Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday.

Other equities research analysts have also issued reports about the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Canadian Natural Resources Limited in a research note on Thursday, June 22nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Canadian Natural Resources Limited in a research note on Saturday, March 11th. National Bank Financial began coverage on Canadian Natural Resources Limited in a research note on Tuesday. They issued an “outperform” rating for the company. TheStreet raised Canadian Natural Resources Limited from a “d+” rating to a “c-” rating in a research note on Wednesday, April 12th. Finally, Zacks Investment Research raised Canadian Natural Resources Limited from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $46.73.

Shares of Canadian Natural Resources Limited (CNQ) traded down 1.50% during trading on Friday, reaching $28.84. The company’s stock had a trading volume of 2,660,660 shares. Canadian Natural Resources Limited has a 12-month low of $27.52 and a 12-month high of $35.28. The stock has a market cap of $32.22 billion, a price-to-earnings ratio of 288.40 and a beta of 1.41. The company has a 50 day moving average of $29.41 and a 200-day moving average of $31.04.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Friday, June 16th will be paid a dividend of $0.2014 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Wednesday, June 14th. Canadian Natural Resources Limited’s dividend payout ratio is currently 888.89%.

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Several large investors have recently modified their holdings of CNQ. Integrated Investment Consultants LLC acquired a new stake in shares of Canadian Natural Resources Limited during the first quarter worth about $103,000. Quadrant Capital Group LLC raised its stake in shares of Canadian Natural Resources Limited by 87.1% in the first quarter. Quadrant Capital Group LLC now owns 3,737 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 1,740 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Canadian Natural Resources Limited by 2,400.0% in the first quarter. Acadian Asset Management LLC now owns 5,000 shares of the oil and gas producer’s stock worth $163,000 after buying an additional 4,800 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Canadian Natural Resources Limited during the first quarter worth about $205,000. Finally, ARP Americas LLC acquired a new stake in shares of Canadian Natural Resources Limited during the first quarter worth about $211,000. 65.68% of the stock is owned by hedge funds and other institutional investors.

About Canadian Natural Resources Limited

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Analyst Recommendations for Canadian Natural Resources Limited (NYSE:CNQ)

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