Canadian Natural Resources Limited (CNQ) PT Raised to C$41.00
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) had its target price boosted by equities researchers at Barclays PLC from C$38.00 to C$41.00 in a report released on Monday. Barclays PLC’s price target indicates a potential downside of 7.93% from the stock’s current price.
Several other equities research analysts also recently issued reports on CNQ. National Bank Financial boosted their price objective on Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday, August 4th. J P Morgan Chase & Co boosted their price objective on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a report on Friday, November 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a C$54.00 price objective on shares of Canadian Natural Resources Limited in a report on Wednesday, November 8th. Scotiabank boosted their price objective on Canadian Natural Resources Limited from C$45.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, GMP Securities upped their price target on Canadian Natural Resources Limited from C$52.00 to C$56.00 in a report on Friday, November 3rd. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Canadian Natural Resources Limited has an average rating of “Buy” and a consensus price target of C$50.14.
Shares of Canadian Natural Resources Limited (CNQ) traded down C$0.03 during trading on Monday, hitting C$44.53. The stock had a trading volume of 2,294,484 shares, compared to its average volume of 2,407,304. Canadian Natural Resources Limited has a twelve month low of C$35.90 and a twelve month high of C$47.00.
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In other news, insider Timothy Shawn Mckay sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of C$40.40, for a total value of C$808,000.00. Also, insider Allan E. Frankiw sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of C$38.77, for a total value of C$38,770.00. Over the last three months, insiders purchased 50,000 shares of company stock valued at $1,437,000 and sold 273,345 shares valued at $11,733,570.
Canadian Natural Resources Limited Company Profile
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.
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