Stifel Nicolaus Raises Canadian Natural Resources (TSE:CNQ) Price Target to C$126.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target lifted by Stifel Nicolaus from C$110.00 to C$126.00 in a report issued on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms also recently commented on CNQ. Desjardins dropped their price objective on Canadian Natural Resources from C$105.00 to C$97.00 and set a buy rating on the stock in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Canadian Natural Resources from C$102.00 to C$106.00 in a research note on Monday, March 4th. Evercore boosted their price objective on Canadian Natural Resources from C$105.00 to C$115.00 in a research note on Monday, April 8th. Royal Bank of Canada boosted their price objective on Canadian Natural Resources from C$100.00 to C$120.00 in a research note on Tuesday, April 9th. Finally, ATB Capital boosted their price objective on Canadian Natural Resources from C$100.00 to C$107.00 and gave the stock an outperform rating in a research note on Wednesday, March 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$111.00.

Canadian Natural Resources Trading Up 0.8 %

Shares of CNQ stock opened at C$106.52 on Tuesday. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96. Canadian Natural Resources has a 1 year low of C$69.83 and a 1 year high of C$112.99. The stock has a fifty day moving average of C$100.72 and a two-hundred day moving average of C$91.89. The firm has a market capitalization of C$113.98 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$9.55 billion during the quarter, compared to analyst estimates of C$9.04 billion. As a group, research analysts expect that Canadian Natural Resources will post 7.6092114 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $1.05 per share. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.94%. Canadian Natural Resources’s payout ratio is currently 51.54%.

Insider Activity

In other news, Senior Officer Kyle Grayson Pisio sold 1,228 shares of Canadian Natural Resources stock in a transaction on Monday, January 29th. The stock was sold at an average price of C$86.60, for a total transaction of C$106,344.80. In other news, Senior Officer Kyle Grayson Pisio sold 1,228 shares of Canadian Natural Resources stock in a transaction on Monday, January 29th. The stock was sold at an average price of C$86.60, for a total transaction of C$106,344.80. Also, Director Norman Murray Edwards sold 251,500 shares of the business’s stock in a transaction dated 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. Over the last quarter, insiders have sold 331,237 shares of company stock worth $32,470,646. 2.20% of the stock is owned by corporate insiders.

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).