Analysts Consensus Rates Canadian Natural Resources Limited (CNQ) as Moderate Buy

Canadian Natural Resources Limited (NYSE:CNQ) is among the best safe stocks to buy now. According to a MarketBeat report, twelve firms have assigned a rating of “Moderate Buy” to Canadian Natural Resources Limited (NYSE:CNQ). While three analysts have issued a hold rating, eight recommended buying the stock, and the last one has a “Strong Buy” advice.

This year, Canadian Natural Resources Limited is focusing on investments in new production and exploration capacity, particularly in North America, a location where the company made a key acquisition last year. We have witnessed the company’s success in expanding its production volume over time, all of which is due to the company’s targeted takeovers.

But what investors like most is the company’s ability to pay dividends. Canadian Natural Resources Limited is considered a dividend play with its 5.40% forward dividend yield and a 20-year long history of steady dividend growth.

Canadian Natural Resources Limited, incorporated in 1973, is a company that specializes in crude oil, natural gas, and natural gas liquids (NGLs). This Canadian company is focused on shareholder value through responsible and effective resource provision.

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