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

Canadian Natural Resources (TSE:CNQ - Free Report) NYSE: CNQ had its price objective hoisted by National Bankshares from C$94.00 to C$120.00 in a report issued on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

CNQ has been the topic of several other research reports. 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 research note on Wednesday, March 20th. Jefferies Financial Group raised their price target on Canadian Natural Resources from C$86.00 to C$110.00 and gave the company a hold rating in a report on Friday, April 12th. TD Securities lifted their price target 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. Royal Bank of Canada increased their price objective on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$108.40.

Canadian Natural Resources Stock Down 0.5 %

Shares of CNQ stock traded down C$0.53 during midday trading on Friday, reaching C$105.31. 4,479,844 shares of the stock were exchanged, compared to its average volume of 6,350,822. The firm has a market cap of C$112.68 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98. 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 company's 50 day moving average is C$97.97 and its two-hundred day moving average is C$91.01. Canadian Natural Resources has a 1 year low of C$69.83 and a 1 year high of C$112.99.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last posted its quarterly earnings data on Thursday, February 29th. The company reported C$2.34 earnings per share (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 business had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. On average, equities research analysts predict that Canadian Natural Resources will post 7.6092114 EPS for the current 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 annualized dividend and a dividend yield of 3.99%. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $1.00. Canadian Natural Resources's payout ratio is presently 51.54%.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the business's stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total transaction of C$332,430.00. In other Canadian Natural Resources news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total value of C$332,430.00. Also, Senior Officer Kyle Grayson Pisio sold 1,228 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of C$86.60, for a total transaction of C$106,344.80. Over the last 90 days, insiders have sold 332,363 shares of company stock valued at $32,567,851. 2.20% of the stock is owned by company 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).