Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$117.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target increased by TD Securities from C$112.00 to C$117.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms have also recently issued reports on CNQ. UBS Group boosted their target price on Canadian Natural Resources from C$113.00 to C$124.00 in a research report on Tuesday, April 9th. Royal Bank of Canada increased their price objective on Canadian Natural Resources from C$100.00 to C$120.00 in a research report on Tuesday, April 9th. Scotiabank upped their price target on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a sector perform rating in a research note on Friday, March 1st. Desjardins cut shares of Canadian Natural Resources from a buy rating to a hold rating and raised their price objective for the company from C$104.00 to C$110.00 in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group upped their target price on shares of Canadian Natural Resources from C$86.00 to C$110.00 and gave the stock a hold rating in a research report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Canadian Natural Resources presently has a consensus rating of Moderate Buy and a consensus target price of C$111.47.

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$103.87 on Friday. The stock has a fifty day moving average price of C$102.67 and a 200 day moving average price of C$92.47. Canadian Natural Resources has a 1-year low of C$69.83 and a 1-year high of C$112.99. The company has a debt-to-equity ratio of 27.94, a current ratio of 0.88 and a quick ratio of 0.54. The company has a market cap of C$111.14 billion, a PE ratio of 15.37, a P/E/G ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, topping the consensus estimate of C$2.14 by C$0.20. Canadian Natural Resources had a net margin of 20.86% and a return on equity of 19.01%. The company had revenue of C$9.55 billion during the quarter, compared to analysts’ expectations of C$9.04 billion. Sell-side analysts forecast that Canadian Natural Resources will post 7.2308782 EPS for the current year.

Canadian Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Monday, June 17th. Canadian Natural Resources’s dividend payout ratio (DPR) is 59.17%.

Insider Activity at Canadian Natural Resources

In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total value of C$332,430.00. In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total value of C$332,430.00. Also, Senior Officer Erin Louise Lunn sold 3,664 shares of Canadian Natural Resources stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$35.59, for a total value of C$130,419.35. Over the last ninety days, insiders sold 329,759 shares of company stock worth $32,343,744. 2.20% of the stock is currently owned by insiders.

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).