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

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

Several other brokerages have also issued reports on CNQ. Credit Suisse Group raised their price target on shares of Canadian Natural Resources to C$63.00 and gave the stock an outperform rating in a research note on Thursday, January 6th. Tudor Pickering reaffirmed a buy rating and issued a C$57.00 price target on shares of Canadian Natural Resources in a report on Wednesday, November 10th. CSFB boosted their price objective on Canadian Natural Resources from C$59.00 to C$63.00 in a research note on Thursday, January 6th. ATB Capital increased their price objective on Canadian Natural Resources from C$58.00 to C$65.00 in a report on Tuesday, November 23rd. Finally, Raymond James set a C$63.00 price objective on Canadian Natural Resources and gave the stock an outperform rating in a report on Friday, November 12th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of C$63.38.

Shares of CNQ stock opened at C$65.18 on Tuesday. The company has a 50 day moving average of C$53.86 and a 200-day moving average of C$47.99. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 51.74. Canadian Natural Resources has a 12-month low of C$28.67 and a 12-month high of C$65.51. The firm has a market cap of C$76.71 billion and a P/E ratio of 13.16.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, November 4th. The company reported C$1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.51 by C$0.26. The company had revenue of C$7.71 billion for the quarter, compared to analysts’ expectations of C$7.91 billion. As a group, equities analysts expect 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 firm’s stock in a transaction dated Monday, December 6th. The stock was sold at an average price of C$54.13, for a total transaction of C$2,706,270.00. Following the transaction, the insider now directly owns 1,175,938 shares of the company’s stock, valued at approximately C$63,648,114.63. Also, Director Stephen W. Laut sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of C$53.58, for a total value of C$267,878.00. Following the transaction, the director now directly owns 2,055,622 shares in the company, valued at C$110,131,182.02. Over the last three months, insiders have sold 330,329 shares of company stock worth $18,144,966.

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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