Stifel Nicolaus Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$126.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective upped by Stifel Nicolaus from C$110.00 to C$126.00 in a report published on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

CNQ has been the topic of a number of other research reports. TD Securities upped their target price on Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a buy rating in a research note on Friday, March 1st. UBS Group upped their price target on Canadian Natural Resources from C$113.00 to C$124.00 in a report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price target on Canadian Natural Resources from C$102.00 to C$106.00 in a report on Monday, March 4th. Desjardins reduced their price target on Canadian Natural Resources from C$105.00 to C$97.00 and set a buy rating for the company in a report on Tuesday, January 23rd. Finally, ATB Capital upped their price target on Canadian Natural Resources from C$100.00 to C$107.00 and gave the stock an outperform rating in a report on Wednesday, March 20th. 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 MarketBeat, Canadian Natural Resources presently has a consensus rating of Moderate Buy and an average price target of C$111.00.

Canadian Natural Resources Stock Up 0.2 %

Shares of CNQ opened at C$105.68 on Tuesday. 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 quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 31.01. The company has a market capitalization of C$113.08 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.53 and a beta of 1.98. The stock’s 50-day moving average price is C$100.29 and its 200-day moving average price is C$91.74.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, topping analysts’ consensus estimates of C$2.14 by C$0.20. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. The firm had revenue of C$9.55 billion for the quarter, compared to the consensus estimate of C$9.04 billion. On average, sell-side analysts predict that Canadian Natural Resources will post 7.6092114 EPS for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.97%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $1.00. Canadian Natural Resources’s dividend payout ratio is presently 51.54%.

Insider Buying and Selling at Canadian Natural Resources

In related news, Senior Officer Erin Louise Lunn sold 3,664 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$35.59, for a total value of C$130,419.35. In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the stock in a transaction that occurred 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 the stock in a transaction that occurred 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. Insiders sold 331,237 shares of company stock valued at $32,470,646 over the last quarter. 2.20% of the stock is currently owned by 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).