Canadian Natural Resources (TSE:CNQ) PT Raised to C$117.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target hoisted by TD Securities from C$112.00 to C$117.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 14.59% from the company’s current price.

Several other brokerages have also recently commented on CNQ. National Bankshares raised their target price on shares of Canadian Natural Resources from C$94.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. ATB Capital raised their price objective on shares of Canadian Natural Resources from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Royal Bank of Canada boosted their target price on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a research note on Tuesday, April 9th. BMO Capital Markets raised their target price on Canadian Natural Resources from C$110.00 to C$115.00 in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their price target on Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$111.47.

Canadian Natural Resources Trading Down 0.3 %

Shares of TSE:CNQ opened at C$102.10 on Friday. The company has a debt-to-equity ratio of 27.94, a quick ratio of 0.54 and a current ratio of 0.88. The stock has a market capitalization of C$109.25 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 0.53 and a beta of 1.98. Canadian Natural Resources has a 1-year low of C$69.83 and a 1-year high of C$112.99. The company has a 50 day moving average price of C$102.37 and a 200 day moving average price of C$92.37.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Thursday, February 29th. The company reported C$2.34 earnings per share for the quarter, topping the consensus estimate of C$2.14 by C$0.20. Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%. The business had revenue of C$9.55 billion during the quarter, compared to analyst estimates of C$9.04 billion. On average, research analysts anticipate that Canadian Natural Resources will post 7.2308782 EPS for the current fiscal year.

Insider Buying and Selling at Canadian Natural Resources

In other news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the stock in a transaction 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. In other Canadian Natural Resources news, Senior Officer Erin Louise Lunn sold 3,664 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$35.59, for a total transaction of C$130,419.35. Also, Senior Officer Warren Paul Raczynski sold 3,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total transaction of C$332,430.00. Insiders sold 330,009 shares of company stock worth $32,364,302 over the last ninety days. 2.20% of the stock is currently owned by insiders.

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).