Canadian Natural Resources (TSE:CNQ) PT Raised to C$120.00 at National Bankshares

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective hoisted by National Bankshares from C$94.00 to C$120.00 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts also recently commented on the company. Scotiabank increased their price objective on 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. JPMorgan Chase & Co. boosted their price target on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a report on Monday, March 4th. Desjardins decreased their price objective on shares of Canadian Natural Resources from C$105.00 to C$97.00 and set a buy rating for the company in a research note on Tuesday, January 23rd. Stifel Nicolaus boosted their target price on shares of Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Finally, TD Securities increased their target price on Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a buy rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$109.07.

Canadian Natural Resources Stock Down 0.1 %

CNQ opened at C$105.17 on Friday. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96. The company has a market capitalization of C$112.53 billion, a PE ratio of 14.08, a P/E/G ratio of 0.53 and a beta of 1.98. The stock’s fifty day moving average is C$98.90 and its 200-day moving average is C$91.39. Canadian Natural Resources has a one year low of C$69.83 and a one year high of C$112.99.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly 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 22.89% and a return on equity of 21.11%. The firm had revenue of C$9.55 billion for the quarter, compared to analysts’ expectations of C$9.04 billion. On average, equities analysts predict that Canadian Natural Resources will post 7.6092114 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.20 dividend on an annualized basis and a yield of 3.99%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. Canadian Natural Resources’s dividend payout ratio is currently 51.54%.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Director Norman Murray Edwards sold 13,500 shares of the stock in a transaction 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. In other Canadian Natural Resources news, Director Norman Murray Edwards sold 13,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$97.66, for a total transaction of C$1,318,349.25. Also, Director Stephen W. Laut sold 2,935 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$97.20, for a total transaction of C$285,282.00. Over the last quarter, insiders have sold 332,363 shares of company stock valued at $32,567,851. 2.20% of the stock is currently owned by corporate 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).