Canadian Natrl Res Given Sector Outperform Rating at Scotiabank (CNQ)
Canadian Natrl Res (NYSE:CNQ)‘s stock had its “sector outperform” rating reiterated by equities researchers at Scotiabank in a research report issued on Friday, Analyst RN reports. They currently have a $42.00 price target on the stock. Scotiabank’s price target indicates a potential upside of 30.56% from the company’s current price.
Canadian Natrl Res (NYSE:CNQ) traded up 0.09% during mid-day trading on Friday, hitting $32.17. The stock had a trading volume of 1,429,866 shares. Canadian Natrl Res has a 1-year low of $26.83 and a 1-year high of $33.64. The stock has a 50-day moving average of $31.27 and a 200-day moving average of $30.4. The company has a market cap of $34.984 billion and a price-to-earnings ratio of 24.67.
Canadian Natrl Res (NYSE:CNQ) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.02. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that Canadian Natrl Res will post $2.35 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity upgraded shares of Canadian Natrl Res from a “hold” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Canadian Natrl Res in a research note to investors on Thursday, September 26th. They now have a $38.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Canadian Natrl Res in a research note to investors on Monday, September 16th. They now have a $33.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.00.
Canadian Natural Resources Limited (NYSE:CNQ) is an independent crude oil and natural gas exploration, development and production company.
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