Canadian Natural Resources Limited (CNQ) To Go Ex-Dividend on December 13th

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) declared a quarterly dividend on Friday, October 4th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.388 per share by the oil and gas producer on Friday, January 3rd. This represents a $1.55 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38.

Canadian Natural Resources has increased its dividend payment by an average of 29.6% annually over the last three years. Canadian Natural Resources has a dividend payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Canadian Natural Resources to earn $2.33 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 68.7%.

Canadian Natural Resources Stock Down 0.8 %

Canadian Natural Resources stock opened at $32.12 on Wednesday. The firm’s 50 day moving average price is $34.60 and its two-hundred day moving average price is $34.95. The firm has a market cap of $67.79 billion, a PE ratio of 12.50 and a beta of 1.47. Canadian Natural Resources has a twelve month low of $29.45 and a twelve month high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, research analysts predict that Canadian Natural Resources will post 2.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CNQ shares. StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold” and a consensus price target of $51.00.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 (thermal oil), and synthetic crude oil (SCO).