Analysts Set Canadian Natural Resources Limited (TSE:CNQ) Target Price at C$105.73

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$106.67.

A number of research analysts have commented on the company. UBS Group increased their price objective on Canadian Natural Resources from C$113.00 to C$124.00 in a research report on Tuesday, April 9th. Jefferies Financial Group increased their price objective on Canadian Natural Resources from C$86.00 to C$110.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Stifel Nicolaus increased their price objective on Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. ATB Capital increased their price objective on Canadian Natural Resources from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Finally, TD Securities raised their price target 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.

Insiders Place Their Bets

In other Canadian Natural Resources news, Senior Officer Warren Paul Raczynski sold 3,000 shares of Canadian Natural Resources stock in a transaction dated 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 other Canadian Natural Resources news, Director Norman Murray Edwards sold 13,500 shares of Canadian Natural Resources stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$97.66, for a total value of C$1,318,349.25. Also, Senior Officer Warren Paul Raczynski sold 3,000 shares of Canadian Natural Resources 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. Over the last ninety days, insiders have sold 332,363 shares of company stock worth $32,567,851. Corporate insiders own 2.20% of the company’s stock.

Canadian Natural Resources Trading Down 0.7 %

CNQ stock opened at C$106.30 on Thursday. The business has a fifty day moving average price of C$97.48 and a 200 day moving average price of C$90.91. Canadian Natural Resources has a fifty-two week low of C$69.83 and a fifty-two week high of C$112.99. The stock has a market capitalization of C$113.74 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.53 and a beta of 1.98. 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 released its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.14 by C$0.20. The firm had revenue of C$9.55 billion during the quarter, compared to analysts’ expectations of C$9.04 billion. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. Analysts expect that Canadian Natural Resources will post 7.6092114 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 3.95%. Canadian Natural Resources’s payout ratio is currently 51.54%.

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).