Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned a consensus recommendation of “Buy” from the thirteen brokerages that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$50.75.
Several equities analysts have recently issued reports on the stock. TD Securities boosted their price target on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Scotiabank boosted their price target on shares of Canadian Natural Resources from C$45.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Raymond James Financial boosted their price target on shares of Canadian Natural Resources from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. BMO Capital Markets reissued an “outperform” rating and issued a C$54.00 price target on shares of Canadian Natural Resources in a report on Wednesday, November 8th. Finally, GMP Securities boosted their price target on shares of Canadian Natural Resources from C$52.00 to C$56.00 in a report on Friday, November 3rd.
In related news, insider Réal Michel Cusson bought 25,000 shares of Canadian Natural Resources stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of C$28.06 per share, with a total value of C$701,500.00. Also, insider Betty Yee sold 3,800 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of C$41.27, for a total transaction of C$156,826.00. Over the last ninety days, insiders purchased 65,000 shares of company stock valued at $1,842,600 and sold 159,814 shares valued at $7,292,914.
Shares of Canadian Natural Resources (TSE:CNQ) traded up C$0.18 during mid-day trading on Monday, hitting C$45.09. 1,039,600 shares of the stock traded hands, compared to its average volume of 2,359,074. Canadian Natural Resources has a one year low of C$35.90 and a one year high of C$47.00. The firm has a market cap of $54,730.00, a price-to-earnings ratio of 20.31 and a beta of 1.07.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Monday, December 11th. Canadian Natural Resources’s payout ratio is presently 48.42%.
About Canadian Natural Resources
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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