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

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

Other equities research analysts also recently issued reports about the stock. Desjardins dropped their price target on shares of Canadian Natural Resources from C$105.00 to C$97.00 and set a buy rating for the company in a research report on Tuesday, January 23rd. BMO Capital Markets lifted their price target on shares of Canadian Natural Resources from C$110.00 to C$115.00 in a research report on Thursday, March 28th. UBS Group lifted their price target on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a research report on Tuesday, April 9th. Scotiabank lifted their price target on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the company a sector perform rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$111.00.

Canadian Natural Resources Trading Up 0.8 %

Canadian Natural Resources stock opened at C$106.52 on Tuesday. Canadian Natural Resources has a 52 week low of C$69.83 and a 52 week high of C$112.99. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96. The stock has a market capitalization of C$113.98 billion, a P/E ratio of 14.26, a PEG ratio of 0.53 and a beta of 1.98. The stock has a 50-day simple moving average of C$100.72 and a 200 day simple moving average of C$91.89.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data 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 analysts’ expectations of C$9.04 billion. Analysts expect that Canadian Natural Resources will post 7.6092114 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

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

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Director Norman Murray Edwards sold 13,500 shares of the business’s stock in a transaction 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, Director Norman Murray Edwards sold 13,500 shares of the business’s stock in a transaction 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. Also, Senior Officer Erin Louise Lunn sold 3,664 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$35.59, for a total transaction of C$130,419.35. Insiders sold a total of 331,237 shares of company stock worth $32,470,646 over the last three months. 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).