News coverage about Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news 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 media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 47.2888292406678 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Canadian Natural Resources Limited (CNQ) returned -0.50% Monthly Low Performance – The Stocks News (press release) (thestocksnews.com)
- Long-Term Trade Secrets – Canadian Natural Resources Limited, (NYSE: CNQ) – Stock Watch (stocksnewstimes.com)
- Canadian Natural Resources Limited (CNQ) Ex-Dividend Date Scheduled for March 15, 2018 – Nasdaq (nasdaq.com)
- Hot Stock Analysis – Canadian Natural Resources Limited, (NYSE: CNQ) – Stock Watch (stocksnewstimes.com)
- Analyze Stocks Using Technical Indicators – Canadian Natural Resources Limited (CNQ) – Wall Street Morning (wallstreetmorning.com)
Several brokerages recently commented on CNQ. Zacks Investment Research raised Canadian Natural Resource from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research report on Tuesday, January 9th. Wells Fargo & Co cut Canadian Natural Resource from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 6th. AltaCorp Capital reissued a “buy” rating and set a $52.00 price target on shares of Canadian Natural Resource in a research report on Monday, January 15th. UBS Group began coverage on Canadian Natural Resource in a research report on Wednesday, March 7th. They set a “buy” rating for the company. Finally, Morgan Stanley increased their price target on Canadian Natural Resource from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $44.67.
Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, March 1st. The oil and gas producer reported $368.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $368.22. Canadian Natural Resource had a return on equity of 4.21% and a net margin of 14.29%. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.56 billion. analysts forecast that Canadian Natural Resource will post 2.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 16th will be given a $0.261 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.49%. This is a boost from Canadian Natural Resource’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 15th. Canadian Natural Resource’s dividend payout ratio (DPR) is presently 56.41%.
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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