Canadian Natural Resources (TSE:CNQ - Free Report) NYSE: CNQ had its target price lifted by Royal Bank of Canada from C$62.00 to C$63.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other equities analysts also recently issued reports on CNQ. Raymond James increased their price target on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a "market perform" rating in a research report on Friday. ATB Capital upped their target price on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. National Bankshares increased their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a report on Tuesday, October 8th. CIBC boosted their target price on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group raised their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$74.31.
Check Out Our Latest Analysis on CNQ
Canadian Natural Resources Stock Performance
Shares of TSE:CNQ traded down C$0.07 during midday trading on Friday, reaching C$47.28. The company's stock had a trading volume of 3,601,121 shares, compared to its average volume of 11,837,672. The firm has a market capitalization of C$100.71 billion, a PE ratio of 13.47, a P/E/G ratio of 0.53 and a beta of 1.89. The stock has a fifty day moving average of C$47.36 and a 200 day moving average of C$64.64. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64.
Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last posted its earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping the consensus estimate 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 firm had revenue of C$9.05 billion for the quarter, compared to analyst estimates of C$8.41 billion. On average, equities analysts expect that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.
Canadian Natural Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources's dividend payout ratio is currently 60.97%.
Insider Activity
In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business's stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. In other 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 transaction of C$183,900.00. Also, Senior Officer Trevor Wagil sold 4,272 shares of the firm's stock in a transaction that occurred 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. Insiders own 4.26% of the company's stock.
Canadian Natural Resources Company Profile
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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).
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