Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price increased by Wells Fargo & Co from C$52.00 to C$59.00 in a research report issued to clients and investors on Thursday. Wells Fargo & Co’s price target points to a potential upside of 28.12% from the company’s current price.

Several other analysts have also recently commented on CNQ. National Bank Financial upped their target price on shares of Canadian Natural Resources from C$52.00 to C$64.00 and gave the company an “outperform” rating in a research report on Tuesday. Scotiabank upped their target price on shares of Canadian Natural Resources from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. TD Securities upped their target price on shares of Canadian Natural Resources from C$49.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Raymond James Financial upped their target price on shares of Canadian Natural Resources from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, GMP Securities upped their target price on shares of Canadian Natural Resources from C$52.00 to C$56.00 in a research report on Friday, November 3rd. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Canadian Natural Resources currently has a consensus rating of “Buy” and a consensus target price of C$52.86.

Shares of Canadian Natural Resources (TSE CNQ) traded up C$0.25 during trading on Thursday, hitting C$46.05. 2,370,000 shares of the company’s stock traded hands, compared to its average volume of 1,990,000. The company has a market cap of $56,100.00, a PE ratio of 20.74 and a beta of 1.07. Canadian Natural Resources has a 52 week low of C$35.90 and a 52 week high of C$47.00.

In related news, Director Norman Murray Edwards sold 113,014 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of C$46.32, for a total value of C$5,234,808.48. Also, insider RĂ©al Michel Cusson bought 12,500 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average cost of C$28.06 per share, with a total value of C$350,750.00. In the last 90 days, insiders purchased 50,000 shares of company stock valued at $1,411,500 and sold 156,014 shares valued at $7,136,088.

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About Canadian Natural Resources

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.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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