Canadian Natural Resources Limited (CNQ) Given New C$51.00 Price Target at Royal Bank Of Canada

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) had its price target lifted by Royal Bank Of Canada from C$50.00 to C$51.00 in a report released on Friday morning. Royal Bank Of Canada currently has a top pick rating on the stock.

Other research analysts also recently issued research reports about the stock. National Bank Financial lifted their price objective on shares of Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the company an outperform rating in a research report on Friday, August 4th. CIBC decreased their price objective on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research report on Thursday, July 20th. Canaccord Genuity lifted their price objective on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Wednesday, September 6th. Finally, Barclays PLC decreased their price objective on shares of Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research report on Thursday, July 6th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Canadian Natural Resources Limited presently has a consensus rating of Buy and a consensus target price of C$50.00.

Shares of Canadian Natural Resources Limited (TSE CNQ) traded up C$0.74 on Friday, hitting C$46.01. 3,140,000 shares of the stock were exchanged, compared to its average volume of 1,970,000. Canadian Natural Resources Limited has a 52 week low of C$35.90 and a 52 week high of C$46.74.

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The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, December 11th.

In related news, insider Stephen W. Laut sold 5,000 shares of Canadian Natural Resources Limited stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of C$40.10, for a total transaction of C$200,500.00. Also, insider Darren Fichter sold 3,000 shares of Canadian Natural Resources Limited stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of C$40.92, for a total transaction of C$122,760.00. Insiders have sold a total of 178,331 shares of company stock valued at $7,223,721 in the last ninety days.

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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