Canadian Natural Resources (TSE:CNQ) PT Raised to C$62.00 at Royal Bank of Canada

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target increased by Royal Bank of Canada from C$59.00 to C$62.00 in a report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Gerdes Energy Research increased their price target on Canadian Natural Resources from C$52.00 to C$53.00 in a research note on Tuesday. Raymond James cut their target price on Canadian Natural Resources from C$97.00 to C$49.00 and set a market perform rating on the stock in a research report on Wednesday, June 12th. National Bankshares cut their target price on Canadian Natural Resources from C$58.00 to C$52.00 in a research report on Friday, September 27th. TD Securities increased their target price on Canadian Natural Resources from C$56.00 to C$58.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Scotiabank cut their target price on Canadian Natural Resources from C$114.00 to C$57.00 and set a sector perform rating on the stock in a research report on Tuesday, June 11th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources has an average rating of Hold and an average price target of C$75.24.

Canadian Natural Resources Trading Up 2.7 %

Shares of Canadian Natural Resources stock opened at C$51.47 on Tuesday. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The firm has a market cap of C$109.63 billion, a PE ratio of 14.61, a P/E/G ratio of 0.53 and a beta of 1.91. The business’s fifty day moving average is C$47.13 and its two-hundred day moving average is C$70.12. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.04. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. The company had revenue of C$9.05 billion for the quarter, compared to analyst estimates of C$8.41 billion. Analysts anticipate that Canadian Natural Resources will post 3.6036866 earnings per share for the current year.

Canadian Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.08%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 59.26%.

Insider Activity

In other news, Senior Officer Trevor Wagil sold 4,272 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. In other news, Senior Officer Trevor Wagil sold 4,272 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. Insiders own 4.26% of the company’s stock.

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).