Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) was upgraded by equities research analysts at Gerdes Energy Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports.
Several other brokerages also recently issued reports on CNQ. CIBC lifted their price objective on Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. ATB Capital boosted their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. National Bankshares increased 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. TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company upped their target price on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Seven equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$71.94.
Check Out Our Latest Stock Analysis on CNQ
Canadian Natural Resources Stock Performance
Insider Buying and Selling
In other news, Director Stephen W. Laut sold 6,400 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$97,405.40. In the last ninety days, insiders have sold 16,422 shares of company stock valued at $785,328. 4.26% of the stock is currently owned by company insiders.
Canadian Natural Resources Company Profile
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).
Featured Articles
- Five stocks we like better than Canadian Natural Resources
- The 3 Best Blue-Chip Stocks to Buy Now
- AppLovin Insiders Sell Shares: Stock Price Indicated Higher
- EV Stocks and How to Profit from Them
- Broadcom’s Stellar Outlook Sparks Hopes for a Semi Sector Rally
- What is Short Interest? How to Use It
- Salesforce’s Clear Path to $400 and Beyond
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.