Canadian Natural Resource Reaches New 1-Year High at $46.14 (CNQ)
Canadian Natural Resource (NYSE:CNQ) reached a new 52-week high during trading on Monday , Stock Ratings Network reports. The company traded as high as $46.14 and last traded at $45.95, with a volume of 626,361 shares changing hands. The stock had previously closed at $45.72.
A number of analysts have recently weighed in on CNQ shares. Analysts at FirstEnergy Capital raised their price target on shares of Canadian Natural Resource from $5.00 to $56.00 in a research note on Monday, June 23rd. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Canadian Natural Resource in a research note on Thursday, June 19th. They now have a $50.00 price target on the stock, up previously from $42.00. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian Natural Resource in a research note on Wednesday, June 18th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.83.
The stock has a 50-day moving average of $42.14 and a 200-day moving average of $37.5. The company has a market cap of $50.192 billion and a P/E ratio of 19.86.
Canadian Natural Resource (NYSE:CNQ) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.04. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the company posted $0.37 earnings per share. Canadian Natural Resource’s revenue was up 21.1% compared to the same quarter last year. Analysts expect that Canadian Natural Resource will post $3.91 EPS for the current fiscal year.
Canadian Natural Resources Limited is a Canadian independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas liquids (NYSE:CNQ), and natural gas production.
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