Canadian Natural Resources (TSE:CNQ) Reaches New 12-Month High at $55.20

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) hit a new 52-week high on Thursday . The stock traded as high as C$55.20 and last traded at C$55.08, with a volume of 144340 shares changing hands. The stock had previously closed at C$53.66.

Several analysts have commented on CNQ shares. Raymond James set a C$63.00 price objective on Canadian Natural Resources and gave the company an “outperform” rating in a report on Friday, November 12th. TD Securities raised their price objective on Canadian Natural Resources from C$58.00 to C$61.00 and gave the company a “buy” rating in a report on Friday, November 5th. Evercore raised their price objective on Canadian Natural Resources from C$52.00 to C$57.00 in a report on Thursday, October 21st. BMO Capital Markets lifted their price target on Canadian Natural Resources from C$59.00 to C$65.00 and gave the stock a “na” rating in a research note on Friday, November 5th. Finally, Scotiabank lifted their price target on Canadian Natural Resources from C$52.00 to C$60.00 in a research note on Thursday, October 14th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$63.90.

The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 51.74. The company has a market cap of C$64.60 billion and a PE ratio of 11.11. The stock has a 50-day simple moving average of C$50.00 and a 200 day simple moving average of C$45.09.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its earnings results on Thursday, November 4th. The company reported C$1.77 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.51 by C$0.26. The business had revenue of C$7.71 billion during the quarter, compared to analysts’ expectations of C$7.91 billion. As a group, research analysts anticipate that Canadian Natural Resources Limited will post 6.6599994 earnings per share for the current fiscal year.

In related news, Senior Officer Betty Yee sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of C$53.55, for a total transaction of C$267,750.00. Following the completion of the transaction, the insider now directly owns 86,640 shares of the company’s stock, valued at approximately C$4,639,572. Also, Senior Officer Timothy Shawn Mckay sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of C$53.06, for a total value of C$2,387,695.50. Following the transaction, the insider now directly owns 1,175,938 shares of the company’s stock, valued at C$62,395,152.69. Insiders sold a total of 238,506 shares of company stock worth $11,916,720 in the last quarter.

Canadian Natural Resources Company Profile (TSE:CNQ)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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