Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective hoisted by equities research analysts at CSFB from C$54.00 to C$59.00 in a research note issued on Friday. CSFB’s price objective would suggest a potential upside of 32.76% from the company’s current price.
CNQ has been the topic of a number of other reports. National Bank Financial increased their price target on Canadian Natural Resources from C$52.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Eight Capital set a C$60.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a research report on Thursday, January 11th. Wells Fargo increased their price target on Canadian Natural Resources from C$52.00 to C$59.00 in a research report on Thursday, January 11th. Royal Bank of Canada increased their price target on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “top pick” rating in a research report on Friday, March 2nd. Finally, Barclays raised their target price on Canadian Natural Resources from C$41.00 to C$44.00 in a research report on Thursday, December 21st. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Canadian Natural Resources currently has a consensus rating of “Buy” and an average target price of C$53.07.
Shares of Canadian Natural Resources stock traded up C$1.00 on Friday, reaching C$44.44. 1,763,108 shares of the company were exchanged, compared to its average volume of 2,817,368. Canadian Natural Resources has a 1-year low of C$35.90 and a 1-year high of C$47.00.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, March 1st. The company reported C$0.38 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. The business had revenue of C$5.01 billion for the quarter, compared to analysts’ expectations of C$4.57 billion. Canadian Natural Resources had a return on equity of 5.04% and a net margin of 7.90%.
In other news, insider Robin Sean Zabek sold 1,042 shares of Canadian Natural Resources stock in a transaction on Thursday, March 29th. The stock was sold at an average price of C$40.24, for a total transaction of C$41,930.08. Also, insider Allan E. Frankiw sold 2,500 shares of Canadian Natural Resources stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of C$42.16, for a total value of C$105,400.00. Over the last 90 days, insiders sold 58,625 shares of company stock worth $2,674,465.
Canadian Natural Resources 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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