Canadian Natural Resources (TSE:CNQ – Free Report) (NYSE:CNQ) had its price target boosted by Raymond James from C$51.00 to C$52.00 in a research note released on Friday,BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.
Other equities analysts also recently issued research reports about the company. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. National Bankshares lowered their price objective on Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a research report on Friday. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada lifted their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Natural Resources has a consensus rating of “Moderate Buy” and an average price target of C$68.60.
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Canadian Natural Resources Stock Performance
Insider Activity at Canadian Natural Resources
In other Canadian Natural Resources news, Senior Officer Robin Sean Zabek sold 19,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total transaction of C$818,254.00. Also, Senior Officer Victor Clinton Darel sold 2,252 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of C$43.68, for a total value of C$98,367.36. Over the last 90 days, insiders have sold 146,932 shares of company stock worth $6,613,689. 4.26% of the stock is owned by insiders.
About Canadian Natural Resources
Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.
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