 15th will be issued a $0.2609 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.04%. Canadian Natural Resources’s dividend payout ratio (DPR) is 125.30%.
Canadian Natural Resources 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.