Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned a consensus recommendation of “Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$50.69.

A number of brokerages have recently commented on CNQ. Canaccord Genuity increased their price target on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Wednesday, September 6th. CIBC dropped their price target on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research note on Thursday, July 20th. Barclays PLC dropped their price target on Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research note on Thursday, July 6th. TD Securities increased their price target on Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Finally, National Bank Financial increased their price target on Canadian Natural Resources Limited from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th.

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In related news, insider Betty Yee sold 750 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of C$37.46, for a total transaction of C$28,095.00. Also, insider Stephen W. Laut sold 5,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of C$37.06, for a total value of C$185,300.00. Over the last ninety days, insiders have sold 89,750 shares of company stock valued at $3,451,805.

Shares of Canadian Natural Resources Limited (TSE CNQ) traded down 0.35% during trading on Friday, reaching $40.04. The company’s stock had a trading volume of 10,683,618 shares. Canadian Natural Resources Limited has a 52-week low of $35.90 and a 52-week high of $46.74. The firm’s 50-day moving average is $39.18 and its 200 day moving average is $40.45. The company has a market cap of $48.66 billion and a PE ratio of 28.76.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, September 14th.

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’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 (TSE:CNQ)

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