Canadian Natural Resources Limited (TSE:CNQ) has been given a consensus recommendation of “Buy” by the fifteen analysts that are presently covering the stock. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$43.29.
Several brokerages have commented on CNQ. Royal Bank Of Canada upgraded shares of Canadian Natural Resources Limited from a “buy” rating to a “top pick” rating and set a C$51.00 price target on the stock in a research note on Monday, August 29th. FirstEnergy Capital upgraded shares of Canadian Natural Resources Limited from an “outperform” rating to a “top pick” rating in a research note on Thursday, July 7th. Barclays PLC raised their price target on shares of Canadian Natural Resources Limited from C$39.00 to C$44.00 in a research note on Thursday, July 14th. Scotiabank restated an “outperform” rating and issued a C$44.00 price target on shares of Canadian Natural Resources Limited in a research note on Friday, August 5th. Finally, TD Securities restated a “hold” rating and issued a C$40.00 price target on shares of Canadian Natural Resources Limited in a research note on Friday, August 5th.
Canadian Natural Resources Limited (TSE:CNQ) opened at 42.23 on Monday. The company’s 50 day moving average price is $40.82 and its 200 day moving average price is $39.16. The firm’s market capitalization is $46.52 billion. Canadian Natural Resources Limited has a 12 month low of $21.27 and a 12 month high of $43.36.
The firm also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Friday, September 16th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Wednesday, September 14th.
Canadian Natural Resources Limited Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.
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