News stories about Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Canadian Natural Resource earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 46.9262152645443 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- CANADA STOCKS-TSX up as resource stock gains offset pot pullback (dailymail.co.uk)
- Analysts Expect Canadian Natural Resource Ltd (CNQ) Will Post Quarterly Sales of $3.37 Billion (americanbankingnews.com)
- Zacks: Brokerages Anticipate Canadian Natural Resource Ltd (CNQ) to Post $0.27 Earnings Per Share (americanbankingnews.com)
- TSX falls, weighed down by natural resource stocks – BNN (bnn.ca)
Canadian Natural Resource (NYSE CNQ) traded up $0.41 on Friday, reaching $37.14. The company’s stock had a trading volume of 1,740,909 shares, compared to its average volume of 2,083,300. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market cap of $45,320.00, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.93 and a beta of 1.46. Canadian Natural Resource has a 52 week low of $27.52 and a 52 week high of $37.38.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th were issued a $0.214 dividend. This represents a $0.86 annualized dividend and a yield of 2.30%. The ex-dividend date was Monday, December 11th. Canadian Natural Resource’s dividend payout ratio (DPR) is 49.72%.
CNQ has been the subject of several recent analyst reports. Zacks Investment Research upgraded Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, October 4th. Canaccord Genuity restated a “buy” rating and issued a $48.00 price target on shares of Canadian Natural Resource in a report on Thursday, November 2nd. Finally, Morgan Stanley lifted their price target on Canadian Natural Resource from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.29.
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About Canadian Natural Resource
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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