Canadian Natural Resources (CNQ, Financial) has made a strategic move by increasing its quarterly dividend by 4% to CAD 0.5875 per share. This comes despite a noted decline in both quarterly and annual earnings year-over-year. Interestingly, the stock held its ground even as broader markets took a hit from new U.S. tariffs.
Key Insights for Investors
- Canadian Natural Resources (CNQ, Financial) boosts dividend amid challenging earnings.
- Analysts predict a potential 35.78% upside with a target price of $37.45.
- Current recommendation for CNQ stands at "Outperform" based on analyst consensus.
Analyst Price Targets and Ratings
According to predictions from eight analysts, the average one-year price target for Canadian Natural Resources Ltd (CNQ, Financial) is set at $37.45. Estimates range with a high of $44.29 and a low of $30.93, suggesting a solid upside of 35.78% from the current price of $27.58. For those seeking more in-depth data, visit the Canadian Natural Resources Ltd (CNQ) Forecast page.
The overall brokerage recommendation for Canadian Natural Resources Ltd stands at 2.3, indicating an "Outperform" status. The rating scale ranges from 1 (Strong Buy) to 5 (Sell), providing a framework for evaluating the company's potential.
GuruFocus Valuation Estimate
According to GuruFocus estimates, the projected GF Value of Canadian Natural Resources Ltd (CNQ, Financial) in one year is $32.48, implying a potential upside of 17.77% from the current price of $27.58. The GF Value reflects GuruFocus' analysis of the stock's fair trading value, based on historical trading multiples, past growth, and future business performance projections. For a deeper dive into these insights, visit the Canadian Natural Resources Ltd (CNQ) Summary page.
