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 target upped by National Bankshares from C$94.00 to C$120.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Scotiabank increased their target price on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a sector perform rating in a research note on Friday, March 1st. TD Securities increased their target price on shares of Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a buy rating in a research note on Friday, March 1st. Royal Bank of Canada raised their price objective on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a research report on Tuesday, April 9th. ATB Capital raised their price objective on shares of 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, JPMorgan Chase & Co. raised their price objective on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$108.40.

Canadian Natural Resources Stock Performance

TSE CNQ opened at C$105.31 on Friday. 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 has a 1 year low of C$69.83 and a 1 year high of C$112.99. The company has a market capitalization of C$112.68 billion, a PE ratio of 14.10, a P/E/G ratio of 0.53 and a beta of 1.98. The company has a fifty day moving average of C$98.44 and a two-hundred day moving average of C$91.14.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Thursday, February 29th. The company reported C$2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.14 by C$0.20. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. The company had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. As a group, analysts expect that Canadian Natural Resources will post 7.6092114 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

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

Insider Transactions at Canadian Natural Resources

In other news, Director Norman Murray Edwards sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$97.66, for a total transaction of C$1,318,349.25. In other Canadian Natural Resources news, Senior Officer Timothy Shawn Mckay sold 30,000 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$99.36, for a total value of C$2,980,797.00. Also, Director Norman Murray Edwards sold 13,500 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$97.66, for a total transaction of C$1,318,349.25. Insiders sold a total of 332,363 shares of company stock valued at $32,567,851 in the last ninety days. 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).