Canadian Natural Resources Limited (TSE:CNQ) Given Consensus Rating of “Hold” by Brokerages

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$74.31.

CNQ has been the subject of a number of research reports. Royal Bank of Canada boosted their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Raymond James boosted their price objective on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Gerdes Energy Research raised their target price on Canadian Natural Resources from C$53.00 to C$55.00 in a research report on Friday, November 1st. Jefferies Financial Group boosted their price target on Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. Finally, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their price objective for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th.

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$46.70 on Friday. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The firm has a fifty day moving average of C$47.57 and a 200 day moving average of C$57.77. The firm has a market cap of C$99.47 billion, a PE ratio of 13.30, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49.

Canadian Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio is presently 60.97%.

Insiders Place Their Bets

In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. Also, Director Stephen W. Laut sold 6,400 shares of Canadian Natural Resources stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$47.04, for a total value of C$301,056.00. Insiders sold a total of 16,422 shares of company stock valued at $785,328 over the last quarter. 4.26% of the stock is owned by insiders.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).