Gerdes Energy Research Issues Positive Forecast for Canadian Natural Resources (TSE:CNQ) Stock Price

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target upped by equities research analysts at Gerdes Energy Research from C$53.00 to C$55.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Gerdes Energy Research’s price target indicates a potential upside of 16.45% from the company’s previous close.

A number of other equities analysts have also recently issued reports on CNQ. TD Securities raised their price objective on shares of Canadian Natural Resources from C$56.00 to C$58.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. BMO Capital Markets raised their price objective 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 increased their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Finally, Raymond James increased their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$74.31.

Canadian Natural Resources Trading Down 0.3 %

TSE CNQ traded down C$0.12 during trading hours on Friday, hitting C$47.23. The company’s stock had a trading volume of 1,919,059 shares, compared to its average volume of 11,829,737. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49. The firm has a market capitalization of C$100.60 billion, a P/E ratio of 13.46, a PEG ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The stock has a fifty day moving average of C$47.39 and a 200 day moving average of C$65.10.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data 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. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. The firm had revenue of C$9.05 billion for the quarter, compared to analysts’ expectations of C$8.41 billion. Equities research analysts forecast that Canadian Natural Resources will post 3.833989 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction on 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 news, Senior Officer Trevor Wagil sold 4,272 shares of Canadian Natural Resources stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of C$47.51, for a total value of C$202,966.99. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Company insiders own 4.26% of the company’s stock.

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).