Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$110.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective increased by research analysts at Jefferies Financial Group from C$86.00 to C$110.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 0.88% from the company’s previous close.

A number of other analysts also recently issued reports on CNQ. Stifel Nicolaus raised their price target on Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. TD Securities raised their price target 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. National Bankshares raised their price target on Canadian Natural Resources from C$90.00 to C$94.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Royal Bank of Canada raised their price target on Canadian Natural Resources from C$100.00 to C$120.00 in a research report on Tuesday, April 9th. Finally, BMO Capital Markets increased their target price on Canadian Natural Resources from C$110.00 to C$115.00 in a research note on Thursday, March 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and an average price target of C$106.67.

Canadian Natural Resources Stock Down 1.7 %

TSE CNQ opened at C$109.04 on Friday. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96. The company has a market capitalization of C$116.67 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.53 and a beta of 1.98. Canadian Natural Resources has a one year low of C$69.83 and a one year high of C$112.99. The stock has a 50 day moving average price of C$95.97 and a 200-day moving average price of C$90.53.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its earnings results 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. The firm had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. As a group, equities analysts predict that Canadian Natural Resources will post 7.4656696 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total value of C$332,430.00. In other Canadian Natural Resources news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$110.81, for a total transaction of C$332,430.00. Also, Director Norman Murray Edwards sold 251,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$98.46, for a total transaction of C$24,762,187.00. In the last ninety days, insiders have sold 334,663 shares of company stock worth $32,771,378. 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).