Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$53.77.
CNQ has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Canadian Natural Resources from C$38.00 to C$41.00 in a research note on Monday, November 20th. National Bank Financial boosted their price target on shares of Canadian Natural Resources from C$52.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Wells Fargo & Co boosted their price target on shares of Canadian Natural Resources from C$52.00 to C$59.00 in a research note on Thursday, January 11th. Eight Capital set a C$60.00 price target on shares of Canadian Natural Resources and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Royal Bank of Canada boosted their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “top pick” rating in a research note on Friday, March 2nd.
Shares of Canadian Natural Resources (CNQ) opened at C$38.63 on Friday. The firm has a market cap of $47,240.00, a P/E ratio of 19.03 and a beta of 0.96. Canadian Natural Resources has a 12 month low of C$35.90 and a 12 month high of C$47.00.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 16th will be issued a dividend of $0.335 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.34 dividend on an annualized basis and a yield of 3.47%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.28. Canadian Natural Resources’s payout ratio is currently 52.96%.
In other news, insider Allan E. Frankiw sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of C$44.97, for a total value of C$112,425.00. Also, Director Norman Murray Edwards sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of C$46.17, for a total transaction of C$2,308,500.00. In the last 90 days, insiders have sold 75,000 shares of company stock valued at $3,424,150.
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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.
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