Analysts Set Canadian Natural Resources Limited (TSE:CNQ) PT at C$111.47

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$111.47.

CNQ has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Canadian Natural Resources from C$110.00 to C$126.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price target on Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. CIBC raised their price objective on Canadian Natural Resources from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Jefferies Financial Group increased their price target 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. Finally, Scotiabank boosted their price objective on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st.

Insider Activity

In other news, Senior Officer Calvin John Bast sold 3,750 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of C$97.62, for a total transaction of C$366,058.88. In related news, Senior Officer Calvin John Bast sold 3,750 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$97.62, for a total transaction of C$366,058.88. Also, Director Stephen W. Laut purchased 414 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were acquired at an average cost of C$105.70 per share, with a total value of C$43,760.71. Insiders have sold 329,759 shares of company stock worth $32,343,744 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Canadian Natural Resources Trading Up 1.0 %

Canadian Natural Resources stock opened at C$105.96 on Monday. The firm has a market cap of C$113.38 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98. The company has a debt-to-equity ratio of 27.94, a quick ratio of 0.54 and a current ratio of 0.88. The firm’s 50 day moving average price is C$102.98 and its two-hundred day moving average price is C$92.58. Canadian Natural Resources has a 1 year low of C$69.83 and a 1 year high of C$112.99.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, beating the consensus estimate of C$2.14 by C$0.20. The business had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%. On average, research analysts predict that Canadian Natural Resources will post 7.2308782 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.20 dividend on an annualized basis and a yield of 3.96%. Canadian Natural Resources’s payout ratio is 59.17%.

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).