Wells Fargo & Company restated their outperform rating on shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in a research report released on Saturday.

Other research analysts have also recently issued reports about the company. Instinet restated a buy rating and set a $48.00 target price (up from $44.00) on shares of Canadian Natural Resources Limited in a report on Thursday, December 15th. TD Securities reiterated a hold rating and issued a $46.00 price objective on shares of Canadian Natural Resources Limited in a report on Friday, December 16th. Seaport Global Securities initiated coverage on Canadian Natural Resources Limited in a report on Friday, October 28th. They issued a hold rating and a $64.00 price objective on the stock. Scotiabank reiterated an outperform rating and issued a $44.00 price objective on shares of Canadian Natural Resources Limited in a report on Sunday, November 6th. Finally, RBC Capital Markets reiterated a top pick rating and issued a $52.00 price objective on shares of Canadian Natural Resources Limited in a report on Friday, December 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $43.27.

Analyst Recommendations for Canadian Natural Resources Limited (NYSE:CNQ)

Canadian Natural Resources Limited (NYSE:CNQ) opened at 31.43 on Friday. Canadian Natural Resources Limited has a 12-month low of $14.60 and a 12-month high of $35.28. The firm’s 50-day moving average price is $32.69 and its 200 day moving average price is $31.69. The stock’s market capitalization is $34.75 billion.

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The firm also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Investors of record on Friday, December 9th were issued a $0.1866 dividend. This represents a $0.75 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, December 7th. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.18. Canadian Natural Resources Limited’s dividend payout ratio is -168.18%.

A number of institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. raised its position in Canadian Natural Resources Limited by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 7,239 shares of the company’s stock valued at $232,000 after buying an additional 53 shares during the period. Fulton Bank N.A. raised its position in Canadian Natural Resources Limited by 1.2% in the third quarter. Fulton Bank N.A. now owns 7,330 shares of the company’s stock valued at $235,000 after buying an additional 84 shares during the period. FTB Advisors Inc. raised its position in Canadian Natural Resources Limited by 7.7% in the third quarter. FTB Advisors Inc. now owns 3,507 shares of the company’s stock valued at $115,000 after buying an additional 251 shares during the period. Candriam Luxembourg S.C.A. raised its position in Canadian Natural Resources Limited by 0.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 72,730 shares of the company’s stock valued at $2,232,000 after buying an additional 273 shares during the period. Finally, RS Investment Management Co. LLC raised its position in Canadian Natural Resources Limited by 3.7% in the second quarter. RS Investment Management Co. LLC now owns 9,909 shares of the company’s stock valued at $389,000 after buying an additional 350 shares during the period. 68.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:CNQ

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