Canadian Natural Resources (TSE:CNQ) PT Raised to C$107.00 at ATB Capital

Canadian Natural Resources (TSE:CNQGet Free Report) (NYSE:CNQ) had its price objective hoisted by analysts at ATB Capital from C$100.00 to C$107.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s target price suggests a potential upside of 6.49% from the stock’s current price.

CNQ has been the topic of a number of other reports. Desjardins lowered their price objective on Canadian Natural Resources from C$105.00 to C$97.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Royal Bank of Canada upped their price target on Canadian Natural Resources from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. BMO Capital Markets upped their price target on Canadian Natural Resources from C$105.00 to C$110.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Evercore upped their price target on Canadian Natural Resources from C$90.00 to C$105.00 and gave the company an “in-line” rating in a research report on Friday, March 1st. Finally, National Bankshares upped their price target on Canadian Natural Resources from C$90.00 to C$94.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$99.06.

Check Out Our Latest Analysis on CNQ

Canadian Natural Resources Stock Performance

CNQ opened at C$100.48 on Wednesday. The stock has a market cap of C$107.51 billion, a PE ratio of 13.45, a P/E/G ratio of 0.53 and a beta of 1.98. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 31.01. Canadian Natural Resources has a 1 year low of C$69.09 and a 1 year high of C$100.87. The stock’s 50 day simple moving average is C$88.96 and its 200-day simple moving average is C$88.23.

Insider Activity

In other news, Director Norman Murray Edwards sold 270,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of C$88.86, for a total transaction of C$23,993,361.00. In other Canadian Natural Resources news, Director Norman Murray Edwards sold 270,000 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of C$88.86, for a total value of C$23,993,361.00. Also, Senior Officer Calvin John Bast sold 3,750 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$97.62, for a total value of C$366,058.88. Insiders have sold 634,749 shares of company stock valued at $59,381,690 over the last 90 days. 2.23% of the stock is owned by company insiders.

About Canadian Natural Resources

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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 light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).

Further Reading

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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