Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective decreased by research analysts at BMO Capital Markets from C$58.00 to C$55.00 in a research note issued to investors on Thursday. BMO Capital Markets’ price objective indicates a potential upside of 55.50% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity lowered their price target on Canadian Natural Resources from C$60.00 to C$55.00 in a report on Wednesday, October 24th. Morgan Stanley lowered their price target on Canadian Natural Resources from C$64.00 to C$60.00 in a report on Sunday, October 14th. Cormark lowered their price target on Canadian Natural Resources from C$58.00 to C$55.00 in a report on Tuesday, October 9th. CIBC lowered their price target on Canadian Natural Resources from C$55.00 to C$47.00 in a report on Thursday, November 22nd. Finally, Royal Bank of Canada increased their price target on Canadian Natural Resources from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$55.92.
TSE:CNQ traded down C$1.96 during trading hours on Thursday, hitting C$35.37. The company had a trading volume of 3,702,189 shares, compared to its average volume of 3,105,658. The company has a debt-to-equity ratio of 59.09, a quick ratio of 0.61 and a current ratio of 0.92. Canadian Natural Resources has a 1 year low of C$32.08 and a 1 year high of C$49.08.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, November 1st. The company reported C$1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.87 by C$0.31. The company had revenue of C$5.90 billion during the quarter, compared to analysts’ expectations of C$6.10 billion. On average, analysts expect that Canadian Natural Resources will post 3.51999981524331 EPS for the current fiscal year.
In related news, insider Allan E. Frankiw sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of C$42.54, for a total transaction of C$42,540.00. Also, insider Ronald Keith Laing sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of C$41.82, for a total value of C$108,732.00. Over the last quarter, insiders have sold 6,300 shares of company stock valued at $263,725.
About Canadian Natural Resources
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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