Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target boosted by equities research analysts at The Goldman Sachs Group from C$38.00 to C$44.00 in a report released on Friday, Price Targets.com reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's target price would suggest a potential downside of 3.04% from the company's previous close.
A number of other brokerages also recently weighed in on CNQ. Tudor Pickering lifted their target price on shares of Canadian Natural Resources to C$48.00 and gave the stock a "buy" rating in a research note on Thursday, June 3rd. Raymond James lifted their price objective on Canadian Natural Resources to C$49.00 and gave the stock an "outperform" rating in a research report on Friday, May 7th. Royal Bank of Canada upped their target price on Canadian Natural Resources from C$44.00 to C$45.00 and gave the company an "outperform" rating in a research report on Friday, May 7th. Eight Capital lifted their target price on Canadian Natural Resources to C$50.00 and gave the stock a "na" rating in a report on Wednesday, February 17th. Finally, BMO Capital Markets raised their price objective on shares of Canadian Natural Resources from C$45.00 to C$52.00 and gave the stock a "na" rating in a research report on Monday, March 15th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. The stock presently has an average rating of "Buy" and an average price target of C$44.98.
TSE:CNQ traded up C$0.66 during trading hours on Friday, hitting C$45.38. 2,192,413 shares of the company were exchanged, compared to its average volume of 6,133,340. The company has a market cap of C$53.77 billion and a PE ratio of 24.18. Canadian Natural Resources has a one year low of C$19.77 and a one year high of C$45.97. The business's fifty day moving average is C$40.24. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 65.35.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, May 6th. The company reported C$1.03 EPS for the quarter, topping the Zacks' consensus estimate of C$0.85 by C$0.18. The company had revenue of C$6.61 billion during the quarter, compared to analyst estimates of C$6.15 billion. On average, research analysts anticipate that Canadian Natural Resources will post 3.4613264 EPS for the current year.
In related news, Senior Officer William Robert Peterson sold 9,500 shares of the firm's stock in a transaction dated Friday, May 28th. The shares were sold at an average price of C$41.91, for a total transaction of C$398,110.80. Following the transaction, the insider now directly owns 107,683 shares of the company's stock, valued at C$4,512,606.87. Also, Director Stephen W. Laut sold 5,000 shares of the company's stock in a transaction dated Monday, March 15th. The stock was sold at an average price of C$40.36, for a total transaction of C$201,800.00. Following the completion of the sale, the director now directly owns 2,275,112 shares of the company's stock, valued at C$91,823,520.32. In the last ninety days, insiders sold 161,375 shares of company stock worth $6,784,323.
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 synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.
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