Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$115.00 at Evercore

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ had its target price lifted by analysts at Evercore from C$105.00 to C$115.00 in a report released on Monday, BayStreet.CA reports. Evercore's price target suggests a potential upside of 4.87% from the stock's previous close.

Several other equities analysts also recently commented on CNQ. Desjardins lowered their price target on Canadian Natural Resources from C$105.00 to C$97.00 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a report on Monday, March 4th. ATB Capital upped their price target on shares of Canadian Natural Resources from C$100.00 to C$107.00 and gave the company an "outperform" rating in a report on Wednesday, March 20th. CIBC lifted their price objective on Canadian Natural Resources from C$95.00 to C$105.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Finally, TD Securities boosted their price objective on Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$102.13.

Canadian Natural Resources Stock Down 0.6 %

Shares of CNQ traded down C$0.66 during mid-day trading on Monday, hitting C$109.66. 5,211,969 shares of the company's stock were exchanged, compared to its average volume of 6,509,000. The stock has a market cap of C$117.34 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 0.53 and a beta of 1.98. Canadian Natural Resources has a twelve month low of C$69.83 and a twelve month high of C$110.35. The firm has a fifty day moving average of C$93.88 and a two-hundred day moving average of C$89.84. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 31.01.

Canadian Natural Resources (TSE:CNQ - Get Free Report) 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. The company had revenue of C$9.55 billion during the quarter, compared to analysts' expectations of C$9.04 billion. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. On average, sell-side analysts forecast that Canadian Natural Resources will post 7.4656696 earnings per share for the current year.

Insider Buying and Selling at Canadian Natural Resources

In related news, Senior Officer Calvin John Bast sold 3,750 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$97.62, for a total value of C$366,058.88. In other Canadian Natural Resources news, Senior Officer Calvin John Bast sold 3,750 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$97.62, for a total transaction of C$366,058.88. Also, Senior Officer Kyle Grayson Pisio sold 2,300 shares of Canadian Natural Resources stock in a transaction on Monday, January 15th. The shares were sold at an average price of C$88.49, for a total value of C$203,527.00. Insiders have sold 331,663 shares of company stock valued at $32,438,948 in the last 90 days. 2.21% 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).