Canadian Natural Resources Limi which can be found using ticker (CNQ) have now 8 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 73.74 and 58.99 calculating the mean target price we have $66.77. Given that the stocks previous close was at $58.53 this is indicating there is a potential upside of 14.1%. Also worth taking note is the 50 day moving average now sits at $56.72 and the 200 day MA is $55.16. The company has a market cap of $64,519m. You can visit the company’s website by visiting: https://www.cnrl.com
The potential market cap would be $73,602m based on the market consensus.
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). The company’s midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
The company has a dividend yield of 4.56% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 8.36, revenue per share of 37.27 and a 12.06% return on assets.
