Wells Fargo & Co Boosts Canadian Natural Resources (CNQ) Price Target to C$59.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective lifted by Wells Fargo & Co from C$52.00 to C$59.00 in a research report released on Thursday morning.

A number of other brokerages also recently commented on CNQ. Raymond James Financial boosted their price objective on Canadian Natural Resources from C$49.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. Barclays boosted their price objective on Canadian Natural Resources from C$38.00 to C$41.00 in a research report on Monday, November 20th. Scotiabank boosted their price objective on Canadian Natural Resources from C$45.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. BMO Capital Markets reissued an outperform rating and set a C$54.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, November 8th. Finally, TD Securities boosted their price objective on Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Canadian Natural Resources has a consensus rating of Buy and a consensus target price of C$52.86.

Canadian Natural Resources (TSE:CNQ) opened at C$46.31 on Thursday. Canadian Natural Resources has a 52-week low of C$35.90 and a 52-week high of C$47.00. The company has a market capitalization of $56,410.00, a PE ratio of 20.86 and a beta of 1.07.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Tuesday, December 12th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Monday, December 11th. Canadian Natural Resources’s dividend payout ratio (DPR) is 48.42%.

In related news, insider William Robert Peterson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$42.91, for a total value of C$429,100.00. Also, insider Réal Michel Cusson purchased 12,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of C$28.74 per share, with a total value of C$359,250.00. Over the last ninety days, insiders purchased 50,000 shares of company stock valued at $1,411,500 and sold 156,014 shares valued at $7,136,088.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Co Boosts Canadian Natural Resources (CNQ) Price Target to C$59.00” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/15/wells-fargo-co-boosts-canadian-natural-resources-cnq-price-target-to-c59-00.html.

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)

What are top analysts saying about Canadian Natural Resources? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Canadian Natural Resources and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit