Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned an average rating of “Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$50.31.

A number of research firms recently weighed in on CNQ. National Bank Financial restated an “outperform” rating and issued a C$52.00 price objective on shares of Canadian Natural Resources in a report on Friday, November 3rd. Royal Bank Of Canada increased their price objective on Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “top pick” rating in a report on Friday, November 3rd. J P Morgan Chase & Co increased their price objective on Canadian Natural Resources from C$47.00 to C$48.00 in a report on Friday, November 3rd. GMP Securities increased their price objective on Canadian Natural Resources from C$52.00 to C$56.00 in a report on Friday, November 3rd. Finally, Canaccord Genuity increased their price objective on Canadian Natural Resources from C$47.00 to C$48.00 in a report on Wednesday, September 6th.

Canadian Natural Resources (CNQ) traded up C$0.97 during midday trading on Thursday, reaching C$43.76. The company had a trading volume of 4,231,850 shares, compared to its average volume of 2,385,502. Canadian Natural Resources has a 1-year low of C$35.90 and a 1-year high of C$47.00.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, December 11th. This represents a $1.10 dividend on an annualized basis and a yield of 2.51%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 48.42%.

In other Canadian Natural Resources news, insider Allan E. Frankiw sold 1,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of C$39.32, for a total transaction of C$39,320.00. Also, Director Norman Murray Edwards sold 113,014 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of C$46.32, for a total transaction of C$5,234,808.48. In the last ninety days, insiders have acquired 50,000 shares of company stock worth $1,437,000 and have sold 277,345 shares worth $11,915,700.

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Canadian Natural Resources 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 (TSE:CNQ)

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