Canadian Natural Resources (TSE:CNQ) PT Lowered to C$90.00 at National Bankshares

Canadian Natural Resources (TSE:CNQGet Rating) (NYSE:CNQ) had its target price lowered by National Bankshares from C$100.00 to C$90.00 in a research note released on Thursday morning, BayStreet.CA reports.

Several other research firms have also recently commented on CNQ. Barclays reissued an outperform rating and set a C$57.00 price target on shares of Canadian Natural Resources in a research note on Monday, March 7th. BMO Capital Markets raised their price objective on shares of Canadian Natural Resources from C$80.00 to C$92.00 in a research note on Monday, March 14th. Raymond James raised their price objective on shares of Canadian Natural Resources from C$77.00 to C$87.00 and gave the company an outperform rating in a research note on Friday, March 25th. National Bank Financial raised their price objective on shares of Canadian Natural Resources from C$69.00 to C$76.00 and gave the company an outperform rating in a research note on Thursday, January 6th. Finally, Royal Bank of Canada raised their price objective on shares of Canadian Natural Resources from C$80.00 to C$85.00 and gave the company an outperform rating in a research note on Thursday, March 31st. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of C$72.35.

TSE CNQ opened at C$83.00 on Thursday. The firm has a market cap of C$96.49 billion and a price-to-earnings ratio of 12.85. The company has a 50 day moving average of C$74.15 and a 200-day moving average of C$61.46. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 44.06. Canadian Natural Resources has a 1-year low of C$36.23 and a 1-year high of C$83.01.

Canadian Natural Resources (TSE:CNQGet Rating) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, March 3rd. The company reported C$2.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.11 by C$0.10. The firm had revenue of C$9.21 billion for the quarter, compared to analyst estimates of C$8.83 billion. On average, analysts forecast that Canadian Natural Resources will post 8.1000004 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Shareholders of record on Friday, March 18th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, March 17th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.47. Canadian Natural Resources’s payout ratio is 30.92%.

In other news, Senior Officer Timothy Shawn Mckay sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 25th. The stock was sold at an average price of C$63.95, for a total value of C$2,877,709.50. Following the transaction, the insider now owns 1,180,395 shares of the company’s stock, valued at C$75,485,197.89. Also, Director Stephen W. Laut sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 17th. The shares were sold at an average price of C$66.18, for a total value of C$330,918.50. Following the completion of the transaction, the director now directly owns 1,945,864 shares in the company, valued at approximately C$128,784,479.22. In the last three months, insiders have sold 164,615 shares of company stock worth $11,768,452.

About Canadian Natural Resources (Get Rating)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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