Canadian Natural Resources Limited (TSE:CNQ) Receives Consensus Rating of “Moderate Buy” from Analysts

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$71.94.

A number of equities analysts have issued reports on the stock. 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 research report on Friday, November 1st. ATB Capital upped their price target on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. BMO Capital Markets decreased their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday. Wells Fargo & Company raised their target price on Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Finally, Desjardins raised Canadian Natural Resources from a “hold” rating to a “buy” rating and boosted their price target for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th.

Canadian Natural Resources Trading Down 1.9 %

Canadian Natural Resources stock opened at C$43.95 on Tuesday. The stock has a 50-day moving average price of C$47.78 and a 200 day moving average price of C$51.75. The company has a market capitalization of C$93.61 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64.

Canadian Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors 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 dividend yield of 4.78%. Canadian Natural Resources’s dividend payout ratio is presently 60.97%.

Insider Transactions at Canadian Natural Resources

In related news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Over the last quarter, insiders have sold 16,422 shares of company stock valued at $785,328. 4.26% of the stock is currently owned by corporate 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).