Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has been given a consensus rating of “Buy” by the thirteen brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$53.77.
Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Canadian Natural Resources from C$44.00 to C$55.00 in a research note on Monday, January 29th. National Bank Financial increased 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. Wells Fargo & Co increased their target price on shares of Canadian Natural Resources from C$52.00 to C$59.00 in a research note on Thursday, January 11th. Finally, Royal Bank of Canada increased their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “top pick” rating in a research note on Friday, March 2nd.
Canadian Natural Resources (TSE:CNQ) traded up C$0.10 during mid-day trading on Friday, reaching C$38.85. 1,813,205 shares of the company’s stock traded hands, compared to its average volume of 2,747,725. Canadian Natural Resources has a fifty-two week low of C$35.90 and a fifty-two week high of C$47.00. The company has a market capitalization of $47,380.00, a price-to-earnings ratio of 19.20 and a beta of 0.96.
In related news, insider Réal Michel Cusson purchased 12,500 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average price of C$28.06 per share, with a total value of C$350,750.00. Also, insider Allan E. Frankiw sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of C$44.97, for a total transaction of C$112,425.00. Insiders sold a total of 65,000 shares of company stock worth $2,995,050 in the last ninety days.
Canadian Natural Resources Company Profile
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.
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