Canadian Natural Resources (CNQ) Price Target Lowered to C$55.00 at BMO Capital Markets
Several other equities research analysts have also commented on the company. Canaccord Genuity dropped their price target on Canadian Natural Resources from C$55.00 to C$50.00 in a research note on Tuesday, November 20th. CIBC dropped their price target on Canadian Natural Resources from C$55.00 to C$47.00 in a research note on Thursday, November 22nd. Raymond James restated an outperform rating and set a C$65.00 price target on shares of Canadian Natural Resources in a research note on Friday, November 2nd. Morgan Stanley dropped their price target on Canadian Natural Resources from C$64.00 to C$60.00 in a research note on Sunday, October 14th. Finally, Cormark dropped their price target on Canadian Natural Resources from C$58.00 to C$55.00 in a research note on Tuesday, October 9th. Five analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus target price of C$55.92.
Canadian Natural Resources stock opened at C$36.80 on Thursday. Canadian Natural Resources has a 52 week low of C$32.08 and a 52 week high of C$49.08. The company has a current ratio of 0.92, a quick ratio of 0.61 and a debt-to-equity ratio of 59.09.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Monday, December 10th will be paid a dividend of $0.335 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.34 annualized dividend and a yield of 3.64%. Canadian Natural Resources’s dividend payout ratio is presently 41.69%.
In other news, insider Allan E. Frankiw sold 1,000 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of C$42.54, for a total value of C$42,540.00. Also, insider Ronald Keith Laing sold 2,600 shares of the company’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of C$41.82, for a total value of C$108,732.00. Insiders have sold 3,800 shares of company stock valued at $158,950 over the last 90 days.
About Canadian Natural Resources
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
Featured Story: Futures Contract
Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.