Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been assigned an average rating of “Buy” from the sixteen research firms that are covering the firm. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$44.20.

Several equities analysts have recently commented on CNQ shares. Scotiabank reaffirmed an “outperform” rating and set a C$44.00 price objective on shares of Canadian Natural Resources Limited in a research note on Friday, August 5th. TD Securities reissued a “hold” rating and issued a C$40.00 price target on shares of Canadian Natural Resources Limited in a research note on Friday, August 5th. Royal Bank Of Canada raised shares of Canadian Natural Resources Limited from a “buy” rating to a “top pick” rating and set a C$51.00 price target for the company in a research note on Monday, August 29th. JPMorgan Chase & Co. increased their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$51.00 in a research note on Monday, September 12th. Finally, CIBC increased their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$50.00 in a research note on Wednesday, October 19th.

Canadian Natural Resources Limited (TSE:CNQ) opened at 42.38 on Tuesday. Canadian Natural Resources Limited has a 52-week low of $21.27 and a 52-week high of $44.38. The firm’s 50 day moving average is $42.44 and its 200 day moving average is $40.17. The company’s market cap is $46.86 billion.

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 9th will be issued a dividend of $0.25 per share. This is a boost from Canadian Natural Resources Limited’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%.

About Canadian Natural Resources Limited

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.

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