Canadian Natural Resources Limited (CNQ) Receives C$50.15 Average PT from Analysts
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has earned an average recommendation of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$49.69.
A number of research analysts have recently commented on the company. Scotiabank upped their price target on Canadian Natural Resources Limited from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday. Raymond James Financial, Inc. upped their target price on Canadian Natural Resources Limited from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday. BMO Capital Markets restated an “outperform” rating and issued a C$54.00 target price on shares of Canadian Natural Resources Limited in a research note on Wednesday. National Bank Financial reiterated an “outperform” rating and set a C$52.00 price objective on shares of Canadian Natural Resources Limited in a research report on Friday, November 3rd. Finally, TD Securities increased their price objective on Canadian Natural Resources Limited from C$49.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, November 3rd.
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Canadian Natural Resources Limited (CNQ) traded up C$0.24 during mid-day trading on Friday, reaching C$46.49. The company’s stock had a trading volume of 1,597,343 shares, compared to its average volume of 2,090,000. Canadian Natural Resources Limited has a twelve month low of C$35.90 and a twelve month high of C$47.00.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be issued a dividend of $0.275 per share. The ex-dividend date is Monday, December 11th. This represents a $1.10 dividend on an annualized basis and a yield of 2.37%.
In other Canadian Natural Resources Limited news, insider Timothy Shawn Mckay sold 20,000 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of C$40.40, for a total transaction of C$808,000.00. Also, insider Stephen W. Laut sold 5,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of C$40.10, for a total value of C$200,500.00. Over the last ninety days, insiders have sold 170,331 shares of company stock worth $6,897,361.
Canadian Natural Resources Limited 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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