TD Securities Raises Canadian Natural Resources (TSE:CNQ) Price Target to C$117.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective lifted by TD Securities from C$112.00 to C$117.00 in a research note issued to investors on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the company. ATB Capital raised 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 note on Wednesday, March 20th. Royal Bank of Canada lifted their price objective on Canadian Natural Resources from C$100.00 to C$120.00 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on Canadian Natural Resources from C$102.00 to C$106.00 in a report on Monday, March 4th. BMO Capital Markets raised their target price on Canadian Natural Resources from C$110.00 to C$115.00 in a report on Thursday, March 28th. Finally, National Bankshares boosted their target price on Canadian Natural Resources from C$94.00 to C$120.00 and gave the stock a sector perform rating in a research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of Moderate Buy and an average target price of C$111.47.

Canadian Natural Resources Trading Down 0.3 %

Shares of CNQ stock opened at C$102.10 on Friday. The stock has a market cap of C$109.25 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.53 and a beta of 1.98. The firm has a fifty day moving average of C$102.37 and a 200-day moving average of C$92.38. Canadian Natural Resources has a 52-week low of C$69.83 and a 52-week high of C$112.99. The company has a debt-to-equity ratio of 27.94, a quick ratio of 0.54 and a current ratio of 0.88.

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

Canadian Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Monday, June 17th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 59.17%.

Insider Buying and Selling at Canadian Natural Resources

In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the business’s 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. In other news, Director Norman Murray Edwards sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$97.66, for a total transaction of C$1,318,349.25. Also, Senior Officer Warren Paul Raczynski sold 3,000 shares of Canadian Natural Resources 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 transaction of C$332,430.00. Insiders have sold a total of 330,009 shares of company stock valued at $32,364,302 in the last three months. 2.20% of the stock is currently owned by company insiders.

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).