Canadian Natural Resources (CNQ) Reaches New 1-Year High at $45.68

Shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) hit a new 52-week high on Monday . The company traded as high as C$45.68 and last traded at C$45.56, with a volume of 1422184 shares traded. The stock had previously closed at C$44.98.

A number of analysts have recently weighed in on the stock. CSFB upped their price target on shares of Canadian Natural Resources from C$54.00 to C$59.00 in a report on Friday, April 13th. Royal Bank of Canada upped their price target 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. Wells Fargo upped their price target on shares of Canadian Natural Resources from C$43.00 to C$44.00 in a report on Thursday, April 12th. Eight Capital set a C$60.00 price target on shares of Canadian Natural Resources and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, National Bank Financial upped their price target 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. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Canadian Natural Resources presently has an average rating of “Buy” and a consensus target price of C$53.07.

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

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Friday, March 16th were paid a $0.335 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.34 annualized dividend and a yield of 2.93%.

In other Canadian Natural Resources news, insider Allan E. Frankiw sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of C$40.25, for a total value of C$60,375.00. Also, insider Robin Sean Zabek sold 1,042 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of C$40.24, for a total transaction of C$41,930.08. In the last three months, insiders sold 8,625 shares of company stock valued at $365,965.

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Canadian Natural Resources Company Profile

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.

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