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 upped by equities researchers at Stifel Nicolaus from C$110.00 to C$126.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 19.51% from the company’s previous close.

A number of other equities research analysts have also issued reports on CNQ. Jefferies Financial Group raised their price target 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. Scotiabank raised their price objective on 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. BMO Capital Markets raised their price objective on Canadian Natural Resources from C$110.00 to C$115.00 in a report on Thursday, March 28th. TD Securities raised their price objective on Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Evercore raised their price objective on Canadian Natural Resources from C$105.00 to C$115.00 in a report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of C$111.00.

Canadian Natural Resources Price Performance

TSE:CNQ opened at C$105.43 on Tuesday. The firm has a market capitalization of C$112.81 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.53 and a beta of 1.98. Canadian Natural Resources has a 1 year low of C$69.83 and a 1 year high of C$112.99. The business has a 50 day simple moving average of C$99.87 and a 200-day simple moving average of C$91.64. The company has a debt-to-equity ratio of 31.01, a current ratio of 0.96 and a quick ratio of 0.54.

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 (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of C$9.04 billion. Equities analysts forecast that Canadian Natural Resources will post 7.6092114 EPS for the current year.

Insiders Place Their Bets

In other Canadian Natural Resources news, Senior Officer Calvin John Bast sold 3,750 shares of Canadian Natural Resources stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$97.62, for a total transaction of C$366,058.88. In other news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total value of C$332,430.00. Also, Senior Officer Calvin John Bast sold 3,750 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$97.62, for a total value of C$366,058.88. In the last 90 days, insiders sold 332,363 shares of company stock valued at $32,567,851. 2.20% of the stock is 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).