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

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective raised by Evercore from C$105.00 to C$115.00 in a research note published on Monday morning, BayStreet.CA reports.

Other research analysts also recently issued reports about the company. ATB Capital increased their price objective on Canadian Natural Resources from C$100.00 to C$107.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Desjardins reduced their price target on Canadian Natural Resources from C$105.00 to C$97.00 and set a buy rating on the stock in a research report on Tuesday, January 23rd. CIBC raised their target price on Canadian Natural Resources from C$95.00 to C$105.00 and gave the stock an outperform rating in a research report on Friday, March 22nd. TD Securities raised their target price on Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a buy rating in a research report on Friday, March 1st. Finally, Wells Fargo & Company cut their price target on Canadian Natural Resources from C$95.00 to C$86.00 in a research report on Thursday, December 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$102.13.

Canadian Natural Resources Stock Down 0.6 %

Shares of CNQ opened at C$109.66 on Monday. The company has a market cap of C$117.34 billion, a PE ratio of 14.68, a P/E/G ratio of 0.53 and a beta of 1.98. Canadian Natural Resources has a 52-week low of C$69.83 and a 52-week high of C$110.35. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 31.01. The business has a fifty day moving average of C$93.88 and a 200 day moving average of C$89.84.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, topping analysts’ consensus estimates of C$2.14 by C$0.20. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. The business had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. On average, sell-side analysts expect that Canadian Natural Resources will post 7.4656696 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.20 annualized dividend and a yield of 3.83%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $1.00. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 51.54%.

Insiders Place Their Bets

In related news, Senior Officer Kyle Grayson Pisio sold 2,300 shares of Canadian Natural Resources stock in a transaction on Monday, January 15th. The stock was sold at an average price of C$88.49, for a total transaction of C$203,527.00. In related news, Senior Officer Trevor Wagil sold 1,126 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of C$86.33, for a total transaction of C$97,204.88. Also, Senior Officer Kyle Grayson Pisio sold 2,300 shares of Canadian Natural Resources stock in a transaction dated Monday, January 15th. The stock was sold at an average price of C$88.49, for a total value of C$203,527.00. Over the last quarter, insiders have sold 331,663 shares of company stock worth $32,438,948. Corporate insiders own 2.21% of the company’s stock.

About Canadian Natural Resources

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).