Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$65.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective lifted by ATB Capital from C$58.00 to C$65.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

A number of other research analysts also recently issued reports on CNQ. TD Securities lifted their price target on Canadian Natural Resources from C$58.00 to C$61.00 and gave the company a buy rating in a report on Friday, November 5th. Evercore lifted their price target on Canadian Natural Resources from C$52.00 to C$57.00 in a report on Thursday, October 21st. BMO Capital Markets lifted their price target on Canadian Natural Resources from C$59.00 to C$65.00 and gave the company a na rating in a report on Friday, November 5th. Raymond James set a C$63.00 price target on Canadian Natural Resources and gave the company an outperform rating in a report on Friday, November 12th. Finally, CSFB lifted their price target on Canadian Natural Resources from C$53.00 to C$59.00 and gave the company a hold rating in a report on Monday, October 18th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of C$63.90.

Shares of TSE CNQ opened at C$55.43 on Tuesday. 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 business has a fifty day simple moving average of C$50.22 and a two-hundred day simple moving average of C$45.20. The firm has a market cap of C$65.23 billion and a PE ratio of 11.19. Canadian Natural Resources has a twelve month low of C$28.67 and a twelve month high of C$55.44.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, November 4th. The company reported C$1.77 earnings per share 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 the consensus estimate of C$7.91 billion. On average, research analysts expect that Canadian Natural Resources will post 6.6599994 earnings per share for the current year.

In other news, Senior Officer William Robert Peterson sold 20,000 shares of the business’s stock in a transaction dated Friday, October 8th. The stock was sold at an average price of C$49.64, for a total value of C$992,798.00. Following the completion of the transaction, the insider now owns 107,683 shares of the company’s stock, valued at approximately C$5,345,373.35. Also, Director David Tuer sold 12,233 shares of the business’s stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of C$43.43, for a total value of C$531,291.42. Following the completion of the transaction, the director now directly owns 20,512 shares of the company’s stock, valued at approximately C$890,856.67. In the last quarter, insiders have sold 238,506 shares of company stock worth $11,916,720.

About Canadian Natural Resources

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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