Canadian Natural Resources (CNQ) Price Target Increased to C$59.00 by Analysts at Wells Fargo & Co

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective boosted by Wells Fargo & Co from C$52.00 to C$59.00 in a research note published on Thursday morning.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a top pick rating in a research report on Friday, November 3rd. TD Securities lifted their price objective on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a buy rating in a research report on Thursday, November 9th. BMO Capital Markets reaffirmed an outperform rating and set a C$54.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, November 8th. Barclays lifted their price objective on shares of Canadian Natural Resources from C$38.00 to C$41.00 in a research report on Monday, November 20th. Finally, National Bank Financial reaffirmed an outperform rating and set a C$52.00 price objective on shares of Canadian Natural Resources in a research report on Friday, November 3rd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$52.86.

Canadian Natural Resources (CNQ) traded up C$0.26 during trading on Thursday, hitting C$46.31. 1,623,000 shares of the stock traded hands, compared to its average volume of 1,905,881. The stock has a market cap of $56,410.00, a PE ratio of 20.86 and a beta of 1.07. Canadian Natural Resources has a 1-year low of C$35.90 and a 1-year high of C$47.00.

The business also recently declared a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Tuesday, December 12th were paid a dividend of $0.275 per share. The ex-dividend date was Monday, December 11th. This represents a $1.10 annualized dividend and a yield of 2.38%. Canadian Natural Resources’s dividend payout ratio is currently 48.42%.

In other Canadian Natural Resources news, insider Réal Michel Cusson acquired 25,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of C$28.06 per share, for a total transaction of C$701,500.00. Also, insider Corey B. Bieber sold 18,000 shares of Canadian Natural Resources stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of C$44.61, for a total transaction of C$802,980.00. Over the last quarter, insiders have purchased 50,000 shares of company stock worth $1,411,500 and have sold 156,014 shares worth $7,136,088.

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Canadian Natural Resources Company Profile

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.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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