Canadian Natural Resource Receives Average Recommendation of “Buy” from Analysts (NYSE:CNQ)
Shares of Canadian Natural Resource (NYSE:CNQ) have earned a consensus rating of “Buy” from the fifteen analysts that are covering the company, Analyst Ratings News reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $46.58.
Shares of Canadian Natural Resource (NYSE:CNQ) opened at 45.21 on Friday. Canadian Natural Resource has a 52-week low of $29.08 and a 52-week high of $46.65. The stock’s 50-day moving average is $44.30 and its 200-day moving average is $38.94. The company has a market cap of $49.427 billion and a P/E ratio of 19.69.
Canadian Natural Resource (NYSE:CNQ) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts expect that Canadian Natural Resource will post $3.93 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at CIBC set a $57.00 price target on shares of Canadian Natural Resource in a research note on Thursday, July 17th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Canadian Natural Resource in a research note on Tuesday, July 15th. They now have a $47.00 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Canadian Natural Resource from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 7th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.