Canadian Natural Resources (CNQ) Price Target Increased to C$55.00 by Analysts at Barclays

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target increased by equities researchers at Barclays from C$44.00 to C$55.00 in a research note issued to investors on Monday. Barclays’ target price indicates a potential upside of 25.14% from the company’s previous close.

CNQ has been the topic of a number of other reports. National Bank Financial boosted 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 note on Tuesday, January 9th. Eight Capital set a C$60.00 target price on shares of Canadian Natural Resources and gave the company a “buy” rating in a research note on Thursday, January 11th. Royal Bank of Canada boosted their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “top pick” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. boosted their target price on shares of Canadian Natural Resources from C$47.00 to C$48.00 in a research note on Friday, November 3rd. Finally, GMP Securities boosted their target price on shares of Canadian Natural Resources from C$52.00 to C$56.00 in a research note on Friday, November 3rd. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Canadian Natural Resources has an average rating of “Buy” and an average price target of C$53.64.

Canadian Natural Resources (TSE CNQ) traded down C$0.44 on Monday, reaching C$43.95. 1,027,431 shares of the company’s stock were exchanged, compared to its average volume of 2,099,733. The stock has a market capitalization of $54,070.00, a PE ratio of 19.77 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.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, November 2nd. The company reported C$0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.05). Canadian Natural Resources had a net margin of 15.95% and a return on equity of 8.80%.

In related news, insider Allan E. Frankiw sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of C$44.97, for a total transaction of C$112,425.00. Also, insider Ronald Keith Laing sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of C$45.93, for a total transaction of C$574,125.00. Over the last 90 days, insiders have purchased 52,650 shares of company stock worth $1,531,413 and have sold 221,014 shares worth $10,131,138.

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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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