Wells Fargo & Company Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$50.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective boosted by stock analysts at Wells Fargo & Company from C$48.00 to C$50.00 in a report issued on Monday,BayStreet.CA reports. Wells Fargo & Company‘s target price suggests a potential upside of 9.77% from the stock’s previous close.

A number of other analysts have also recently weighed in on CNQ. 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. National Bankshares raised their price objective on Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. Desjardins raised Canadian Natural Resources from a “hold” rating to a “buy” rating and upped their target price for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Jefferies Financial Group lifted their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. Finally, Gerdes Energy Research boosted their price objective on shares of Canadian Natural Resources from C$53.00 to C$55.00 in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$72.06.

Canadian Natural Resources Stock Down 0.8 %

CNQ stock opened at C$45.55 on Monday. The firm has a market cap of C$97.02 billion, a PE ratio of 12.98, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 1 year low of C$40.02 and a 1 year high of C$56.49. The company has a fifty day simple moving average of C$47.90 and a 200 day simple moving average of C$53.82. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64.

Insider Transactions at Canadian Natural Resources

In related news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the firm’s stock in a transaction dated 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 the last quarter, insiders have sold 16,422 shares of company stock valued at $785,328. 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).