Canadian Natural Resources Limited (TSE:CNQ) Receives Average Recommendation of “Moderate Buy” from Analysts

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$106.67.

Several analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Canadian Natural Resources from C$100.00 to C$120.00 in a research note on Tuesday, April 9th. ATB Capital upped their price target on 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. TD Securities upped 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. UBS Group upped their price target on Canadian Natural Resources from C$113.00 to C$124.00 in a report on Tuesday, April 9th. Finally, Jefferies Financial Group upped 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.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$106.85 on Thursday. The business has a 50 day moving average price of C$96.48 and a 200 day moving average price of C$90.67. Canadian Natural Resources has a twelve month low of C$69.83 and a twelve month high of C$112.99. The company has a market cap of C$114.33 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.53 and a beta of 1.98. 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) (NYSE:CNQ) last announced its earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share 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 firm had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. Research analysts predict that Canadian Natural Resources will post 7.6092114 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $1.05 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.93%. Canadian Natural Resources’s dividend payout ratio is presently 51.54%.

Insider Transactions at Canadian Natural Resources

In related news, Senior Officer Erin Louise Lunn sold 3,664 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$35.59, for a total transaction of C$130,419.35. In related news, Senior Officer Erin Louise Lunn sold 3,664 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$35.59, for a total transaction of C$130,419.35. Also, Senior Officer Warren Paul Raczynski sold 3,000 shares of the stock in a transaction that occurred 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 the last ninety days, insiders sold 332,363 shares of company stock valued at $32,567,851. Corporate 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).