Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$69.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective boosted by TD Securities from C$63.00 to C$69.00 in a research note released on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Evercore increased their price objective on shares of Canadian Natural Resources from C$52.00 to C$57.00 in a research note on Thursday, October 21st. Morgan Stanley initiated coverage on shares of Canadian Natural Resources in a research note on Thursday, October 7th. They issued a hold rating and a C$53.00 price objective for the company. ATB Capital raised their target price on shares of Canadian Natural Resources from C$65.00 to C$69.00 and gave the company an outperform rating in a research note on Wednesday. UBS Group raised their target price on shares of Canadian Natural Resources from C$61.00 to C$75.00 and gave the company a buy rating in a research note on Wednesday, November 17th. Finally, National Bank Financial raised their target price on shares of Canadian Natural Resources from C$69.00 to C$76.00 and gave the company an outperform rating in a research note on Thursday, January 6th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of C$63.38.

Shares of TSE CNQ opened at C$65.18 on Wednesday. The firm has a fifty day moving average price of C$53.86 and a 200-day moving average price of C$47.99. The company has a debt-to-equity ratio of 51.74, a current ratio of 0.91 and a quick ratio of 0.67. The stock has a market cap of C$76.71 billion and a PE ratio of 13.16. Canadian Natural Resources has a 1 year low of C$28.67 and a 1 year high of C$65.51.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, November 4th. The company reported C$1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.51 by C$0.26. The firm had revenue of C$7.71 billion during the quarter, compared to analysts’ expectations of C$7.91 billion. On average, research analysts expect that Canadian Natural Resources will post 6.42 EPS for the current year.

In related news, Senior Officer Betty Yee sold 3,000 shares of Canadian Natural Resources stock in a transaction dated Wednesday, December 8th. The shares were sold at an average price of C$54.48, for a total transaction of C$163,440.00. Following the completion of the sale, the insider now owns 82,640 shares in the company, valued at approximately C$4,502,227.20. Also, Director Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock in a transaction dated Thursday, January 13th. The shares were sold at an average price of C$61.91, for a total transaction of C$309,550.00. Following the sale, the director now owns 1,955,864 shares of the company’s stock, valued at approximately C$121,087,540.24. Insiders sold a total of 330,329 shares of company stock valued at $18,144,966 in the last 90 days.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

Recommended Story: How can investors invest in the S&P/TSX Index?

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.