Canadian Natural Resources Limited (CNQ) Earns Top Pick Rating from Royal Bank Of Canada
Canadian Natural Resources Limited (TSE:CNQ)‘s stock had its “top pick” rating reissued by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. They presently have a C$51.00 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 20.60% from the company’s current price.
CNQ has been the subject of a number of other research reports. Scotiabank reiterated an “outperform” rating and set a C$44.00 price target on shares of Canadian Natural Resources Limited in a research note on Friday, August 5th. FirstEnergy Capital upgraded shares of Canadian Natural Resources Limited from an “outperform” rating to a “top pick” rating in a research note on Thursday, July 7th. Barclays PLC increased their price target on shares of Canadian Natural Resources Limited from C$39.00 to C$44.00 in a research note on Thursday, July 14th. TD Securities reiterated a “hold” rating and set a C$40.00 price target on shares of Canadian Natural Resources Limited in a research note on Friday, August 5th. Finally, Desjardins set a C$41.00 price target on shares of Canadian Natural Resources Limited in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$43.20.
Canadian Natural Resources Limited (TSE:CNQ) traded down 0.09% during mid-day trading on Monday, hitting $42.19. 494,028 shares of the stock were exchanged. Canadian Natural Resources Limited has a one year low of $21.27 and a one year high of $43.36. The company has a 50-day moving average price of $40.82 and a 200-day moving average price of $39.16. The company’s market cap is $46.47 billion.
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The firm also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 16th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.92 annualized dividend and a yield of 2.18%.
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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