CIBC Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$115.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price lifted by investment analysts at CIBC from C$105.00 to C$115.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 9.25% from the company’s current price.

A number of other equities analysts have also recently weighed in on CNQ. TD Securities upped their price objective on shares of Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, March 1st. ATB Capital upped their price objective on shares of Canadian Natural Resources from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. UBS Group upped their price objective on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a research report on Tuesday, April 9th. Jefferies Financial Group upped their price objective on shares of Canadian Natural Resources from C$86.00 to C$110.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, Scotiabank upped 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. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources presently has an average rating of “Moderate Buy” and an average target price of C$111.00.

Canadian Natural Resources Stock Up 0.1 %

Shares of Canadian Natural Resources stock opened at C$105.26 on Monday. The company has a fifty day moving average price of C$99.39 and a 200 day moving average price of C$91.54. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 31.01. Canadian Natural Resources has a twelve month low of C$69.83 and a twelve month high of C$112.99. The stock has a market cap of C$112.63 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.14 by C$0.20. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. The firm had revenue of C$9.55 billion during the quarter, compared to analysts’ expectations of C$9.04 billion. Equities research analysts forecast that Canadian Natural Resources will post 7.6092114 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 1,126 shares of Canadian Natural Resources stock in a transaction on Friday, January 26th. The shares were sold at an average price of C$86.33, for a total transaction of C$97,204.88. In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 1,126 shares of Canadian Natural Resources stock in a transaction on Friday, January 26th. The shares were sold at an average price of C$86.33, for a total transaction of C$97,204.88. Also, Senior Officer Warren Paul Raczynski sold 3,000 shares of Canadian Natural Resources stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total transaction of C$332,430.00. Insiders sold 332,363 shares of company stock valued at $32,567,851 in the last quarter. Company insiders own 2.20% of the company’s stock.

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).