Canadian Natural Resource (NYSE:CNQ) was upgraded by equities research analysts at Veritas Investment Research to a buy rating in a research note issued to investors on Tuesday.

Canadian Natural Resource (NYSE:CNQ ) traded down 1.11% during mid-day trading on Tuesday, hitting $28.835. The stock had a trading volume of 1,967,572 shares. Canadian Natural Resource has a 52 week low of $26.13 and a 52 week high of $46.65. The stock has a 50-day moving average of $30.02 and a 200-day moving average of $33.83. The company has a market cap of $31.503 billion and a price-to-earnings ratio of 10.17.

Canadian Natural Resource (NYSE:CNQ) last released its earnings data on Thursday, March 5th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.42. During the same quarter in the prior year, the company posted $0.52 earnings per share. Analysts expect that Canadian Natural Resource will post $0.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be given a dividend of $0.1853 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 12th.

A number of other analysts have also recently weighed in on CNQ. Analysts at Cormark upgraded shares of Canadian Natural Resource from a market perform rating to a buy rating in a research note on Friday. Analysts at Citigroup Inc. reiterated a hold rating and set a $34.00 price target (up previously from $28.00) on shares of Canadian Natural Resource in a research note on Friday. Analysts at RBC Capital raised their price target on shares of Canadian Natural Resource from $41.00 to $43.00 and gave the company an outperform rating in a research note on Friday. Finally, analysts at TheStreet downgraded shares of Canadian Natural Resource from a buy rating to a hold rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the companys stock. The company currently has a consensus rating of Buy and a consensus target price of $47.86.

Canadian Natural Resources Limited is a Canadian independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas liquids (NYSE:CNQ ), and natural gas production.

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