Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target increased by National Bank Financial from C$52.00 to C$64.00 in a research report report published on Tuesday. National Bank Financial currently has an outperform rating on the stock.
Other equities analysts have also issued research reports about the company. Barclays raised their target price on Canadian Natural Resources from C$41.00 to C$44.00 in a research note on Thursday, December 21st. GMP Securities raised their target price on Canadian Natural Resources from C$52.00 to C$56.00 in a research note on Friday, November 3rd. JPMorgan Chase & Co. raised their target price on Canadian Natural Resources from C$47.00 to C$48.00 in a research note on Friday, November 3rd. TD Securities raised their target price on Canadian Natural Resources from C$49.00 to C$51.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Finally, Scotiabank raised 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. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$51.75.
Shares of Canadian Natural Resources (TSE:CNQ) traded down C$0.25 during mid-day trading on Tuesday, reaching C$45.80. The company had a trading volume of 1,664,812 shares, compared to its average volume of 1,879,551. The stock has a market cap of $55,790.00, a price-to-earnings ratio of 20.63 and a beta of 1.07. Canadian Natural Resources has a one year low of C$35.90 and a one year high of C$47.00.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.40%. Canadian Natural Resources’s payout ratio is currently 48.42%.
In related news, insider Réal Michel Cusson acquired 12,500 shares of Canadian Natural Resources stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of C$28.74 per share, for a total transaction of C$359,250.00. Also, Director Norman Murray Edwards sold 113,014 shares of Canadian Natural Resources 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 valued at $1,411,500 and have sold 156,014 shares valued at $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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