Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) had its target price boosted by investment analysts at Raymond James from C$59.00 to C$65.00 in a report issued on Thursday. Raymond James’ price objective would suggest a potential upside of 39.48% from the stock’s previous close.
Several other analysts have also commented on the company. CSFB boosted their price target on Canadian Natural Resource from C$54.00 to C$59.00 in a research note on Friday, April 13th. Wells Fargo & Co boosted their price target on Canadian Natural Resource from C$43.00 to C$44.00 in a research note on Thursday, April 12th. National Bank Financial reduced their price objective on Canadian Natural Resource from C$60.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Friday, May 4th. Canaccord Genuity boosted their price objective on Canadian Natural Resource from C$53.00 to C$54.00 in a research note on Monday, May 14th. Finally, GMP Securities boosted their price objective on Canadian Natural Resource from C$56.00 to C$57.00 in a research note on Friday, May 4th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Canadian Natural Resource presently has a consensus rating of “Buy” and an average price target of C$54.29.
CNQ stock traded down C$0.40 during trading on Thursday, hitting C$46.60. The company had a trading volume of 1,538,219 shares, compared to its average volume of 2,935,770. Canadian Natural Resource has a fifty-two week low of C$35.90 and a fifty-two week high of C$48.73.
Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, May 3rd. The company reported C$0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.72 by C$0.07. The business had revenue of C$5.74 billion for the quarter, compared to analyst estimates of C$5.32 billion. Canadian Natural Resource had a return on equity of 5.04% and a net margin of 7.90%.
In other news, insider Trevor James Cassidy sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of C$48.29, for a total transaction of C$579,480.00. Also, insider Allan E. Frankiw sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of C$42.16, for a total value of C$105,400.00. In the last three months, insiders sold 176,315 shares of company stock worth $8,105,006.
Canadian Natural Resource 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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