Analysts Set Canadian Natural Resources Limited (TSE:CNQ) Target Price at C$71.94

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$71.94.

CNQ has been the topic of several recent analyst reports. National Bankshares lifted their price objective 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 report on Tuesday, October 8th. CIBC increased their price objective on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. BMO Capital Markets reduced their target price on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Desjardins raised Canadian Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the company from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Finally, Raymond James lifted their price objective on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st.

Insider Transactions at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total transaction of C$183,900.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of Canadian Natural Resources stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40. Over the last three months, insiders have sold 16,422 shares of company stock worth $785,328. 4.26% of the stock is currently owned by company insiders.

Canadian Natural Resources Trading Up 0.0 %

Shares of TSE:CNQ opened at C$42.50 on Tuesday. The stock has a 50 day moving average of C$47.26 and a 200 day moving average of C$50.03. The company has a market cap of C$90.53 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 12-month low of C$40.02 and a 12-month high of C$56.49. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64.

Canadian Natural Resources Dividend Announcement

The company 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 dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 annualized dividend and a yield of 4.94%. Canadian Natural Resources’s payout ratio is 60.97%.

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).