Shares of Canadian Natural Resource Ltd (TSE:CNQ) (NYSE:CNQ) have been given an average recommendation of “Buy” by the thirteen brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$56.23.

A number of analysts have recently issued reports on the stock. Canaccord Genuity increased their price target on shares of Canadian Natural Resource from C$53.00 to C$54.00 in a research report on Monday, May 14th. National Bank Financial reduced their price target on shares of Canadian Natural Resource from C$66.00 to C$64.00 and set an “outperform” rating for the company in a research report on Friday, August 3rd. Raymond James increased their price target on shares of Canadian Natural Resource from C$59.00 to C$65.00 in a research report on Thursday, July 5th. Barclays increased their price target on shares of Canadian Natural Resource from C$55.00 to C$59.00 in a research report on Wednesday, July 11th. Finally, CSFB increased their price target on shares of Canadian Natural Resource from C$59.00 to C$65.00 in a research report on Wednesday, July 11th.

In related news, insider Allan E. Frankiw sold 1,000 shares of the stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of C$44.15, for a total value of C$44,150.00. Also, insider Corey B. Bieber sold 10,000 shares of the stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of C$48.04, for a total value of C$480,400.00. Insiders sold 68,815 shares of company stock worth $3,203,011 in the last 90 days.

CNQ stock traded down C$0.82 during mid-day trading on Friday, reaching C$42.28. 2,553,416 shares of the stock traded hands, compared to its average volume of 2,769,645. Canadian Natural Resource has a 52-week low of C$36.88 and a 52-week high of C$49.08.

Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, August 2nd. The company reported C$0.90 EPS for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.19. Canadian Natural Resource had a net margin of 7.90% and a return on equity of 5.04%. The company had revenue of C$5.95 billion during the quarter, compared to analyst estimates of C$5.53 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be issued a $0.335 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.34 dividend on an annualized basis and a yield of 3.17%.

About Canadian Natural Resource

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Analyst Recommendations for Canadian Natural Resource (TSE:CNQ)

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