Gerdes Energy Research Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$53.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price raised by Gerdes Energy Research from C$52.00 to C$53.00 in a research report released on Tuesday, BayStreet.CA reports.

Other equities analysts also recently issued reports about the company. Raymond James dropped their target price on Canadian Natural Resources from C$97.00 to C$49.00 and set a market perform rating for the company in a research report on Wednesday, June 12th. Desjardins lifted their target price on Canadian Natural Resources from C$55.00 to C$56.00 and gave the company a hold rating in a research report on Friday, August 2nd. Wolfe Research raised Canadian Natural Resources to a hold rating in a research report on Thursday, July 18th. TD Securities dropped their target price on Canadian Natural Resources from C$60.00 to C$56.00 and set a buy rating for the company in a research report on Tuesday, October 1st. Finally, National Bankshares dropped their target price on Canadian Natural Resources from C$58.00 to C$52.00 in a research report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$75.71.

Canadian Natural Resources Stock Up 0.5 %

Shares of CNQ opened at C$51.71 on Tuesday. The firm has a market cap of C$110.14 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 0.53 and a beta of 1.91. Canadian Natural Resources has a 12-month low of C$40.02 and a 12-month high of C$56.49. The company’s 50-day moving average price is C$47.18 and its 200 day moving average price is C$69.99. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.84 by C$0.04. The firm had revenue of C$9.05 billion for the quarter, compared to analyst estimates of C$8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. On average, sell-side analysts forecast that Canadian Natural Resources will post 3.6036866 earnings per share for the current year.

Canadian Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s payout ratio is 59.26%.

Insider Buying and Selling

In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total transaction of C$183,900.00. In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total value of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction that occurred 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. 4.26% 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).