Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) had its target price hoisted by analysts at ATB Capital from C$58.00 to C$60.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price target points to a potential upside of 21.19% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the company from C$56.00 to C$59.00 in a research note on Tuesday. Raymond James decreased their price objective on Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating on the stock in a report on Wednesday, June 12th. Gerdes Energy Research raised their price objective on Canadian Natural Resources from C$52.00 to C$53.00 in a research note on Tuesday. TD Securities raised their price objective on Canadian Natural Resources from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets raised their price objective on Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Hold” and an average target price of C$78.53.
Read Our Latest Research Report on CNQ
Canadian Natural Resources Trading Down 0.6 %
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.04. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. The firm had revenue of C$9.05 billion during the quarter, compared to the consensus estimate of C$8.41 billion. As a group, sell-side analysts expect that Canadian Natural Resources will post 3.6036866 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of C$49.04, for a total transaction of C$183,900.00. In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. 4.26% of the stock is owned by company insiders.
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 light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).
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