Canadian Natural Resources Limited (TSE:CNQ) Receives Consensus Rating of “Hold” from Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$90.88.

CNQ has been the subject of several recent research reports. Stifel Nicolaus increased their price target on shares of Canadian Natural Resources from C$110.00 to C$126.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Scotiabank cut their target price on Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 11th. Royal Bank of Canada upped their price target on Canadian Natural Resources from C$60.00 to C$62.00 in a research report on Friday, August 2nd. Wolfe Research raised Canadian Natural Resources to a “hold” rating in a report on Thursday, July 18th. Finally, Desjardins upped their target price on shares of Canadian Natural Resources from C$55.00 to C$56.00 and gave the stock a “hold” rating in a report on Friday, August 2nd.

Insiders Place Their Bets

In other news, Senior Officer Victor Clinton Darel sold 2,252 shares of the firm’s stock in a transaction dated Monday, May 27th. The shares were sold at an average price of C$104.80, for a total value of C$236,012.98. In other news, Senior Officer Victor Clinton Darel sold 2,252 shares of the stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$104.80, for a total value of C$236,012.98. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$48.43, for a total value of C$181,612.50. Company insiders own 4.24% of the company’s stock.

Canadian Natural Resources Trading Down 2.5 %

Shares of Canadian Natural Resources stock opened at C$48.65 on Wednesday. The company’s fifty day moving average price is C$48.32 and its two-hundred day moving average price is C$81.12. The firm has a market capitalization of C$103.62 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.53 and a beta of 1.92. Canadian Natural Resources has a 52-week low of C$40.02 and a 52-week high of C$56.49. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54.

Canadian Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a $0.525 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.10 dividend on an annualized basis and a yield of 4.32%. Canadian Natural Resources’s payout ratio is 59.09%.

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).