Canadian Natural Resources Limited (TSE:CNQ) Given Average Rating of “Hold” by Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$74.31.

A number of research analysts recently commented on CNQ shares. TD Securities increased their price target on shares of Canadian Natural Resources from C$56.00 to C$58.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Gerdes Energy Research boosted their price target on Canadian Natural Resources from C$53.00 to C$55.00 in a research report on Friday, November 1st. ATB Capital lifted their target price on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their price target on Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th.

Canadian Natural Resources Trading Up 2.3 %

Shares of CNQ stock opened at C$48.30 on Friday. The stock’s 50-day moving average price is C$47.35 and its 200-day moving average price is C$58.91. Canadian Natural Resources has a 12-month low of C$40.02 and a 12-month high of C$56.49. The stock has a market capitalization of C$102.88 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64.

Canadian Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.10 annualized dividend and a yield of 4.35%. Canadian Natural Resources’s payout ratio is 60.97%.

Insider Activity

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Also, Senior Officer Trevor Wagil sold 4,272 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. Corporate insiders own 4.26% of the company’s stock.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).