Canadian Natural Resource (CNQ) Getting Favorable Press Coverage, Report Finds

Headlines about Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) have trended positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Natural Resource earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 45.8920669531226 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Canadian Natural Resource (NYSE:CNQ) traded up $0.10 during trading on Tuesday, reaching $33.80. 2,194,332 shares of the company were exchanged, compared to its average volume of 2,451,302. The stock has a market cap of $40,271.71, a price-to-earnings ratio of 36.33, a PEG ratio of 8.35 and a beta of 1.46. Canadian Natural Resource has a 1 year low of $27.52 and a 1 year high of $36.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.56.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be paid a $0.214 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, December 11th. Canadian Natural Resource’s dividend payout ratio is presently 50.89%.

Several equities research analysts have recently issued reports on CNQ shares. Zacks Investment Research lowered shares of Canadian Natural Resource from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Morgan Stanley raised their price target on shares of Canadian Natural Resource from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price target on shares of Canadian Natural Resource in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $45.71.

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Canadian Natural Resource Company Profile

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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