Canadian Natural Resources (TSE:CNQ) Given a C$58.00 Price Target at TD Securities

TD Securities set a C$58.00 price objective on Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also issued reports on CNQ. CIBC lifted their price target on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. Jefferies Financial Group increased their price target on Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. BMO Capital Markets boosted their price objective on Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. National Bankshares raised their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$74.31.

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$48.14 on Tuesday. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. The firm has a 50-day moving average of C$47.83 and a two-hundred day moving average of C$55.77. The company has a market capitalization of C$102.54 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.97%.

Insider Activity at Canadian Natural Resources

In other news, Senior Officer Trevor Wagil sold 4,272 shares of the 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 value of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total transaction of C$183,900.00. In the last quarter, insiders sold 16,422 shares of company stock valued at $785,328. 4.26% of the stock is owned by corporate insiders.

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).