Canadian Natural Resources Limited (CNQ) Rating Reiterated by National Bank Financial
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ)‘s stock had its “outperform” rating reaffirmed by research analysts at National Bank Financial in a research report issued to clients and investors on Friday. They presently have a C$52.00 target price on the stock. National Bank Financial’s target price points to a potential upside of 13.02% from the stock’s current price.
Other analysts have also issued research reports about the stock. Canaccord Genuity lifted their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Wednesday, September 6th. CIBC reduced their price target on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research report on Thursday, July 20th. Barclays PLC reduced their price target on shares of Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada lifted their price target on shares of Canadian Natural Resources Limited from C$50.00 to C$51.00 and gave the company a “top pick” rating in a research report on Friday. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Canadian Natural Resources Limited currently has a consensus rating of “Buy” and a consensus price target of C$50.00.
Canadian Natural Resources Limited (TSE:CNQ) traded up C$0.74 during mid-day trading on Friday, hitting C$46.01. 3,140,000 shares of the stock traded hands, compared to its average volume of 1,970,000. Canadian Natural Resources Limited has a 1 year low of C$35.90 and a 1 year high of C$46.74.
COPYRIGHT VIOLATION NOTICE: This story was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/04/canadian-natural-resources-limited-cnq-rating-reiterated-by-national-bank-financial.html.
In other Canadian Natural Resources Limited news, insider Betty Yee sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of C$41.27, for a total value of C$156,826.00. Also, insider Darren Fichter sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of C$40.92, for a total value of C$122,760.00. In the last three months, insiders sold 178,331 shares of company stock worth $7,223,721.
About Canadian Natural Resources Limited
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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.