BMO Capital Markets Cuts Canadian Natural Resources (TSE:CNQ) Price Target to C$58.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective trimmed by BMO Capital Markets from C$60.00 to C$58.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. TD Securities set a C$58.00 price target on shares of Canadian Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. ATB Capital increased their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lifted their price objective 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. Finally, Jefferies Financial Group boosted their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold” and an average target price of C$71.94.

Canadian Natural Resources Stock Down 0.5 %

TSE CNQ opened at C$44.78 on Friday. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The firm has a market cap of C$95.38 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The stock’s 50 day simple moving average is C$47.86 and its 200 day simple moving average is C$51.80. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49.

Canadian Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.69%. Canadian Natural Resources’s payout ratio is 60.97%.

Insider Activity at Canadian Natural Resources

In other news, Senior Officer Trevor Wagil sold 4,272 shares of the business’s stock in a transaction that occurred 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, Senior Officer Devin Craig Lowe sold 3,750 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total value of C$183,900.00. In the last ninety days, insiders sold 16,422 shares of company stock worth $785,328. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Company Profile

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).