Canadian Natural Resources (CNQ) PT Raised to C$64.00
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target raised by National Bank Financial from C$52.00 to C$64.00 in a report issued on Tuesday. The firm currently has an outperform rating on the stock.
Several other equities analysts also recently commented on the stock. Royal Bank of Canada upped their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a top pick rating in a report on Friday, November 3rd. TD Securities upped their target price on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a buy rating in a research note on Thursday, November 9th. BMO Capital Markets restated an outperform rating and issued a C$54.00 target price on shares of Canadian Natural Resources in a research note on Wednesday, November 8th. Barclays upped their target price on shares of Canadian Natural Resources from C$38.00 to C$41.00 in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Canadian Natural Resources from C$47.00 to C$48.00 in a research note on Friday, November 3rd. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$52.86.
Canadian Natural Resources (CNQ) opened at C$46.05 on Tuesday. The company has a market cap of $56,100.00, a PE ratio of 20.74 and a beta of 1.07. Canadian Natural Resources has a fifty-two week low of C$35.90 and a fifty-two week high of C$47.00.
In other news, insider Darren Fichter sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of C$44.18, for a total value of C$220,900.00. Also, insider Corey B. Bieber sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$44.61, for a total transaction of C$802,980.00. In the last ninety days, insiders bought 50,000 shares of company stock valued at $1,411,500 and sold 156,014 shares valued at $7,136,088.
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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