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

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective lifted by National Bankshares from C$94.00 to C$120.00 in a research report report published on Friday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

CNQ has been the subject of a number of other research reports. BMO Capital Markets raised their price objective on shares of Canadian Natural Resources from C$110.00 to C$115.00 in a research report on Thursday, March 28th. Royal Bank of Canada upped their price objective on Canadian Natural Resources from C$100.00 to C$120.00 in a report on Tuesday, April 9th. ATB Capital raised their target price 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. UBS Group upped their price target on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a research note 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of Moderate Buy and a consensus price target of C$109.07.

Canadian Natural Resources Stock Down 0.1 %

Shares of TSE:CNQ opened at C$105.17 on Friday. The stock has a market cap of C$112.53 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.53 and a beta of 1.98. Canadian Natural Resources has a 1-year low of C$69.83 and a 1-year high of C$112.99. The firm has a fifty day moving average price of C$98.90 and a 200 day moving average price of C$91.39. The company has a debt-to-equity ratio of 31.01, a current ratio of 0.96 and a quick ratio of 0.54.

Canadian Natural Resources (TSE:CNQ) (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 firm 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%. Sell-side analysts predict that Canadian Natural Resources will post 7.6092114 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $1.05 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Thursday, March 14th. Canadian Natural Resources’s dividend payout ratio is currently 51.54%.

Insider Buying and Selling

In other news, Director Norman Murray Edwards sold 251,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$98.46, for a total value of C$24,762,187.00. In other news, Director Norman Murray Edwards sold 251,500 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$98.46, for a total transaction of C$24,762,187.00. 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 transaction of C$332,430.00. In the last quarter, insiders sold 332,363 shares of company stock worth $32,567,851. 2.20% of the stock is owned by corporate insiders.

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).