Canadian Natural Resources (CNQ) PT Raised to C$59.00 at Wells Fargo & Co
Other research analysts have also issued reports about the company. BMO Capital Markets reissued an outperform rating and issued a C$54.00 price target on shares of Canadian Natural Resources in a research report on Wednesday, November 8th. JPMorgan Chase & Co. boosted their target price on Canadian Natural Resources from C$47.00 to C$48.00 in a research note on Friday, November 3rd. Scotiabank boosted their target price on Canadian Natural Resources from C$45.00 to C$50.00 and gave the stock an outperform rating in a research note on Wednesday, November 8th. GMP Securities boosted their target price on Canadian Natural Resources from C$52.00 to C$56.00 in a research note on Friday, November 3rd. Finally, TD Securities boosted 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 note on Thursday, November 9th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of C$52.86.
Canadian Natural Resources (CNQ) opened at C$46.31 on Thursday. The company has a market capitalization of $56,410.00, a price-to-earnings 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 company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Shareholders 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 payout ratio is presently 48.42%.
In other Canadian Natural Resources news, insider William Robert Peterson sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$42.91, for a total transaction of C$429,100.00. Also, Director Norman Murray Edwards sold 113,014 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of C$46.32, for a total value of C$5,234,808.48. In the last quarter, insiders have acquired 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.
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