Canadian Natural Resources Limited (TSE:CNQ) Given Average Rating of “Buy” by Brokerages
Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been given an average recommendation of “Buy” by the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$51.27.
A number of brokerages have recently issued reports on CNQ. Barclays PLC decreased their target price on Canadian Natural Resources Limited from C$52.00 to C$50.00 in a research report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “top pick” rating and set a C$60.00 target price on shares of Canadian Natural Resources Limited in a research report on Friday, April 21st. Finally, TD Securities increased their target price on Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the company a “buy” rating in a research report on Monday, June 5th.
Shares of Canadian Natural Resources Limited (CNQ) traded down 0.22% during trading on Monday, hitting $37.07. 1,195,950 shares of the stock were exchanged. Canadian Natural Resources Limited has a 52-week low of $35.90 and a 52-week high of $46.74. The stock’s market cap is $45.03 billion. The firm has a 50 day moving average of $39.36 and a 200-day moving average of $41.42.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 1st. Shareholders of record on Friday, June 16th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.97%.
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In other Canadian Natural Resources Limited news, insider Darren Fichter sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of C$43.14, for a total value of C$129,420.00. Also, Director Norman Murray Edwards sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of C$37.55, for a total value of C$1,877,500.00. Insiders sold a total of 96,500 shares of company stock worth $3,736,780 in the last 90 days.
Canadian Natural Resources Limited 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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