Canadian Natural Resources (CNQ) Given a C$60.00 Price Target at Eight Capital
Other equities research analysts also recently issued reports about the company. Wells Fargo & Co boosted their target price on Canadian Natural Resources from C$52.00 to C$59.00 in a research report on Thursday. BMO Capital Markets reiterated an outperform rating and issued a C$54.00 target price on shares of Canadian Natural Resources in a research report on Wednesday, November 8th. JPMorgan Chase & Co. boosted their target price on Canadian Natural Resources from C$47.00 to C$48.00 in a research report on Friday, November 3rd. Scotiabank boosted their target price on Canadian Natural Resources from C$45.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. Finally, GMP Securities boosted their target price on Canadian Natural Resources from C$52.00 to C$56.00 in a research report on Friday, November 3rd. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of C$52.86.
Canadian Natural Resources (TSE CNQ) traded up C$0.26 during trading hours on Thursday, hitting C$46.31. The company had a trading volume of 1,623,000 shares, compared to its average volume of 1,905,881. The stock has a market capitalization of $56,410.00, a P/E ratio of 20.86 and a beta of 1.07. Canadian Natural Resources has a 12 month low of C$35.90 and a 12 month high of C$47.00.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th were paid a dividend of $0.275 per share. The ex-dividend date was Monday, December 11th. This represents a $1.10 annualized dividend and a yield of 2.38%. Canadian Natural Resources’s payout ratio is currently 48.42%.
In other Canadian Natural Resources news, insider Darren Fichter sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of C$44.18, for a total transaction of C$220,900.00. Also, Director Norman Murray Edwards sold 113,014 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of C$46.32, for a total value of C$5,234,808.48. Over the last three months, insiders have acquired 50,000 shares of company stock worth $1,411,500 and have sold 156,014 shares worth $7,136,088.
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About Canadian Natural Resources
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.
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