Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price lifted by investment analysts at CSFB from C$48.00 to C$50.00 in a research note issued to investors on Thursday. CSFB’s price target indicates a potential upside of 34.23% from the company’s previous close.
A number of other analysts have also commented on CNQ. Raymond James reissued an “outperform” rating and set a C$45.00 price objective on shares of Canadian Natural Resources in a report on Friday, March 8th. TD Securities boosted their price objective on Canadian Natural Resources from C$42.00 to C$43.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Mizuho reissued a “buy” rating and set a C$45.00 price objective on shares of Canadian Natural Resources in a report on Tuesday. National Bank Financial cut their target price on Canadian Natural Resources from C$64.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Monday, December 10th. Finally, Morgan Stanley cut their target price on Canadian Natural Resources from C$50.00 to C$43.00 in a research note on Wednesday, January 30th. Seven research analysts have rated the stock with a buy rating, Canadian Natural Resources has a consensus rating of “Buy” and a consensus target price of C$47.13.
CNQ traded up C$0.16 during midday trading on Thursday, reaching C$37.25. 1,455,865 shares of the company were exchanged, compared to its average volume of 3,425,139. The company has a debt-to-equity ratio of 59.09, a quick ratio of 0.61 and a current ratio of 0.92. The firm has a market capitalization of $44.55 billion and a P/E ratio of 12.13. Canadian Natural Resources has a one year low of C$30.11 and a one year high of C$49.08.
In other Canadian Natural Resources news, Senior Officer Michel Cusson Réal bought 12,500 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were purchased at an average price of C$34.96 per share, for a total transaction of C$437,000.00. Following the purchase, the insider now directly owns 712,923 shares of the company’s stock, valued at C$24,923,788.08. Also, insider Timothy Shawn Mckay sold 85,000 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of C$35.58, for a total value of C$3,024,300.00. Following the completion of the transaction, the insider now owns 1,157,853 shares in the company, valued at approximately C$41,196,409.74.
About Canadian Natural Resources
Canadian Natural Resources Limited explores for, develops, produces, and markets 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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