Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$110.00 at Jefferies Financial Group

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target boosted by Jefferies Financial Group from C$86.00 to C$110.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other analysts have also recently issued reports on the company. Scotiabank raised their price objective on Canadian Natural Resources from C$90.00 to C$100.00 and gave the company a sector perform rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their price target on Canadian Natural Resources from C$100.00 to C$120.00 in a report on Tuesday, April 9th. Wells Fargo & Company dropped their price target on Canadian Natural Resources from C$95.00 to C$86.00 in a report on Thursday, December 14th. National Bankshares lifted their price target on Canadian Natural Resources from C$90.00 to C$94.00 and gave the stock a sector perform rating in a report on Friday, March 1st. Finally, Stifel Nicolaus 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 report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Canadian Natural Resources currently has an average rating of Moderate Buy and a consensus target price of C$106.67.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ opened at C$106.85 on Friday. The stock 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 52 week low of C$69.83 and a 52 week high of C$112.99. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96. The stock has a market capitalization of C$114.33 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings results 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 firm had revenue of C$9.55 billion during the quarter, compared to analysts’ expectations of C$9.04 billion. Analysts predict that Canadian Natural Resources will post 7.6092114 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

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

Insider Transactions at Canadian Natural Resources

In other news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the business’s stock in a transaction on 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 related news, Senior Officer Erin Louise Lunn sold 3,664 shares of the business’s stock in a transaction 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 business’s 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 the last quarter, insiders sold 332,363 shares of company stock valued at $32,567,851. Corporate insiders own 2.20% of the company’s stock.

Canadian Natural Resources Company Profile

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).