Canadian Natural Resources (TSE:CNQ) PT Raised to C$57.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective raised by Jefferies Financial Group from C$49.00 to C$57.00 in a research note published on Friday morning, BayStreet.CA reports.

A number of other research firms also recently commented on CNQ. CIBC raised their price objective on Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. ATB Capital raised their price target on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an outperform rating in a report on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 and gave the stock an outperform rating in a research note on Tuesday, October 8th. Gerdes Energy Research increased their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 in a research report on Tuesday, October 8th. Finally, Desjardins upgraded shares of Canadian Natural Resources from a hold rating to a buy rating and lifted their target price for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of C$74.13.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at C$51.71 on Friday. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The company has a 50 day moving average price of C$47.35 and a 200 day moving average price of C$69.05. The firm has a market capitalization of C$110.14 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.91.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.04. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. The business had revenue of C$9.05 billion during the quarter, compared to the consensus estimate of C$8.41 billion. Sell-side analysts anticipate that Canadian Natural Resources will post 3.6036866 EPS for the current year.

Canadian Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 dividend on an annualized basis and a yield of 4.06%. Canadian Natural Resources’s dividend payout ratio (DPR) is 59.26%.

Insider Transactions at Canadian Natural Resources

In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of C$49.04, for a total value of C$183,900.00. In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of C$47.51, for a total transaction of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Insiders own 4.26% 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).