Canadian Natural Resources Limited (TSE:CNQ) Receives C$74.31 Average Price Target from Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received an average rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$74.31.

A number of analysts have recently weighed in on CNQ shares. Gerdes Energy Research raised their price target on shares of Canadian Natural Resources from C$53.00 to C$55.00 in a report on Friday, November 1st. National Bankshares raised their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. CIBC upped their price target on Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their target price on Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th.

Canadian Natural Resources Trading Up 0.8 %

Shares of TSE CNQ opened at C$48.71 on Friday. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49. The business has a fifty day moving average price of C$47.44 and a 200 day moving average price of C$57.92. The stock has a market capitalization of C$103.75 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54.

Canadian Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.10 annualized dividend and a yield of 4.31%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.97%.

Insider Buying and Selling at Canadian Natural Resources

In related news, Director Stephen W. Laut sold 6,400 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40. In the last ninety days, insiders sold 16,422 shares of company stock worth $785,328. Company insiders own 4.26% of the company’s stock.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).