Canadian Natural Resources Ltd (CNQ) To Go Ex-Dividend on December 10th

Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Investors of record on Wednesday, December 11th will be given a dividend of 0.285 per share by the oil and gas producer on Wednesday, January 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Tuesday, December 10th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.28.

Shares of Canadian Natural Resources stock opened at $29.33 on Friday. The stock has a 50 day moving average of $27.09 and a 200 day moving average of $26.07. Canadian Natural Resources has a 12 month low of $21.85 and a 12 month high of $31.77. The firm has a market cap of $33.20 billion, a PE ratio of 13.64, a PEG ratio of 1.69 and a beta of 1.21. The company has a current ratio of 0.60, a quick ratio of 0.45 and a debt-to-equity ratio of 0.53.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.44. Canadian Natural Resources had a return on equity of 7.87% and a net margin of 18.37%. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the business posted $1.11 EPS. As a group, equities research analysts forecast that Canadian Natural Resources will post 2.55 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. National Bank Financial downgraded Canadian Natural Resources from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, October 2nd. CIBC boosted their price target on shares of Canadian Natural Resources from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. ValuEngine raised shares of Canadian Natural Resources from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Wells Fargo & Co downgraded shares of Canadian Natural Resources from a “market perform” rating to an “underperform” rating in a research note on Friday, September 6th. Finally, Tudor Pickering lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. Canadian Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $40.65.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Dividend History for Canadian Natural Resources (NYSE:CNQ)

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