Scotiabank Reiterates “Sector Outperform” Rating for Canadian Natrl Res (CNQ)
Canadian Natrl Res (NYSE:CNQ)‘s stock had its “sector outperform” rating reiterated by investment analysts at Scotiabank in a note issued to investors on Thursday, AnalystRatings.NET reports.
A number of other analysts have also recently weighed in on CNQ. Analysts at Macquarie upgraded shares of Canadian Natrl Res from a “neutral” rating to an “outperform” rating in a research note on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Canadian Natrl Res in a research note on Friday, February 7th. They now have a $36.00 price target on the stock. Finally, analysts at Global Hunter Securities upgraded shares of Canadian Natrl Res from an “accumulate” rating to a “buy” rating in a research note on Tuesday, January 21st. They now have a $44.00 price target on the stock, up previously from $40.00. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.45.
Canadian Natrl Res (NYSE:CNQ) traded up 0.41% during mid-day trading on Thursday, hitting $36.84. The stock had a trading volume of 3,630,218 shares. Canadian Natrl Res has a 52 week low of $26.98 and a 52 week high of $37.53. The stock has a 50-day moving average of $33.31 and a 200-day moving average of $32.07. The company has a market cap of $40.005 billion and a price-to-earnings ratio of 17.84.
Canadian Natural Resources Limited (NYSE:CNQ) is an independent crude oil and natural gas exploration, development and production company.
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