Canadian Natural Resources (TSE:CNQ) PT Raised to C$126.00 at Stifel Nicolaus

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target raised by Stifel Nicolaus from C$110.00 to C$126.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 19.51% from the stock’s current price.

CNQ has been the topic of several other research reports. TD Securities increased their target price on Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, March 1st. CIBC increased their target price on Canadian Natural Resources from C$105.00 to C$115.00 and gave the company an “outperform” rating in a report on Monday. UBS Group increased their target price on Canadian Natural Resources from C$113.00 to C$124.00 in a report on Tuesday, April 9th. National Bankshares increased their target price on Canadian Natural Resources from C$94.00 to C$120.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Finally, Jefferies Financial Group increased their target price on Canadian Natural Resources from C$86.00 to C$110.00 and gave the company a “hold” rating in a report on Friday, April 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$111.00.

Canadian Natural Resources Stock Up 0.2 %

Canadian Natural Resources stock opened at C$105.43 on Tuesday. Canadian Natural Resources has a twelve month low of C$69.83 and a twelve month high of C$112.99. The stock’s fifty day simple moving average is C$99.87 and its 200-day simple moving average is C$91.64. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 31.01. The firm has a market capitalization of C$112.81 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$2.34 earnings per share 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 for the quarter, compared to analyst estimates of C$9.04 billion. As a group, equities analysts expect that Canadian Natural Resources will post 7.6092114 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Norman Murray Edwards sold 13,500 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$97.66, for a total transaction of C$1,318,349.25. In related news, Senior Officer Calvin John Bast sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$97.62, for a total transaction of C$366,058.88. Also, Director Norman Murray Edwards sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$97.66, for a total transaction of C$1,318,349.25. Insiders sold 332,363 shares of company stock worth $32,567,851 in the last ninety days. Insiders own 2.20% of the company’s stock.

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).