RBC Capital reiterated their outperform rating on shares of Canadian Natural Resources Limited (TSE:CNQ) in a research note released on Tuesday morning, Market Beat reports. RBC Capital currently has a C$35.00 price objective on the stock.

In other news, insider Paul Martin Mendes sold 5,440 shares of the business’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of C$34.48, for a total value of C$187,571.20. Also, insider Ronald Keith Laing sold 1,100 shares of the business’s stock in a transaction on Monday, January 11th. The stock was sold at an average price of C$25.62, for a total transaction of C$28,182.00.

Other research analysts also recently issued reports about the stock. CIBC lifted their target price on shares of Canadian Natural Resources Limited from C$36.00 to C$40.00 in a research report on Friday, November 6th. Nomura lowered their price objective on shares of Canadian Natural Resources Limited from C$39.00 to C$34.00 in a research report on Thursday, January 21st. Raymond James lowered their price objective on shares of Canadian Natural Resources Limited from C$39.00 to C$36.00 in a research report on Tuesday, January 12th. Societe Generale lowered their price objective on shares of Canadian Natural Resources Limited from C$40.00 to C$35.00 and set a buy rating on the stock in a research report on Monday, January 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Canadian Natural Resources Limited to C$30.00 and set a neutral rating on the stock in a research report on Tuesday, December 15th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$36.50.

Shares of Canadian Natural Resources Limited (TSE:CNQ) opened at 29.18 on Tuesday. The company’s 50-day moving average is $27.73 and its 200-day moving average is $29.59. Canadian Natural Resources Limited has a 12-month low of $21.27 and a 12-month high of $42.46. The firm has a market capitalization of $31.94 billion and a price-to-earnings ratio of 75.01.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Friday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Wednesday, December 9th.

Canadian Natural Resources Limited is an independent crude oil and natural gas producer. The Company’s diversified, balanced resource base consists of both dry and liquids-rich natural gas, heavy crude oil, bitumen, medium and light crude oil and synthetic crude oil. Its reserves were approximately 8.89 billion barrel of oil equivalent. Its segments include North America, North Sea, Offshore Africa, Oil Sands Mining and Upgrading, and Midstream. It has a portfolio of assets with production and development of both natural gas and crude oil. North America serve as its main operations with international exposure provided through operations in the United Kingdom portion of the North Sea and Offshore Africa.

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