MarketBeat Ratings reported that Canadian Natural Resources Limited (TSE: CNQ) (NYSE: CNQ) stocks received an average rating of “Buy” from 23 research firms covering the company. One analyst has given the stock a hold rating and nine have given the company a buy rating. The average 12-month target price among brokers who released a report on the stock last year is $ 38.67.
Several research companies recently published reports on CNQ. The Goldman Sachs Group repeated its “neutral” rating and issued a research note on Monday, January 25th, with a price target of CAD 28.00 for shares of Canadian Natural Resources. JPMorgan Chase & Co. lowered its target price on shares of Canadian Natural Resources from C $ 44.00 to C $ 41.00 in a research report on Thursday, January 14th. National Bank Financial raised its target price on shares of Canadian Natural Resources from C $ 41.00 to C $ 50.00 and rated the stock as “Outperform” in a research report on Friday, February 19. On Monday, January 25th, ATB Capital adjusted an “Outperform” rating in a research note and published a price target of CAD 39.50 for shares of Canadian Natural Resources. Finally, Credit Suisse Group raised its target price for Canadian natural resources from C $ 42.00 to C $ 52.00 and rated the share as “Outperform” in a report on Tuesday.
In other news, director Stephen W. Laut bought 1,350 shares in the company in a transaction that occurred on Tuesday, Jan. 5. The shares were acquired at an average price of $ 32.40 per share for a total value of $ 43,740.95. Following the acquisition, the director now holds 2,365,112 shares in the company valued at approximately $ 76,631,284.38. In addition, Senior Officer William Robert Peterson sold 22,500 shares in a transaction that occurred on Thursday, January 7th. The stock was sold at an average price of $ 34.25 for a total transaction of $ 770,557.50. Upon completion of the sale, the Insider now holds 105,640 shares in the company valued at $ 3,617,853.08. Insiders have sold a total of 244,000 shares in the company in the past three months, valued at $ 8,132,661.
The long awaited uranium bull market is here. Leading indicators point to a move towards all-time highs of USD 140. We did the heavy lifting for you by identifying the best uranium stocks – trading well below $ 1 – and sitting on a key property in the world’s safest high-grade uranium district.
Canadian Natural Resources shares opened on Friday at a price of $ 40.20. The company has a market capitalization of $ 47.66 billion and a PER of -108.65. The stock has a 50-day simple moving average of $ 34.02 and a 200-day simple moving average of $ 28.67. Canadian Natural Resources has a 12-month low of $ 9.80 and a 12-month high of $ 41.05. The company has a current rate of 0.86, a quick rate of 0.59, and a leverage ratio of 71.47.
About Canadian Natural Resources
Canadian Natural Resources Limited researches, develops, manufactures, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude (SCO), light and medium crude, bitumen (thermal oil), primary heavy crude, and heavy crude from Pelican Lake. Midstream assets include two crude oil pipeline systems; and a 50% stake in an 84 megawatt cogeneration power plant in Primrose.
Further reading: Analyst Ratings Trading
This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage possible. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
7 Electric Vehicle (EV) Stocks That Have Real Juice
I’ll start with a disclaimer. Tesla (NASDAQ: TSLA) or Nio (NYSE: NIO) do not appear on this list. And not because I’m contrary. I only consider Tesla and Nio to be the known amounts in the electric vehicle space. The aim of this presentation is to help you identify any stocks that may be flying under your radar.
Many EV shares went public in 2020 through a Special Purpose Acquisition Company (SPAC). This story has both good and bad. The good thing is that investors have many options to invest in the EV sector. Many of the companies that have entered the market are trying to enter a specific niche.
The potentially bad news is that these stocks are very speculative in nature. While companies like Tesla and Nio have a proven (if recent) track record, there are things like sales and orders for investors to analyze. Many of these newly listed companies ask investors to buy history rather than stock, and that’s always risky.
However, in this particular presentation, we identified seven companies that look like they have a story compelling enough that investors should be rewarded in 2021.
Check out the “7 Electric Vehicle (EV) Stocks That Have Real Juice”.