Media headlines about Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Canadian Natural Resources Limited earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 45.6622685588518 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Canadian Natural Resources Limited (CNQ) Receives C$51.00 Consensus PT from Brokerages (newstrendstoday.com)
- Pioneer Natural Resources Company (PXD) Price Target Cut to $136.00 (vothemes.com)
- Canadian Natural Resources Limited (NYSE:CNQ) Stake Boosted by Sei Investments Co (elcumanes.com)
- Canadian Natural Resources Limited (CNQ) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Canadian Natural Resources among bidders for Cenovus’ Pelican Lake: Report – BNN (bnn.ca)
Several brokerages recently commented on CNQ. BidaskClub raised Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Citigroup Inc. downgraded Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and lowered their target price for the company from $40.00 to $33.00 in a research report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley upgraded Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Canadian Natural Resources Limited from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $45.50.
Canadian Natural Resources Limited (CNQ) traded down 0.35% on Friday, hitting $31.20. The stock had a trading volume of 1,856,311 shares. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $35.28. The stock has a market cap of $37.91 billion, a PE ratio of 28.11 and a beta of 1.48. The firm’s 50 day moving average price is $30.01 and its 200-day moving average price is $30.65.
Canadian Natural Resources Limited declared that its board has initiated a share buyback program on Wednesday, May 17th that allows the company to repurchase 27,930,000 outstanding shares. This repurchase authorization allows the oil and gas producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be given a $0.2212 dividend. This is an increase from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, September 14th. Canadian Natural Resources Limited’s dividend payout ratio (DPR) is presently 78.43%.
About Canadian Natural Resources Limited
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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