Brokerages Set Canadian Natural Resources Limited (TSE:CNQ) PT at C$74.31

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$74.31.

A number of research firms have commented on CNQ. TD Securities upped their price target on Canadian Natural Resources from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Jefferies Financial Group boosted their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Royal Bank of Canada lifted their price objective on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, ATB Capital upped their target price on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$97,405.40. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. Insiders sold a total of 16,422 shares of company stock valued at $785,328 over the last ninety days. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at C$47.52 on Friday. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The firm has a market cap of C$101.22 billion, a P/E ratio of 13.54, a P/E/G ratio of 0.53 and a beta of 1.89. The firm’s 50 day moving average price is C$47.69 and its 200-day moving average price is C$56.98. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49.

Canadian Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.10 annualized dividend and a dividend yield of 4.42%. Canadian Natural Resources’s dividend payout ratio is presently 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).