Canadian Natural Resources (CNQ) Price Target Increased to C$55.00 by Analysts at Barclays

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective hoisted by analysts at Barclays from C$44.00 to C$55.00 in a research note issued on Monday. Barclays’ target price would indicate a potential upside of 29.20% from the company’s current price.

Other analysts have also issued research reports about the company. Wells Fargo & Co lifted their price objective on Canadian Natural Resources from C$52.00 to C$59.00 in a report on Thursday, January 11th. GMP Securities lifted their price objective on Canadian Natural Resources from C$52.00 to C$56.00 in a report on Friday, November 3rd. JPMorgan Chase & Co. lifted their price objective on Canadian Natural Resources from C$47.00 to C$48.00 in a report on Friday, November 3rd. TD Securities lifted their price objective on Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Eight Capital set a C$60.00 price objective on Canadian Natural Resources and gave the stock a “buy” rating in a report on Thursday, January 11th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$53.64.

Canadian Natural Resources (TSE CNQ) opened at C$42.57 on Monday. Canadian Natural Resources has a one year low of C$35.90 and a one year high of C$47.00. The firm has a market capitalization of $51,860.00, a price-to-earnings ratio of 19.18 and a beta of 1.07.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Thursday, November 2nd. The company reported C$0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.05). Canadian Natural Resources had a return on equity of 8.80% and a net margin of 15.95%.

In other Canadian Natural Resources news, insider William Robert Peterson sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$42.91, for a total transaction of C$429,100.00. Also, insider Réal Michel Cusson purchased 12,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of C$28.74 per share, with a total value of C$359,250.00. In the last three months, insiders have acquired 52,650 shares of company stock valued at $1,531,413 and have sold 221,014 shares valued at $10,131,138.

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About Canadian Natural Resources

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.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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