Canadian Natural Resources (TSE:CNQ) PT Raised to C$62.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target raised by Tudor Pickering & Holt from C$57.00 to C$62.00 in a report issued on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

CNQ has been the topic of a number of other reports. CSFB lifted their price objective on shares of Canadian Natural Resources from C$59.00 to C$63.00 in a report on Thursday, January 6th. The Goldman Sachs Group increased their target price on shares of Canadian Natural Resources from C$44.00 to C$51.00 and gave the stock a buy rating in a report on Tuesday, October 19th. Scotiabank increased their target price on shares of Canadian Natural Resources from C$52.00 to C$60.00 in a report on Thursday, October 14th. Evercore increased their target price on shares of Canadian Natural Resources from C$52.00 to C$57.00 in a report on Thursday, October 21st. Finally, National Bank Financial increased their target price on shares of Canadian Natural Resources from C$69.00 to C$76.00 and gave the stock an outperform rating in a report on Thursday, January 6th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Buy and a consensus target price of C$63.38.

Shares of Canadian Natural Resources stock opened at C$65.18 on Tuesday. Canadian Natural Resources has a 1 year low of C$28.67 and a 1 year high of C$65.51. The business has a 50-day moving average of C$53.86 and a two-hundred day moving average of C$47.99. The company has a market capitalization of C$76.71 billion and a P/E ratio of 13.16. The company has a debt-to-equity ratio of 51.74, a current ratio of 0.91 and a quick ratio of 0.67.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, November 4th. The company reported C$1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.51 by C$0.26. The business had revenue of C$7.71 billion during the quarter, compared to the consensus estimate of C$7.91 billion. On average, equities analysts anticipate that Canadian Natural Resources will post 6.42 EPS for the current fiscal year.

In related news, Senior Officer William Robert Peterson purchased 9,500 shares of Canadian Natural Resources stock in a transaction dated Thursday, January 13th. The shares were bought at an average cost of C$44.16 per share, for a total transaction of C$419,520.00. Following the purchase, the insider now owns 117,183 shares in the company, valued at approximately C$5,174,801.28. Also, Director Stephen W. Laut purchased 802 shares of Canadian Natural Resources stock in a transaction dated Tuesday, January 4th. The stock was bought at an average price of C$54.57 per share, for a total transaction of C$43,765.14. Following the completion of the purchase, the director now owns 1,960,864 shares in the company, valued at approximately C$107,004,348.48. Insiders have sold 330,329 shares of company stock worth $18,144,966 over the last quarter.

Canadian Natural Resources Company Profile

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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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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