Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$110.00 at Stifel Nicolaus

Canadian Natural Resources (TSE:CNQFree Report) (NYSE:CNQ) had its target price upped by Stifel Nicolaus from C$100.00 to C$110.00 in a research note published on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

CNQ has been the topic of several other research reports. Evercore increased their price target on shares of Canadian Natural Resources from C$90.00 to C$105.00 and gave the stock an in-line rating in a research note on Friday, March 1st. BMO Capital Markets increased their price target on shares of Canadian Natural Resources from C$105.00 to C$110.00 and gave the stock an outperform rating in a research note on Friday, March 1st. National Bankshares increased their price target on shares of Canadian Natural Resources from C$90.00 to C$94.00 and gave the stock a sector perform rating in a research note on Friday, March 1st. TD Securities increased their price target on shares of Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a buy rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group dropped their price target on shares of Canadian Natural Resources from C$98.00 to C$96.00 and set a hold rating on the stock in a research note on Monday, December 18th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of Moderate Buy and a consensus price target of C$98.65.

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Canadian Natural Resources Stock Down 0.3 %

Canadian Natural Resources stock opened at C$96.72 on Tuesday. The firm has a market cap of C$105.42 billion, a PE ratio of 14.95, a P/E/G ratio of 0.53 and a beta of 1.98. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96. The firm’s 50 day moving average price is C$87.23 and its two-hundred day moving average price is C$87.43. Canadian Natural Resources has a twelve month low of C$67.13 and a twelve month high of C$98.69.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 4.34%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 59.51%.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Calvin John Bast sold 3,750 shares of the stock in a transaction on 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 other Canadian Natural Resources news, Senior Officer Calvin John Bast sold 3,750 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of C$97.62, for a total value of C$366,058.88. Also, Senior Officer Devin Craig Lowe sold 1,170 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$96.61, for a total transaction of C$113,033.70. In the last three months, insiders have sold 429,824 shares of company stock worth $38,022,943. 2.23% of the stock is owned by insiders.

About Canadian Natural Resources

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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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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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