BMO Capital Markets reissued their outperform rating on shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) in a report released on Wednesday morning. BMO Capital Markets currently has a C$54.00 target price on the stock.

A number of other equities analysts have also recently issued reports on CNQ. CIBC reduced their price objective on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research note on Thursday, July 20th. National Bank Financial raised their price objective on shares of Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the company an outperform rating in a research note on Friday, August 4th. Canaccord Genuity lifted their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Wednesday, September 6th. Royal Bank Of Canada lifted their price target on shares of Canadian Natural Resources Limited from C$50.00 to C$51.00 and gave the stock a top pick rating in a research report on Friday, November 3rd. Finally, J P Morgan Chase & Co lifted their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Friday, November 3rd. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of C$49.64.

Canadian Natural Resources Limited (TSE:CNQ) opened at C$46.30 on Wednesday. Canadian Natural Resources Limited has a 52 week low of C$35.90 and a 52 week high of C$47.00.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.38%. Canadian Natural Resources Limited’s payout ratio is 48.42%.

In related news, insider Réal Michel Cusson acquired 12,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of C$28.74 per share, for a total transaction of C$359,250.00. Also, insider Allan E. Frankiw sold 1,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of C$39.32, for a total transaction of C$39,320.00. Over the last 90 days, insiders have purchased 50,000 shares of company stock worth $1,437,000 and have sold 160,331 shares worth $6,498,761.

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’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

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

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