Canadian Natural Resources (TSE:CNQ - Free Report) NYSE: CNQ had its price objective upped by Stifel Nicolaus from C$110.00 to C$126.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
CNQ has been the topic of several other research reports. CIBC increased their target price on Canadian Natural Resources from C$105.00 to C$115.00 and gave the stock an outperform rating in a research report on Monday. TD Securities increased their target price 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. BMO Capital Markets increased their target price on Canadian Natural Resources from C$110.00 to C$115.00 in a research report on Thursday, March 28th. National Bankshares increased their target price on Canadian Natural Resources from C$94.00 to C$120.00 and gave the stock a sector perform rating in a research report on Friday. Finally, Evercore increased their target price on Canadian Natural Resources from C$105.00 to C$115.00 in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$111.00.
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Canadian Natural Resources Stock Performance
Canadian Natural Resources stock traded up C$0.09 during trading on Tuesday, hitting C$105.26. The stock had a trading volume of 5,338,330 shares, compared to its average volume of 6,348,821. Canadian Natural Resources has a 1 year low of C$69.83 and a 1 year high of C$112.99. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 31.01. The stock's 50 day moving average is C$99.39 and its two-hundred day moving average is C$91.54. The stock has a market cap of C$112.63 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98.
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 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of C$9.04 billion. As a group, analysts predict that Canadian Natural Resources will post 7.6092114 EPS for the current year.
Canadian Natural Resources Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Thursday, March 14th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $1.00. Canadian Natural Resources's dividend payout ratio is currently 51.54%.
Insider Activity at Canadian Natural Resources
In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total value of C$332,430.00. In related news, Director Stephen W. Laut acquired 414 shares of Canadian Natural Resources stock in a transaction dated Tuesday, April 2nd. The shares were purchased at an average cost of C$105.70 per share, with a total value of C$43,760.71. Also, Senior Officer Warren Paul Raczynski sold 3,000 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total value of C$332,430.00. Insiders have sold a total of 332,363 shares of company stock valued at $32,567,851 over the last 90 days. 2.20% of the stock is owned by insiders.
Canadian Natural Resources Company Profile
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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).
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