Canadian Natural Resources (CNQ) Price Target Increased to C$52.00 by Analysts at TD Securities

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target increased by TD Securities from C$51.00 to C$52.00 in a report issued on Thursday, November 9th. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. Scotiabank increased their target price on Canadian Natural Resources from C$45.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. Raymond James Financial increased their target price on Canadian Natural Resources from C$49.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. BMO Capital Markets reissued an outperform rating and set a C$54.00 price target on shares of Canadian Natural Resources in a research note on Wednesday, November 8th. GMP Securities increased their price target on Canadian Natural Resources from C$52.00 to C$56.00 in a research note on Friday, November 3rd. Finally, J P Morgan Chase & Co increased their price target on Canadian Natural Resources from C$47.00 to C$48.00 in a research note on Friday, November 3rd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$50.14.

Shares of Canadian Natural Resources (CNQ) traded down C$0.06 during trading hours on Thursday, hitting C$42.75. The stock had a trading volume of 1,632,070 shares, compared to its average volume of 2,381,104. 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 declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.57%. Canadian Natural Resources’s dividend payout ratio is presently 48.42%.

In other news, insider Réal Michel Cusson purchased 22,500 shares of the stock in a transaction on Monday, September 25th. The stock was bought at an average price of C$28.74 per share, with a total value of C$646,650.00. Also, Director Norman Murray Edwards sold 99,714 shares of Canadian Natural Resources stock in a transaction dated Friday, September 15th. The stock was sold at an average price of C$40.37, for a total value of C$4,025,454.18. Over the last 90 days, insiders have purchased 50,000 shares of company stock worth $1,437,000 and have sold 277,345 shares worth $11,915,700.

ILLEGAL ACTIVITY WARNING: This report was first reported by BBNS and is the property of of BBNS. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://baseballnewssource.com/markets/td-securities-boosts-canadian-natural-resources-limited-cnq-price-target-to-c52-00/1769300.html.

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.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

Receive News & Ratings for Canadian Natural Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.