Analysts Set Canadian Natural Resources Limited (TSE:CNQ) Price Target at C$71.94

Shares of Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ have received a consensus rating of "Moderate Buy" from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$71.94.

A number of equities research analysts have recently weighed in on CNQ shares. Royal Bank of Canada lifted their price objective on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the stock a "buy" rating in a report on Tuesday, December 3rd. ATB Capital upped their price objective on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. National Bankshares raised their target price on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price target on Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th.

Canadian Natural Resources Stock Down 0.3 %

TSE:CNQ traded down C$0.15 during mid-day trading on Tuesday, hitting C$43.80. The stock had a trading volume of 20,110,879 shares, compared to its average volume of 11,989,145. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49. The company has a market capitalization of C$93.29 billion, a PE ratio of 12.48, a PEG ratio of 0.53 and a beta of 1.89. The stock has a 50-day simple moving average of C$47.69 and a two-hundred day simple moving average of C$51.69.

Canadian Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.79%. Canadian Natural Resources's payout ratio is 60.97%.

Insider Transactions at Canadian Natural Resources

In related news, Senior Officer Trevor Wagil sold 4,272 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of Canadian Natural Resources stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$97,405.40. Over the last quarter, insiders sold 16,422 shares of company stock worth $785,328. Company insiders own 4.26% of the company's stock.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 (thermal oil), and synthetic crude oil (SCO).