Canadian Natural Resources (TSE:CNQ) Price Target Lowered to C$55.00 at Jefferies Financial Group

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price cut by Jefferies Financial Group from C$110.00 to C$55.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also issued reports on CNQ. Evercore boosted their price target on Canadian Natural Resources from C$105.00 to C$115.00 in a report on Monday, April 8th. BMO Capital Markets upped their target price on Canadian Natural Resources from C$110.00 to C$115.00 in a report on Thursday, March 28th. Scotiabank cut their price target on Canadian Natural Resources from C$114.00 to C$57.00 and set a sector perform rating on the stock in a research note on Tuesday, June 11th. Royal Bank of Canada lifted their price objective on Canadian Natural Resources from C$100.00 to C$120.00 in a report on Tuesday, April 9th. Finally, UBS Group boosted their price target on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a report on Tuesday, April 9th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of C$101.44.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ opened at C$48.83 on Monday. The company has a market capitalization of C$52.25 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.53 and a beta of 1.97. The firm’s 50-day moving average is C$73.45 and its 200 day moving average is C$87.58. Canadian Natural Resources has a 12 month low of C$36.97 and a 12 month high of C$56.49. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 31.83.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$1.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.40 by C($0.03). The company had revenue of C$8.24 billion for the quarter, compared to the consensus estimate of C$8.17 billion. Canadian Natural Resources had a net margin of 20.86% and a return on equity of 19.01%. Research analysts predict that Canadian Natural Resources will post 6.8572356 EPS for the current year.

Canadian Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $4.20 dividend on an annualized basis and a yield of 8.60%. Canadian Natural Resources’s dividend payout ratio is currently 58.65%.

Insider Buying and Selling

In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$48.43, for a total value of C$181,612.50. In related news, Senior Officer Victor Clinton Darel sold 2,252 shares of the stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$104.80, for a total value of C$236,012.98. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$48.43, for a total value of C$181,612.50. Insiders have sold a total of 6,003 shares of company stock valued at $417,729 over the last ninety days. Company insiders own 2.21% of the company’s stock.

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).