A number of other brokerages also recently commented on CNQ. Raymond James Financial boosted their price objective on Canadian Natural Resources from C$49.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. Barclays boosted their price objective on Canadian Natural Resources from C$38.00 to C$41.00 in a research report on Monday, November 20th. Scotiabank boosted their price objective on Canadian Natural Resources from C$45.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. BMO Capital Markets reissued an outperform rating and set a C$54.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, November 8th. Finally, TD Securities boosted their price objective on Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Canadian Natural Resources has a consensus rating of Buy and a consensus target price of C$52.86.
Canadian Natural Resources (TSE:CNQ) opened at C$46.31 on Thursday. Canadian Natural Resources has a 52-week low of C$35.90 and a 52-week high of C$47.00. The company has a market capitalization of $56,410.00, a PE ratio of 20.86 and a beta of 1.07.
In related news, insider William Robert Peterson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$42.91, for a total value of C$429,100.00. Also, insider Réal Michel Cusson purchased 12,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of C$28.74 per share, with a total value of C$359,250.00. Over the last ninety days, insiders purchased 50,000 shares of company stock valued at $1,411,500 and sold 156,014 shares valued at $7,136,088.
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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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