Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price increased by CIBC from C$46.00 to C$48.00 in a research note released on Tuesday, BayStreet.CA reports.
Other equities analysts have also issued research reports about the company. Evercore ISI cut their price target on Canadian Natural Resources from C$48.00 to C$42.00 in a research note on Thursday, October 10th. Royal Bank of Canada cut their price target on Canadian Natural Resources from C$45.00 to C$42.00 in a research note on Friday, October 18th. Evercore cut their price target on Canadian Natural Resources from C$48.00 to C$42.00 in a research note on Thursday, October 10th. TD Securities lifted their price target on Canadian Natural Resources from C$41.00 to C$44.00 and gave the company a buy rating in a research note on Friday, November 8th. Finally, Raymond James restated an outperform rating and issued a C$40.00 price target on shares of Canadian Natural Resources in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Canadian Natural Resources has an average rating of Buy and an average target price of C$44.41.
Shares of Canadian Natural Resources stock traded down C$0.12 on Tuesday, hitting C$36.70. The company’s stock had a trading volume of 3,276,512 shares, compared to its average volume of 3,522,524. The company has a debt-to-equity ratio of 64.64, a quick ratio of 0.40 and a current ratio of 0.60. Canadian Natural Resources has a 1 year low of C$30.01 and a 1 year high of C$42.56. The firm has a fifty day moving average price of C$34.35 and a 200-day moving average price of C$34.63. The company has a market capitalization of $43.55 billion and a price-to-earnings ratio of 10.87.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.50 annualized dividend and a yield of 4.09%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 43.26%.
In other Canadian Natural Resources news, Senior Officer Scott Gerald Stauth sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$36.19, for a total transaction of C$904,762.50. Following the completion of the sale, the insider now directly owns 49,221 shares in the company, valued at approximately C$1,781,332.60. Also, Senior Officer Troy John Peter Andersen sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$36.63, for a total value of C$146,520.00. Over the last quarter, insiders have sold 32,770 shares of company stock valued at $1,192,630.
About Canadian Natural Resources
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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