CNQ has been the topic of several other research reports. National Bank Financial lifted their target price on shares of Canadian Natural Resources from C$52.00 to C$64.00 and gave the company an outperform rating in a report on Tuesday. Royal Bank of Canada lifted their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a top pick rating in a report on Friday, November 3rd. JPMorgan Chase & Co. lifted their target price on shares of Canadian Natural Resources from C$47.00 to C$48.00 in a report on Friday, November 3rd. GMP Securities lifted their target price on shares of Canadian Natural Resources from C$52.00 to C$56.00 in a report on Friday, November 3rd. Finally, TD Securities lifted their target price on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a buy rating in a report on Thursday, November 9th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of C$52.86.
Shares of Canadian Natural Resources (TSE CNQ) traded up C$0.26 during trading hours on Thursday, hitting C$46.31. 1,623,000 shares of the stock traded hands, compared to its average volume of 1,905,881. The stock has a market capitalization of $56,410.00, a P/E ratio of 20.86 and a beta of 1.07. Canadian Natural Resources has a 1-year low of C$35.90 and a 1-year high of C$47.00.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Tuesday, December 12th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Monday, December 11th. Canadian Natural Resources’s dividend payout ratio is currently 48.42%.
In other Canadian Natural Resources news, insider Kendall W. Stagg sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$44.83, for a total value of C$448,300.00. Also, Director Norman Murray Edwards sold 113,014 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of C$46.32, for a total transaction of C$5,234,808.48. In the last three months, insiders have purchased 50,000 shares of company stock worth $1,411,500 and have sold 156,014 shares worth $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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