Canadian Natural Resources Limited (TSE:CNQ) Receives Average Rating of “Moderate Buy” from Analysts

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$105.73.

A number of research firms have weighed in on CNQ. National Bankshares increased their price target on shares of Canadian Natural Resources from C$90.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. CIBC lifted their target price on Canadian Natural Resources from C$95.00 to C$105.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Scotiabank upped their price target on Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. BMO Capital Markets lifted their price objective on Canadian Natural Resources from C$110.00 to C$115.00 in a research note on Thursday, March 28th. Finally, ATB Capital boosted their target price on Canadian Natural Resources from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th.

Insider Buying and Selling at Canadian Natural Resources

In other news, Senior Officer Trevor Wagil sold 1,126 shares of Canadian Natural Resources 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. In related news, Senior Officer Kyle Grayson Pisio sold 1,228 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of C$86.60, for a total value of C$106,344.80. Also, Senior Officer Trevor Wagil sold 1,126 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of C$86.33, for a total transaction of C$97,204.88. Insiders sold a total of 334,663 shares of company stock valued at $32,771,378 in the last ninety days. Insiders own 2.21% of the company’s stock.

Canadian Natural Resources Stock Performance

TSE CNQ opened at C$112.61 on Thursday. The business’s 50-day moving average price is C$94.89 and its 200 day moving average price is C$90.20. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 31.01. Canadian Natural Resources has a twelve month low of C$69.83 and a twelve month high of C$112.99. The company has a market capitalization of C$120.49 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, beating 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 company had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. On average, research analysts predict that Canadian Natural Resources will post 7.4656696 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently declared 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. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 14th. This represents a $4.20 annualized dividend and a yield of 3.73%. Canadian Natural Resources’s payout ratio is 51.54%.

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).