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

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective raised by investment analysts at BMO Capital Markets from C$110.00 to C$115.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 11.15% from the stock’s current price.

A number of other equities research analysts also recently commented on CNQ. JPMorgan Chase & Co. increased their price objective on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. Stifel Nicolaus raised their price target on Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. CIBC upped their price objective 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. National Bankshares raised their target price 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. Finally, Scotiabank raised their price objective on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$100.75.

Canadian Natural Resources Stock Up 1.0 %

Shares of Canadian Natural Resources stock traded up C$1.02 during trading hours on Thursday, reaching C$103.46. 886,241 shares of the company were exchanged, compared to its average volume of 6,347,851. The firm has a market cap of C$110.70 billion, a PE ratio of 13.85, a PEG ratio of 0.53 and a beta of 1.98. The stock’s fifty day moving average is C$90.11 and its 200 day moving average is C$88.58. Canadian Natural Resources has a 1 year low of C$69.83 and a 1 year high of C$103.52. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data 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 return on equity of 21.11% and a net margin of 22.89%. The business had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. As a group, equities research analysts forecast that Canadian Natural Resources will post 7.3588277 earnings per share for the current year.

Insider Transactions at Canadian Natural Resources

In related news, Director Norman Murray Edwards sold 270,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of C$88.86, for a total value of C$23,993,361.00. In other Canadian Natural Resources news, Director Norman Murray Edwards sold 270,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of C$88.86, for a total value of C$23,993,361.00. Also, Senior Officer Trevor Wagil sold 1,126 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of C$86.33, for a total transaction of C$97,204.88. Insiders have sold a total of 647,999 shares of company stock worth $60,737,470 over the last ninety days. 2.21% of the stock is currently owned by company insiders.

Canadian Natural Resources Company Profile

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).