Canadian Natural Resource (CNQ) Hits New 12-Month Low at $37.54
Canadian Natural Resource Ltd (TSE:CNQ) (NYSE:CNQ)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as C$37.54 and last traded at C$37.60, with a volume of 1749441 shares changing hands. The stock had previously closed at C$37.85.
Several equities analysts have recently commented on CNQ shares. Raymond James boosted their target price on shares of Canadian Natural Resource from C$59.00 to C$65.00 in a research report on Thursday, July 5th. Royal Bank of Canada cut shares of Canadian Natural Resource from a “top pick” rating to an “outperform” rating and dropped their target price for the company from C$58.00 to C$55.00 in a research report on Thursday, September 20th. Canaccord Genuity boosted their target price on shares of Canadian Natural Resource from C$54.00 to C$60.00 in a research report on Tuesday, July 10th. National Bank Financial dropped their target price on shares of Canadian Natural Resource from C$66.00 to C$64.00 and set an “outperform” rating for the company in a research report on Friday, August 3rd. Finally, Barclays boosted their target price on shares of Canadian Natural Resource from C$55.00 to C$59.00 in a research report on Wednesday, July 11th. Eight investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$56.69.
Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Thursday, August 2nd. The company reported C$0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.71 by C$0.19. The business had revenue of C$5.95 billion during the quarter, compared to analysts’ expectations of C$5.53 billion. Canadian Natural Resource had a net margin of 7.90% and a return on equity of 5.04%.
In related news, insider Betty Yee sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of C$43.98, for a total transaction of C$65,970.00. Also, insider Allan E. Frankiw sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of C$42.54, for a total transaction of C$42,540.00. Over the last quarter, insiders have sold 11,600 shares of company stock valued at $503,617.
About Canadian Natural Resource (TSE:CNQ)
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.
Recommended Story: Stop Order
Receive News & Ratings for Canadian Natural Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resource and related companies with MarketBeat.com's FREE daily email newsletter.