TD Securities Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$117.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target upped by TD Securities from C$112.00 to C$117.00 in a report published on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CNQ has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of Canadian Natural Resources from C$110.00 to C$126.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Evercore increased their price target on Canadian Natural Resources from C$105.00 to C$115.00 in a report on Monday, April 8th. Scotiabank raised 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 report on Friday, March 1st. Jefferies Financial Group increased their target price on Canadian Natural Resources from C$86.00 to C$110.00 and gave the stock a hold rating in a research note on Friday, April 12th. Finally, National Bankshares lifted their price target on shares of Canadian Natural Resources from C$94.00 to C$120.00 and gave the company a sector perform rating in a research note on Friday, April 19th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of C$111.47.

Canadian Natural Resources Trading Down 0.3 %

TSE CNQ opened at C$102.10 on Friday. 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 12 month low of C$69.83 and a 12 month high of C$112.99. The company has a market capitalization of C$109.25 billion, a PE ratio of 13.67, a P/E/G ratio of 0.53 and a beta of 1.98. The stock has a 50-day simple moving average of C$102.09 and a 200 day simple moving average of C$92.30.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly 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. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. The company had revenue of C$9.55 billion during the quarter, compared to analysts’ expectations of C$9.04 billion. Research analysts forecast that Canadian Natural Resources will post 7.6092114 EPS for the current year.

Canadian Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.20 dividend on an annualized basis and a yield of 4.11%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 51.54%.

Insiders Place Their Bets

In other news, Director Stephen W. Laut bought 414 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were bought at an average price of C$105.70 per share, for a total transaction of C$43,760.71. In other Canadian Natural Resources news, Director Stephen W. Laut purchased 414 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were acquired at an average cost of C$105.70 per share, for a total transaction of C$43,760.71. Also, Senior Officer Devin Craig Lowe sold 1,170 shares of Canadian Natural Resources stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$96.61, for a total transaction of C$113,033.70. Insiders sold 330,009 shares of company stock worth $32,364,302 over the last three months. Insiders own 2.20% 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).