BMO Capital Markets Issues Pessimistic Forecast for Canadian Natural Resources (TSE:CNQ) Stock Price

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target cut by BMO Capital Markets from C$60.00 to C$58.00 in a report released on Friday,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Jefferies Financial Group lifted their price objective on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Raymond James raised their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. National Bankshares upped their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday, October 8th. Gerdes Energy Research increased their price objective on shares of Canadian Natural Resources from C$53.00 to C$55.00 in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$71.94.

Canadian Natural Resources Trading Down 0.5 %

TSE CNQ opened at C$44.78 on Friday. The stock has a market capitalization of C$95.38 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.53 and a beta of 1.89. The business has a 50 day simple moving average of C$47.86 and a 200 day simple moving average of C$51.80. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49.

Canadian Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.10 annualized dividend and a yield of 4.69%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 60.97%.

Insider Activity at Canadian Natural Resources

In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s 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 dated Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. In the last three months, insiders sold 16,422 shares of company stock valued at $785,328. 4.26% of the stock is owned by insiders.

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).