Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) had its target price cut by equities researchers at BMO Capital Markets from C$60.00 to C$58.00 in a research note issued on Tuesday. BMO Capital Markets’ target price indicates a potential upside of 42.82% from the stock’s current price.
A number of other equities analysts also recently weighed in on the company. Royal Bank of Canada downgraded Canadian Natural Resource from a “top pick” rating to an “outperform” rating and lowered their price target for the stock from C$58.00 to C$55.00 in a research report on Thursday, September 20th. Canaccord Genuity boosted their price target on Canadian Natural Resource from C$54.00 to C$60.00 in a research report on Tuesday, July 10th. National Bank Financial lowered their price target on Canadian Natural Resource from C$66.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Friday, August 3rd. Barclays boosted their price target on Canadian Natural Resource from C$55.00 to C$59.00 in a research report on Wednesday, July 11th. Finally, Raymond James boosted their price target on Canadian Natural Resource from C$59.00 to C$65.00 in a research report on Thursday, July 5th. Eight equities research analysts have rated the stock with a buy rating, Canadian Natural Resource presently has an average rating of “Buy” and a consensus target price of C$56.47.
TSE CNQ traded down C$0.72 during trading on Tuesday, reaching C$40.61. 2,451,009 shares of the company’s stock were exchanged, compared to its average volume of 2,865,354. Canadian Natural Resource has a fifty-two week low of C$36.88 and a fifty-two week high of C$49.08.
Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, August 2nd. The company reported C$0.90 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.19. The firm had revenue of C$5.95 billion for the quarter, compared to the consensus estimate of C$5.53 billion. Canadian Natural Resource had a return on equity of 5.04% and a net margin of 7.90%.
In other news, insider Betty Yee sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of C$43.98, for a total value of C$65,970.00. Also, insider Ronald Keith Laing sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of C$45.40, for a total value of C$181,600.00. Insiders sold 11,600 shares of company stock worth $503,617 in the last ninety days.
Canadian Natural Resource Company Profile
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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