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 72.91 and 59.79 calculating the average target price we see $66.58. Now with the previous closing price of $51.56 and the analysts are correct then there would likely be a percentage uptick in value of 29.1%. It’s also worth noting that there is a 50 day moving average of $57.53 and the 200 day MA is $55.54. The market capitalization for the company is $58,403m. Company Website: https://www.cnrl.com
The potential market cap would be $75,416m 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 synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil 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 5.23% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 7.57, revenue per share of 37.27 and a 12.06% return on assets.
