Shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) have earned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $46.50.

Several equities research analysts recently weighed in on CNQ shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $36.00 target price on shares of Canadian Natural Resources Limited in a report on Thursday, June 22nd. Zacks Investment Research upgraded Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Wednesday. Canaccord Genuity restated a “buy” rating and set a $47.00 target price on shares of Canadian Natural Resources Limited in a report on Tuesday, September 5th. ValuEngine upgraded Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and dropped their target price for the company from $40.00 to $33.00 in a report on Friday, July 21st. They noted that the move was a valuation call.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FTB Advisors Inc. raised its position in Canadian Natural Resources Limited by 1.3% during the 2nd quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock valued at $102,000 after purchasing an additional 41 shares during the last quarter. Fiduciary Trust Co. bought a new position in Canadian Natural Resources Limited during the 2nd quarter valued at approximately $126,000. Greenleaf Trust bought a new position in Canadian Natural Resources Limited during the 2nd quarter valued at approximately $204,000. Oxford Asset Management bought a new position in Canadian Natural Resources Limited during the 1st quarter valued at approximately $212,000. Finally, RMB Capital Management LLC bought a new position in Canadian Natural Resources Limited during the 1st quarter valued at approximately $215,000. 58.56% of the stock is owned by institutional investors and hedge funds.

Shares of Canadian Natural Resources Limited (NYSE:CNQ) opened at 32.77 on Friday. The company has a 50-day moving average price of $32.46 and a 200 day moving average price of $31.16. Canadian Natural Resources Limited has a 1-year low of $27.52 and a 1-year high of $35.28. The firm has a market capitalization of $39.82 billion, a price-to-earnings ratio of 28.62 and a beta of 1.47.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 15th were given a dividend of $0.2212 per share. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.70%. Canadian Natural Resources Limited’s dividend payout ratio is presently 86.28%.

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.

Analyst Recommendations for Canadian Natural Resources Limited (NYSE:CNQ)

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