Other equities analysts have also recently issued research reports about the company. Scotiabank lifted their price target on Canadian Natural Resources from C$64.00 to C$80.00 in a report on Tuesday, March 8th. Bank of America lifted their price target on Canadian Natural Resources from C$68.00 to C$69.00 and gave the stock a neutral rating in a report on Wednesday, January 12th. National Bankshares reduced their price objective on Canadian Natural Resources from C$76.00 to C$74.00 and set an outperform rating for the company in a report on Wednesday, January 12th. ATB Capital boosted their price objective on Canadian Natural Resources from C$65.00 to C$69.00 and gave the stock an outperform rating in a report on Wednesday, January 12th. Finally, The Goldman Sachs Group restated a neutral rating on shares of Canadian Natural Resources in a report on Tuesday, January 25th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Natural Resources has an average rating of Buy and a consensus target price of C$72.35.
TSE:CNQ opened at C$83.00 on Thursday. The company has a debt-to-equity ratio of 44.06, a quick ratio of 0.56 and a current ratio of 0.80. The stock’s 50-day simple moving average is C$74.15 and its 200 day simple moving average is C$61.46. The company has a market cap of C$96.49 billion and a P/E ratio of 12.85. Canadian Natural Resources has a 52-week low of C$36.23 and a 52-week high of C$83.01.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Friday, March 18th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, March 17th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.47. Canadian Natural Resources’s dividend payout ratio is currently 30.92%.
In other Canadian Natural Resources news, Senior Officer Jay Ellery Froc sold 10,000 shares of the stock in a transaction dated Monday, January 31st. The shares were sold at an average price of C$64.88, for a total value of C$648,800.00. Following the completion of the sale, the insider now owns 23,987 shares in the company, valued at approximately C$1,556,276.56. Also, Senior Officer Timothy Shawn Mckay sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 25th. The stock was sold at an average price of C$63.95, for a total transaction of C$2,877,709.50. Following the sale, the insider now owns 1,180,395 shares of the company’s stock, valued at approximately C$75,485,197.89. In the last quarter, insiders sold 164,615 shares of company stock valued at $11,768,452.
Canadian Natural Resources Company Profile (Get Rating)
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.
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