Canadian Natural Resources Ltd. (CNQ) Shares Gap Up to $32.40
Canadian Natural Resources Ltd. (NYSE:CNQ) gapped up before the market opened on Thursday . The stock had previously closed at $32.35, but opened at $32.40. Canadian Natural Resources shares last traded at $32.72, with a volume of 1,256,930 shares changing hands.
CNQ has been the subject of a number of research reports. Barclays PLC reissued an “overweight” rating and set a $39.00 price target (up previously from $36.00) on shares of Canadian Natural Resources in a research report on Monday, May 9th. JPMorgan Chase & Co. boosted their price target on Canadian Natural Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. TD Securities reissued a “hold” rating and set a $40.00 price target on shares of Canadian Natural Resources in a research report on Wednesday, August 10th. Macquarie raised Canadian Natural Resources from a “neutral” rating to an “outperform” rating in a research report on Friday, August 5th. Finally, Nomura reissued a “buy” rating on shares of Canadian Natural Resources in a research report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Canadian Natural Resources currently has an average rating of “Buy” and a consensus price target of $38.21.
The stock’s market cap is $35.81 billion. The stock’s 50 day moving average is $31.20 and its 200 day moving average is $28.02.
Canadian Natural Resources (NYSE:CNQ) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.80 billion. On average, equities analysts expect that Canadian Natural Resources Ltd. will post ($0.61) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 16th will be given a dividend of $0.1764 per share. This represents a $0.71 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, September 14th.
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.