Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) had its price objective boosted by Gerdes Energy Research from C$52.00 to C$53.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Gerdes Energy Research’s price objective points to a potential upside of 7.05% from the stock’s current price.
Several other research firms have also issued reports on CNQ. Desjardins lifted their price target on Canadian Natural Resources from C$55.00 to C$56.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Scotiabank decreased their target price on Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 11th. Jefferies Financial Group decreased their target price on Canadian Natural Resources from C$52.00 to C$49.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Raymond James decreased their target price on Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. Finally, Royal Bank of Canada decreased their target price on Canadian Natural Resources from C$62.00 to C$59.00 in a research report on Tuesday, September 17th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$78.53.
Get Our Latest Analysis on Canadian Natural Resources
Canadian Natural Resources Stock Down 0.6 %
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, beating the consensus estimate of C$0.84 by C$0.04. The business had revenue of C$9.05 billion during the quarter, compared to analyst estimates of C$8.41 billion. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. As a group, sell-side analysts forecast that Canadian Natural Resources will post 3.6036866 earnings per share for the current year.
Insider Buying and Selling
In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of the stock in a transaction that occurred on 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 stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total value of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the stock in a transaction on Monday, October 7th. The stock was 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 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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