Canadian Natural Resources (TSE:CNQ) Price Target Increased to C$120.00 by Analysts at Royal Bank of Canada

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ had its price target increased by equities researchers at Royal Bank of Canada from C$100.00 to C$120.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada's price target would suggest a potential upside of 8.12% from the company's previous close.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price objective on shares of Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Evercore boosted their price objective on shares of Canadian Natural Resources from C$105.00 to C$115.00 in a research note on Monday. UBS Group boosted their price objective on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a research note on Tuesday. Scotiabank boosted their price objective on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a "sector perform" rating in a research note on Friday, March 1st. Finally, Wells Fargo & Company reduced their price objective on shares of Canadian Natural Resources from C$95.00 to C$86.00 in a research note on Thursday, December 14th. Five investment 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 company has a consensus rating of "Moderate Buy" and a consensus price target of C$105.73.

Canadian Natural Resources Stock Up 1.2 %

TSE CNQ traded up C$1.33 during trading on Tuesday, reaching C$110.99. The company's stock had a trading volume of 4,085,041 shares, compared to its average volume of 6,473,942. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 31.01. The stock has a market capitalization of C$118.76 billion, a PE ratio of 14.70, a PEG ratio of 0.53 and a beta of 1.98. The business has a 50-day moving average price of C$93.88 and a 200-day moving average price of C$89.84. Canadian Natural Resources has a 1-year low of C$69.83 and a 1-year high of C$111.04.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last posted its earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$2.14 by C$0.20. The firm 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 22.89% and a return on equity of 21.11%. On average, research analysts forecast that Canadian Natural Resources will post 7.4656696 earnings per share for the current fiscal year.

Insider Transactions at Canadian Natural Resources

In other news, Senior Officer Erin Louise Lunn sold 3,664 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$35.59, for a total value of C$130,419.35. In other news, Senior Officer Erin Louise Lunn sold 3,664 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$35.59, for a total value of C$130,419.35. Also, Director Stephen W. Laut bought 414 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was purchased at an average cost of C$105.70 per share, for a total transaction of C$43,760.71. In the last quarter, insiders have sold 331,663 shares of company stock valued at $32,438,948. 2.21% of the stock is owned by insiders.

About Canadian Natural Resources

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).