Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$115.00 at BMO Capital Markets

Canadian Natural Resources (TSE:CNQFree Report) (NYSE:CNQ) had its price objective boosted by BMO Capital Markets from C$110.00 to C$115.00 in a report issued on Thursday, BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the company. Evercore lifted their target price on Canadian Natural Resources from C$90.00 to C$105.00 and gave the stock an in-line rating in a research note on Friday, March 1st. Stifel Nicolaus boosted their price objective on Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a buy rating in a research note on Tuesday, March 5th. National Bankshares boosted their price objective on Canadian Natural Resources from C$90.00 to C$94.00 and gave the company a sector perform rating in a research note on Friday, March 1st. Scotiabank boosted their price objective on Canadian Natural Resources from C$90.00 to C$100.00 and gave the company a sector perform rating in a research note on Friday, March 1st. Finally, Desjardins lowered their price objective on Canadian Natural Resources from C$105.00 to C$97.00 and set a buy rating on the stock in a research note on Tuesday, January 23rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$100.75.

Read Our Latest Stock Analysis on Canadian Natural Resources

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$103.33 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 31.01. The stock’s fifty day simple moving average is C$90.46 and its two-hundred day simple moving average is C$88.68. Canadian Natural Resources has a 1-year low of C$69.83 and a 1-year high of C$103.61. The stock has a market cap of C$110.56 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQGet Free Report) (NYSE:CNQ) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$2.34 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of C$9.55 billion for the quarter, compared to analysts’ expectations of C$9.04 billion. As a group, analysts forecast that Canadian Natural Resources will post 7.3588277 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a $1.05 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $4.20 dividend on an annualized basis and a yield of 4.06%. Canadian Natural Resources’s payout ratio is presently 51.54%.

Insider Buying and Selling

In related news, Senior Officer Scott Gerald Stauth sold 13,250 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$102.32, for a total value of C$1,355,779.75. In other Canadian Natural Resources news, Senior Officer Scott Gerald Stauth sold 13,250 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$102.32, for a total value of C$1,355,779.75. Also, Senior Officer Trevor Wagil sold 1,126 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of C$86.33, for a total value of C$97,204.88. Insiders sold 647,999 shares of company stock worth $60,737,470 in the last quarter. 2.21% of the stock is owned by insiders.

About Canadian Natural Resources

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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).

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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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