Canadian Natural Resources (TSE:CNQ) PT Set at C$87.00 by Raymond James

Raymond James set a C$87.00 target price on Canadian Natural Resources (TSE:CNQGet Rating) (NYSE:CNQ) in a research note published on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CNQ has been the topic of several other reports. National Bankshares cut their price objective on shares of Canadian Natural Resources from C$100.00 to C$90.00 in a report on Thursday, April 14th. CSFB increased their price objective on shares of Canadian Natural Resources from C$63.00 to C$74.00 in a report on Monday, March 7th. Scotiabank increased their price objective on shares of Canadian Natural Resources from C$64.00 to C$80.00 in a report on Tuesday, March 8th. CIBC increased their price objective on shares of Canadian Natural Resources from C$80.00 to C$90.00 in a report on Thursday, April 14th. Finally, Bank of America raised their price target on shares of Canadian Natural Resources from C$68.00 to C$69.00 and gave the company a neutral rating in a report on Wednesday, January 12th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of C$75.55.

Canadian Natural Resources stock opened at C$82.04 on Friday. Canadian Natural Resources has a 12-month low of C$37.82 and a 12-month high of C$88.18. The stock has a market capitalization of C$95.37 billion and a P/E ratio of 12.70. The firm’s 50-day moving average is C$78.76 and its two-hundred day moving average is C$65.10. The company has a debt-to-equity ratio of 44.06, a current ratio of 0.80 and a quick ratio of 0.56.

Canadian Natural Resources (TSE:CNQGet Rating) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, March 3rd. The company reported C$2.21 earnings per share for the quarter, topping the consensus estimate of C$2.11 by C$0.10. The company had revenue of C$9.21 billion for the quarter, compared to analysts’ expectations of C$8.83 billion. As a group, analysts forecast that Canadian Natural Resources will post 8.6500001 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 17th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, June 16th. Canadian Natural Resources’s payout ratio is currently 46.44%.

In other Canadian Natural Resources news, Senior Officer William Robert Peterson sold 9,500 shares of Canadian Natural Resources stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of C$78.00, for a total value of C$741,018.05. Following the completion of the transaction, the insider now owns 107,683 shares of the company’s stock, valued at C$8,399,478.60. Also, Senior Officer Scott Gerald Stauth sold 26,000 shares of Canadian Natural Resources stock in a transaction on Friday, April 8th. The stock was sold at an average price of C$80.30, for a total transaction of C$2,087,800.00. Following the completion of the transaction, the insider now directly owns 49,221 shares of the company’s stock, valued at approximately C$3,952,446.30. Insiders have sold 79,615 shares of company stock valued at $6,250,593 in the last three months.

Canadian Natural Resources Company Profile (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.

See Also

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.