Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target reduced by equities researchers at Evercore from C$48.00 to C$42.00 in a report issued on Thursday, BayStreet.CA reports. Evercore’s target price points to a potential upside of 28.52% from the company’s previous close.
CNQ has been the topic of a number of other research reports. UBS Group dropped their price target on shares of Canadian Natural Resources from C$59.00 to C$55.00 in a research report on Thursday, June 20th. Royal Bank of Canada dropped their price target on shares of Canadian Natural Resources from C$46.00 to C$45.00 in a research report on Thursday, July 18th. Tudor Pickering & Holt reissued a “hold” rating on shares of Canadian Natural Resources in a research report on Tuesday. Canaccord Genuity lifted their price target on shares of Canadian Natural Resources from C$50.00 to C$53.00 in a research report on Tuesday, July 9th. Finally, National Bank Financial reissued a “sector perform” rating on shares of Canadian Natural Resources in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$45.65.
CNQ traded up C$0.11 during midday trading on Thursday, hitting C$32.68. 830,086 shares of the company’s stock traded hands, compared to its average volume of 3,631,480. The company has a market cap of $38.63 billion and a PE ratio of 8.19. The stock’s fifty day simple moving average is C$33.39 and its 200-day simple moving average is C$35.43. The company has a debt-to-equity ratio of 74.06, a current ratio of 0.59 and a quick ratio of 0.39. Canadian Natural Resources has a one year low of C$30.01 and a one year high of C$42.56.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.87 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.85 by C$0.02. The firm had revenue of C$5.56 billion during the quarter, compared to the consensus estimate of C$5.80 billion. On average, research analysts expect that Canadian Natural Resources will post 2.56 EPS for the current year.
In other news, Senior Officer Betty Yee sold 3,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$37.80, for a total value of C$132,300.00. Following the sale, the insider now owns 80,980 shares in the company, valued at C$3,061,044. Also, Senior Officer Scott Gerald Stauth sold 25,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$36.19, for a total transaction of C$904,762.50. Following the completion of the sale, the insider now owns 49,221 shares in the company, valued at approximately C$1,781,332.60. In the last 90 days, insiders sold 32,500 shares of company stock worth $1,183,583.
About Canadian Natural Resources
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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