Canadian Natural Resources Limited (CNQ) Receives “Top Pick” Rating from Royal Bank Of Canada
Canadian Natural Resources Limited (TSE:CNQ)‘s stock had its “top pick” rating reiterated by stock analysts at Royal Bank Of Canada in a research note issued to investors on Monday, StockTargetPrices.com reports. They currently have a C$51.00 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 20.62% from the stock’s current price.
Several other research firms have also issued reports on CNQ. FirstEnergy Capital raised shares of Canadian Natural Resources Limited from an “outperform” rating to a “top pick” rating in a research report on Thursday, July 7th. Barclays PLC increased their price objective on shares of Canadian Natural Resources Limited from C$39.00 to C$44.00 in a research report on Thursday, July 14th. Scotiabank reaffirmed an “outperform” rating and set a C$44.00 price target on shares of Canadian Natural Resources Limited in a report on Friday, August 5th. TD Securities reaffirmed a “hold” rating and set a C$40.00 price target on shares of Canadian Natural Resources Limited in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Canadian Natural Resources Limited from C$44.00 to C$46.00 in a report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$43.20.
Canadian Natural Resources Limited (TSE:CNQ) traded up 0.12% during midday trading on Monday, hitting $42.28. 1,259,718 shares of the stock traded hands. Canadian Natural Resources Limited has a one year low of $21.27 and a one year high of $43.36. The company’s market cap is $46.57 billion. The company’s 50-day moving average is $40.82 and its 200-day moving average is $39.16.
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The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Friday, September 16th were given a $0.23 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.92 annualized dividend and a yield of 2.18%.
Canadian Natural Resources Limited Company Profile
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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