CIBC Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$115.00

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ had its price target upped by equities researchers at CIBC from C$105.00 to C$115.00 in a report issued on Monday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's target price would suggest a potential upside of 9.35% from the stock's current price.

Several other research analysts have also recently issued reports on CNQ. ATB Capital raised their price objective 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. Desjardins reduced their price objective on Canadian Natural Resources from C$105.00 to C$97.00 and set a "buy" rating for the company in a research note on Tuesday, January 23rd. Evercore boosted their price target on Canadian Natural Resources from C$105.00 to C$115.00 in a report on Monday, April 8th. TD Securities boosted their price target on Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a "buy" rating in a report on Friday, March 1st. Finally, Jefferies Financial Group boosted 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$109.07.

Canadian Natural Resources Stock Down 0.1 %

CNQ stock traded down C$0.14 during trading on Monday, reaching C$105.17. 7,196,491 shares of the company traded hands, compared to its average volume of 6,361,713. Canadian Natural Resources has a 12 month low of C$69.83 and a 12 month high of C$112.99. The business has a 50 day simple moving average of C$98.44 and a 200 day simple moving average of C$91.24. The company has a market capitalization of C$112.53 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last issued its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share for the quarter, topping the consensus estimate of C$2.14 by C$0.20. The business had revenue of C$9.55 billion during the quarter, compared to the consensus estimate 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, equities research analysts anticipate that Canadian Natural Resources will post 7.6092114 earnings per share for the current fiscal year.

Insider Activity

In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 1,126 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of C$86.33, for a total value of C$97,204.88. In related news, Senior Officer Kyle Grayson Pisio sold 1,228 shares of Canadian Natural Resources stock in a transaction on Monday, January 29th. The stock was sold at an average price of C$86.60, for a total transaction of C$106,344.80. Also, Senior Officer Trevor Wagil sold 1,126 shares of the firm's stock in a transaction on Friday, January 26th. The stock was sold at an average price of C$86.33, for a total value of C$97,204.88. Insiders have sold a total of 332,363 shares of company stock valued at $32,567,851 in the last quarter. Insiders own 2.20% of the company's stock.

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).