Canadian Natural Resources Limited (TSE:CNQ) Receives C$71.94 Average Price Target from Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$71.94.

CNQ has been the topic of a number of analyst reports. BMO Capital Markets decreased their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. CIBC raised their price target on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. ATB Capital increased their price target on 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. Finally, TD Securities set a C$58.00 price objective on Canadian Natural Resources and gave the company a “buy” rating in a research report on Tuesday, December 3rd.

Insider Buying and Selling at Canadian Natural Resources

In related news, Senior Officer Trevor Wagil sold 4,272 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total value of C$202,966.99. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of Canadian Natural Resources 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 value of C$97,405.40. Insiders sold 35,422 shares of company stock valued at $1,603,582 over the last 90 days. 4.26% of the stock is owned by corporate insiders.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$43.17 on Tuesday. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49. The stock has a market cap of C$91.95 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The business’s fifty day moving average price is C$47.26 and its two-hundred day moving average price is C$49.64. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88.

Canadian Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.86%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.97%.

About Canadian Natural Resources

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).