Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) had its price objective lifted by analysts at Gerdes Energy Research from C$53.00 to C$55.00 in a research note issued to investors on Friday, BayStreet.CA reports. Gerdes Energy Research’s price target would suggest a potential upside of 16.45% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. ATB Capital lifted their target price on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. BMO Capital Markets lifted their target price on shares of Canadian Natural Resources from C$57.50 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. National Bankshares lifted their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. Raymond James lifted their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Wolfe Research upgraded shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, July 18th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$74.31.
Read Our Latest Report on Canadian Natural Resources
Canadian Natural Resources Trading Down 0.3 %
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last issued its earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. The company had revenue of C$9.05 billion during the quarter, compared to analyst estimates of C$8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. Research analysts predict that Canadian Natural Resources will post 3.833989 EPS for the current year.
Insider Activity at Canadian Natural Resources
In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. In other Canadian Natural Resources news, Senior Officer Trevor Wagil sold 4,272 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of C$47.51, for a total transaction of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of C$49.04, for a total transaction of C$183,900.00. 4.26% of the stock is currently owned by insiders.
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 light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).
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