Canadian Natural Resources Limited (TSE:CNQ) Receives Average Rating of “Buy” from Brokerages
Canadian Natural Resources Limited (TSE:CNQ) has been given a consensus recommendation of “Buy” by the fifteen analysts that are currently covering the firm. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$43.29.
Several brokerages have recently issued reports on CNQ. FirstEnergy Capital raised their price objective on Canadian Natural Resources Limited from C$39.00 to C$42.00 in a research note on Thursday, June 16th. JPMorgan Chase & Co. raised their price objective on Canadian Natural Resources Limited from C$47.00 to C$51.00 in a research note on Monday, September 12th. Royal Bank Of Canada upgraded Canadian Natural Resources Limited from an “outperform” rating to a “top pick” rating in a research note on Thursday, June 16th. Scotiabank raised their price objective on Canadian Natural Resources Limited from C$35.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Thursday, June 16th. Finally, TD Securities restated a “hold” rating and issued a C$38.00 price objective on shares of Canadian Natural Resources Limited in a research note on Thursday, June 16th.
Canadian Natural Resources Limited (TSE:CNQ) traded down 0.68% on Monday, reaching $42.39. The company’s stock had a trading volume of 1,700,916 shares. The company’s market capitalization is $46.69 billion. Canadian Natural Resources Limited has a 12-month low of $21.27 and a 12-month high of $43.31. The firm has a 50-day moving average of $40.70 and a 200 day moving average of $38.95.
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The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 16th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, September 14th.
About Canadian Natural Resources Limited
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.
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