Canadian Natural Resources Limited (TSE:CNQ) PT Raised to C$49.00 at National Bank Financial
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.
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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.
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