Canadian Natural Resources Limited (TSE:CNQ) Receives C$60.71 Consensus Price Target from Brokerages

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has received a consensus recommendation of “Buy” from the twenty-one research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$63.38.

CNQ has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Canadian Natural Resources from C$44.00 to C$51.00 and gave the stock a “buy” rating in a research report on Tuesday, October 19th. Bank of America increased their price target on shares of Canadian Natural Resources from C$68.00 to C$69.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group increased their price objective 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. Scotiabank increased their target price on shares of Canadian Natural Resources from C$52.00 to C$60.00 in a research report on Thursday, October 14th. Finally, BMO Capital Markets increased their target price on shares of Canadian Natural Resources from C$59.00 to C$65.00 and gave the stock a “na” rating in a research report on Friday, November 5th.

In other Canadian Natural Resources news, Senior Officer Scott Gerald Stauth sold 9,500 shares of the stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of C$52.07, for a total transaction of C$494,665.00. Following the transaction, the insider now directly owns 49,221 shares in the company, valued at approximately C$2,562,937.47. Also, Senior Officer Darren Fichter sold 38,000 shares of the stock in a transaction that occurred on Tuesday, January 11th. The stock was sold at an average price of C$60.37, for a total value of C$2,294,060.00. Following the transaction, the insider now owns 71,280 shares in the company, valued at C$4,303,173.60. Insiders have sold a total of 325,329 shares of company stock valued at $17,835,416 in the last three months.

Shares of CNQ stock traded up C$2.27 during trading hours on Friday, reaching C$65.18. 5,697,688 shares of the stock traded hands, compared to its average volume of 5,233,468. Canadian Natural Resources has a 1-year low of C$28.67 and a 1-year high of C$65.51. The business 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 quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 51.74. The firm has a market capitalization of C$76.71 billion and a PE ratio of 13.16.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, November 4th. The company reported C$1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.51 by C$0.26. The firm had revenue of C$7.71 billion for the quarter, compared to analyst estimates of C$7.91 billion. Research analysts expect that Canadian Natural Resources will post 6.42 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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