Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price boosted by stock analysts at National Bank Financial from C$52.00 to C$64.00 in a research report issued on Tuesday, January 9th. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 50.62% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets reissued an “outperform” rating and set a C$54.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Canadian Natural Resources from C$47.00 to C$48.00 in a research report on Friday, November 3rd. Scotiabank raised their price target on shares of Canadian Natural Resources from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. GMP Securities raised their price target on shares of Canadian Natural Resources from C$52.00 to C$56.00 in a research report on Friday, November 3rd. Finally, TD Securities raised their price target on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$53.64.
Canadian Natural Resources (TSE CNQ) opened at C$42.49 on Tuesday. The stock has a market cap of $51,760.00, a PE ratio of 19.14 and a beta of 1.07. 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 released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.05). Canadian Natural Resources had a return on equity of 8.80% and a net margin of 15.95%.
In related news, insider Réal Michel Cusson purchased 25,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of C$28.06 per share, for a total transaction of C$701,500.00. Also, Director Norman Murray Edwards sold 113,014 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of C$46.32, for a total transaction of C$5,234,808.48. In the last quarter, insiders acquired 52,650 shares of company stock valued at $1,531,413 and sold 221,014 shares valued at $10,131,138.
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Canadian Natural Resources Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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