Canadian Natural Stock To Go Ex-dividend Tomorrow (CNQ)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for Canadian Natural Resources (NYSE: CNQ) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $32.71 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Canadian Natural has been 3.4 million shares per day over the past 30 days. Canadian Natural has a market cap of $33.53 billion and is part of the basic materials sector and energy industry. Shares are down 13.8% year to date as of the close of trading on Monday.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas liquids (NGLs), and natural gas. The company has a P/E ratio of 12.6, above the average energy industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Canadian Natural as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Canadian Natural Ratings Report.

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