Canadian Natural Resources (TSE:CNQ) Earns Outperform Rating from Raymond James

Raymond James reissued their outperform rating on shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) in a research report released on Wednesday morning, Price Targets.com reports. The firm currently has a C$63.00 target price on the stock.

Several other equities research analysts also recently commented on CNQ. National Bank Financial boosted 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 research report on Thursday, January 6th. ATB Capital boosted their target price on shares of Canadian Natural Resources from C$58.00 to C$65.00 in a research report on Tuesday, November 23rd. CIBC boosted their target price on shares of Canadian Natural Resources from C$58.00 to C$62.00 and gave the stock a na rating in a research report on Friday, October 15th. UBS Group boosted their target price on shares of Canadian Natural Resources from C$61.00 to C$75.00 and gave the stock a buy rating in a research report on Wednesday, November 17th. Finally, National Bankshares boosted their target price on shares of Canadian Natural Resources from C$69.00 to C$76.00 in a research report on Thursday, January 6th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of C$63.38.

Shares of TSE CNQ opened at C$65.18 on Wednesday. The firm’s 50-day moving average price is C$53.86 and its 200-day moving average price is C$47.99. Canadian Natural Resources has a 1-year low of C$28.67 and a 1-year high of C$65.51. The firm has a market capitalization of C$76.71 billion and a P/E ratio of 13.16. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 51.74.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, November 4th. The company reported C$1.77 earnings per share for the quarter, beating the consensus estimate of C$1.51 by C$0.26. The company had revenue of C$7.71 billion for the quarter, compared to analyst estimates of C$7.91 billion. Equities research analysts forecast that Canadian Natural Resources will post 6.42 EPS for the current year.

In related news, Senior Officer Timothy Shawn Mckay sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 6th. The shares were sold at an average price of C$54.13, for a total transaction of C$2,706,270.00. Following the sale, the insider now directly owns 1,175,938 shares in the company, valued at approximately C$63,648,114.63. Also, Director Stephen W. Laut sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 13th. The shares were sold at an average price of C$61.91, for a total transaction of C$309,550.00. Following the sale, the director now owns 1,955,864 shares in the company, valued at C$121,087,540.24. Insiders have sold a total of 330,329 shares of company stock valued at $18,144,966 over the last three months.

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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