Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) had its price target lifted by TD Securities from C$51.00 to C$52.00 in a research note released on Thursday, November 9th. They currently have a buy rating on the stock.
Other analysts have also issued reports about the stock. Scotiabank boosted their target price on shares of Canadian Natural Resources Limited from C$45.00 to C$50.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. Raymond James Financial, Inc. boosted their target price on shares of Canadian Natural Resources Limited from C$49.00 to C$50.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. BMO Capital Markets reissued an outperform rating and set a C$54.00 target price on shares of Canadian Natural Resources Limited in a research note on Wednesday, November 8th. GMP Securities boosted their target price on shares of Canadian Natural Resources Limited from C$52.00 to C$56.00 in a research note on Friday, November 3rd. Finally, J P Morgan Chase & Co upped their price objective on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Friday, November 3rd. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of C$50.14.
Canadian Natural Resources Limited (CNQ) opened at C$43.81 on Thursday. Canadian Natural Resources Limited has a one year low of C$35.90 and a one year high of C$47.00.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $1.10 annualized dividend and a yield of 2.51%. Canadian Natural Resources Limited’s dividend payout ratio is presently 48.42%.
In related news, Director Norman Murray Edwards sold 113,014 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of C$46.32, for a total value of C$5,234,808.48. Also, insider Réal Michel Cusson acquired 22,500 shares of Canadian Natural Resources Limited stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average cost of C$28.74 per share, with a total value of C$646,650.00. In the last 90 days, insiders acquired 50,000 shares of company stock worth $1,437,000 and sold 272,345 shares worth $11,694,800.
About Canadian Natural Resources Limited
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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