Canadian Natural Resources (TSE:CNQ) Upgraded at Gerdes Energy Research

Canadian Natural Resources (TSE:CNQGet 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

TSE:CNQ opened at C$43.80 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. The company has a market capitalization of C$93.29 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The firm has a 50-day moving average price of C$47.69 and a two-hundred day moving average price of C$51.69. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49.

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

(Get Free Report)

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).

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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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