Canadian Natural Resources Limited (CNQ) Rating Reiterated by National Bank Financial

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ)‘s stock had its “outperform” rating reaffirmed by stock analysts at National Bank Financial in a research note issued on Friday. They currently have a C$52.00 price target on the stock. National Bank Financial’s price target would suggest a potential upside of 13.02% from the company’s current price.

Other analysts have also issued research reports about the company. CIBC dropped their price objective on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research note on Thursday, July 20th. Royal Bank Of Canada upped their price objective on Canadian Natural Resources Limited from C$50.00 to C$51.00 and gave the company a “top pick” rating in a research note on Friday. Canaccord Genuity upped their price objective on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Wednesday, September 6th. Finally, Barclays PLC dropped their price objective on Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research note on Thursday, July 6th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$50.00.

Shares of Canadian Natural Resources Limited (TSE:CNQ) opened at C$46.01 on Friday. Canadian Natural Resources Limited has a 52 week low of C$35.90 and a 52 week high of C$46.74.

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In other news, insider Darren Fichter sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of C$40.92, for a total value of C$122,760.00. Also, insider Ronald Keith Laing sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of C$42.54, for a total value of C$170,160.00. Insiders sold 178,331 shares of company stock worth $7,223,721 in the last ninety days.

Canadian Natural Resources Limited 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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