Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) had its target price hoisted by equities researchers at National Bank Financial from C$47.00 to C$49.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 20.57% from the company’s previous close.

CNQ has been the topic of a number of other research reports. Royal Bank Of Canada reissued a “top pick” rating and set a C$59.00 price target on shares of Canadian Natural Resources Limited in a research report on Monday, June 5th. Barclays PLC decreased their target price on Canadian Natural Resources Limited from C$52.00 to C$50.00 in a research report on Wednesday, April 19th. TD Securities upped their target price on Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, CIBC decreased their target price on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research report on Thursday, July 20th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$50.62.

Shares of Canadian Natural Resources Limited (CNQ) traded up 1.85% on Friday, hitting $40.64. The stock had a trading volume of 2,106,690 shares. The stock has a market capitalization of $49.38 billion and a PE ratio of 29.45. The firm’s 50 day moving average is $37.62 and its 200-day moving average is $40.51. Canadian Natural Resources Limited has a one year low of $35.90 and a one year high of $46.74.

ILLEGAL ACTIVITY NOTICE: This story was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/08/06/canadian-natural-resources-limited-tsecnq-pt-raised-to-c49-00-at-national-bank-financial.html.

In other Canadian Natural Resources Limited news, insider Allan E. Frankiw sold 1,500 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of C$43.38, for a total transaction of C$65,070.00. Also, Director Norman Murray Edwards sold 50,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of C$37.55, for a total value of C$1,877,500.00. Insiders have sold 97,250 shares of company stock worth $3,764,875 in the last three months.

About Canadian Natural Resources Limited

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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

Analyst Recommendations for Canadian Natural Resources Limited (TSE:CNQ)

Receive News & Ratings for Canadian Natural Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.