Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) had its price objective hoisted by equities researchers at Jefferies Financial Group from C$49.00 to C$57.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential upside of 10.23% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. TD Securities increased their price objective on shares of Canadian Natural Resources from C$56.00 to C$58.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets increased their price objective on shares of Canadian Natural Resources from C$57.50 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Raymond James increased their price objective on shares of Canadian Natural Resources from C$48.00 to C$51.00 and gave the company a “market perform” rating in a report on Tuesday, October 8th. Finally, Gerdes Energy Research increased their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 in a report on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$74.13.
Read Our Latest Stock Report on Canadian Natural Resources
Canadian Natural Resources Trading Up 0.5 %
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last released its earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.84 by C$0.04. The company had revenue of C$9.05 billion during the quarter, compared to analyst estimates of C$8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. As a group, research analysts predict that Canadian Natural Resources will post 3.6036866 earnings per share for the current year.
Insider Buying and Selling
In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total transaction of C$183,900.00. In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total transaction of C$183,900.00. Also, Senior Officer Trevor Wagil sold 4,272 shares of Canadian Natural Resources stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total value of C$202,966.99. 4.26% of the stock is owned by corporate insiders.
About Canadian Natural Resources
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).
See Also
- Five stocks we like better than Canadian Natural Resources
- What Are Growth Stocks and Investing in Them
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- Manufacturing Stocks Investing
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- What is a buyback in stocks? A comprehensive guide for investors
- MarketBeat Week in Review – 10/7 – 10/11
Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.