Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$57.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective hoisted by Jefferies Financial Group from C$49.00 to C$57.00 in a research report released on Friday morning, BayStreet.CA reports.

CNQ has been the subject of several other research reports. CIBC increased their price target on Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Desjardins upgraded shares of Canadian Natural Resources from a hold rating to a buy rating and increased their target price for the company from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Gerdes Energy Research boosted their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 in a research report on Tuesday, October 8th. TD Securities increased their price objective on shares of Canadian Natural Resources from C$56.00 to C$58.00 and gave the company a buy rating in a report on Tuesday, October 8th. Finally, ATB Capital raised their price objective on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an outperform rating in a research note on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of C$74.13.

Canadian Natural Resources Trading Up 0.5 %

Canadian Natural Resources stock opened at C$51.71 on Friday. Canadian Natural Resources has a 52-week low of C$40.02 and a 52-week high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The firm has a market capitalization of C$110.14 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.53 and a beta of 1.91. The firm has a 50-day moving average price of C$47.35 and a two-hundred day moving average price of C$69.05.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of C$9.05 billion during the quarter, compared to the consensus estimate of C$8.41 billion. Sell-side analysts expect that Canadian Natural Resources will post 3.6036866 earnings per share for the current year.

Canadian Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio is 59.26%.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Also, Senior Officer Trevor Wagil sold 4,272 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of C$47.51, for a total transaction of C$202,966.99. 4.26% of the stock is currently 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).