Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) declared a quarterly dividend on Thursday, March 1st, RTT News reports. Investors of record on Friday, March 16th will be paid a dividend of 0.335 per share on Sunday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, March 15th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.28.
Canadian Natural Resources (CNQ) opened at C$38.90 on Friday. Canadian Natural Resources has a 1-year low of C$35.90 and a 1-year high of C$47.00. The company has a market cap of $47,570.00, a PE ratio of 19.16 and a beta of 0.96.
A number of research analysts recently commented on the stock. Royal Bank of Canada increased their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “top pick” rating in a report on Friday, March 2nd. Wells Fargo & Co increased their price target on shares of Canadian Natural Resources from C$52.00 to C$59.00 in a report on Thursday, January 11th. Eight Capital set a C$60.00 price target on shares of Canadian Natural Resources and gave the company a “buy” rating in a report on Thursday, January 11th. National Bank Financial increased their price target on shares of Canadian Natural Resources from C$52.00 to C$64.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, Barclays increased their price target on shares of Canadian Natural Resources from C$38.00 to C$41.00 in a report on Monday, November 20th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$53.79.
About Canadian Natural Resources
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.
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