Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been assigned an average rating of “Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$52.86.
CNQ has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on 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. Barclays lifted their target price on Canadian Natural Resources from C$41.00 to C$44.00 in a research report on Thursday, December 21st. TD Securities lifted their target price on 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 reissued an “outperform” rating and set a C$54.00 price target on shares of Canadian Natural Resources in a report on Wednesday, November 8th. Finally, National Bank Financial reissued an “outperform” rating and set a C$52.00 price target on shares of Canadian Natural Resources in a report on Friday, November 3rd.
In related news, insider Corey B. Bieber sold 18,000 shares of Canadian Natural Resources stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$44.61, for a total transaction of C$802,980.00. Also, insider Réal Michel Cusson acquired 12,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of C$28.74 per share, with a total value of C$359,250.00. In the last three months, insiders have bought 52,650 shares of company stock worth $1,531,413 and have sold 218,514 shares worth $10,018,713.
Canadian Natural Resources (CNQ) traded up C$0.13 on Friday, hitting C$45.18. The stock had a trading volume of 2,300,000 shares, compared to its average volume of 1,910,000. Canadian Natural Resources has a twelve month low of C$35.90 and a twelve month high of C$47.00. The firm has a market capitalization of $55,040.00, a PE ratio of 20.35 and a beta of 1.07.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its earnings results on Thursday, November 2nd. The company reported C$0.09 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.05). Canadian Natural Resources had a return on equity of 8.80% and a net margin of 15.95%.
The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Monday, December 11th. Canadian Natural Resources’s dividend payout ratio (DPR) is 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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