Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$58.00 by Analysts at BMO Capital Markets

Canadian Natural Resources (TSE:CNQ - Free Report) NYSE: CNQ had its price target cut by BMO Capital Markets from C$60.00 to C$58.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. TD Securities set a C$58.00 price objective on shares of Canadian Natural Resources and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. ATB Capital upped their price objective on shares of 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. Gerdes Energy Research upped their price objective on shares of Canadian Natural Resources from C$53.00 to C$55.00 in a research report on Friday, November 1st. Finally, Jefferies Financial Group upped their price objective on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$71.94.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ traded up C$0.32 during midday trading on Friday, hitting C$44.78. The stock had a trading volume of 24,879,919 shares, compared to its average volume of 11,902,662. The company's 50-day moving average price is C$47.86 and its 200-day moving average price is C$52.17. The company has a market capitalization of C$95.38 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49.

Canadian Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.69%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's dividend payout ratio (DPR) is currently 60.97%.

Insider Activity

In other news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Director Stephen W. Laut sold 6,400 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. In the last three months, insiders have sold 16,422 shares of company stock valued at $785,328. 4.26% of the stock is currently owned by insiders.

Canadian Natural Resources Company Profile

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).