Canadian Natural Resources (CNQ) Given New C$59.00 Price Target at CSFB

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price hoisted by CSFB from C$54.00 to C$59.00 in a report published on Friday morning.

Several other research analysts have also recently issued reports on the stock. Barclays increased their target price on shares of Canadian Natural Resources from C$44.00 to C$55.00 in a report on Monday, January 29th. Royal Bank of Canada increased their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a top pick rating in a report on Friday, March 2nd. National Bank Financial increased their target price on shares of Canadian Natural Resources from C$52.00 to C$64.00 and gave the stock an outperform rating in a report on Tuesday, January 9th. Eight Capital set a C$60.00 target price on shares of Canadian Natural Resources and gave the stock a buy rating in a report on Thursday, January 11th. Finally, Wells Fargo increased their target price on shares of Canadian Natural Resources from C$52.00 to C$59.00 in a report on Thursday, January 11th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Canadian Natural Resources currently has an average rating of Buy and an average target price of C$53.07.

How to Become a New Pot Stock Millionaire

Shares of Canadian Natural Resources stock opened at C$43.55 on Friday. Canadian Natural Resources has a 1 year low of C$35.90 and a 1 year high of C$47.00.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, March 1st. The company reported C$0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.37 by C$0.01. Canadian Natural Resources had a net margin of 7.90% and a return on equity of 5.04%. The company had revenue of C$5.01 billion for the quarter, compared to analysts’ expectations of C$4.57 billion.

The company also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Shareholders of record on Friday, March 16th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 3.08%. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 15th.

In other news, insider Ronald Keith Laing purchased 2,650 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was acquired at an average cost of C$45.25 per share, with a total value of C$119,912.50. Also, insider Allan E. Frankiw sold 2,500 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of C$44.97, for a total transaction of C$112,425.00. Over the last three months, insiders have sold 8,625 shares of company stock valued at $365,965.

COPYRIGHT VIOLATION NOTICE: “Canadian Natural Resources (CNQ) Given New C$59.00 Price Target at CSFB” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/17/canadian-natural-resources-cnq-given-new-c59-00-price-target-at-csfb.html.

About Canadian Natural Resources

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply