Canadian Natural Resources (TSE:CNQ) PT Set at C$97.00 by Stifel Nicolaus

Canadian Natural Resources (TSE:CNQ – Get Rating) (NYSE:CNQ) received a C$97.00 target price from investment analysts at Stifel Nicolaus in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 26.27% from the stock’s current price.

Several other equities research analysts have also weighed in on CNQ. Jefferies Financial Group set a C$80.00 price objective on Canadian Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, October 19th. ATB Capital raised their target price on Canadian Natural Resources from C$92.00 to C$94.00 in a research report on Thursday, December 1st. Wells Fargo & Company decreased their target price on Canadian Natural Resources from C$86.00 to C$84.00 in a research report on Thursday, December 1st. National Bankshares raised their target price on Canadian Natural Resources from C$88.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. Finally, CIBC raised their target price on Canadian Natural Resources from C$85.00 to C$90.00 in a research report on Friday, October 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average price target of C$89.33.

Canadian Natural Resources Stock Performance

CNQ opened at C$76.82 on Friday. The firm has a market cap of C$85.04 billion and a PE ratio of 7.49. The company has a quick ratio of 0.54, a current ratio of 0.78 and a debt-to-equity ratio of 37.96. The business has a fifty day simple moving average of C$76.99 and a 200-day simple moving average of C$72.99. Canadian Natural Resources has a fifty-two week low of C$58.75 and a fifty-two week high of C$88.18.

Canadian Natural Resources (TSE:CNQ – Get Rating) (NYSE:CNQ) last released its quarterly earnings data on Thursday, November 3rd. The company reported C$3.09 earnings per share for the quarter, topping the consensus estimate of C$2.80 by C$0.29. The company had revenue of C$10.46 billion for the quarter, compared to the consensus estimate of C$10.48 billion. As a group, equities analysts predict that Canadian Natural Resources will post 9.8699996 EPS for the current fiscal year.

Insider Activity at Canadian Natural Resources

In related news, Director Stephen W. Laut sold 95,000 shares of Canadian Natural Resources stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of C$79.71, for a total transaction of C$7,572,450.00. Following the completion of the sale, the director now owns 1,544,458 shares of the company’s stock, valued at C$123,108,747.18. In other Canadian Natural Resources news, Senior Officer Timothy Shawn Mckay sold 19,000 shares of the business’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of C$71.04, for a total value of C$1,349,744.80. Following the completion of the sale, the insider now owns 1,192,158 shares of the company’s stock, valued at C$84,689,950.59. Also, Director Stephen W. Laut sold 95,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of C$79.71, for a total value of C$7,572,450.00. Following the sale, the director now owns 1,544,458 shares of the company’s stock, valued at approximately C$123,108,747.18. Over the last 90 days, insiders sold 282,980 shares of company stock valued at $22,356,180.

Canadian Natural Resources Company Profile

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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.