Canadian Natural Resources Limited (CNQ) Given Consensus Recommendation of “Buy” by Brokerages
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has earned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$50.69.
A number of research firms have weighed in on CNQ. National Bank Financial boosted their target price on shares of Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Barclays PLC reduced their target price on shares of Canadian Natural Resources Limited from C$50.00 to C$34.00 in a report on Thursday, July 6th. CIBC reduced their target price on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a report on Thursday, July 20th. Finally, Canaccord Genuity boosted their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Wednesday, September 6th.
In related news, insider Timothy Shawn Mckay sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of C$40.40, for a total transaction of C$808,000.00. Also, insider Ronald Keith Laing sold 4,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$42.54, for a total transaction of C$170,160.00. Insiders have sold a total of 178,331 shares of company stock worth $7,223,721 in the last quarter.
The business also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.65%.
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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.
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