Canadian Natural Resources (TSE: CNQ) (NYSE: CNQ) Stock analysts at Raymond James raised the target price from C $ 45.00 to C $ 53.00 in a research report published on Wednesday, reports BayStreet.CA. The broker currently has an “Outperform” rating on the stock. Raymond James’ price target would represent a potential 35.58% gain over the current price of the stock.
CNQ has been the subject of a number of other research reports. BMO Capital Markets raised its target price for Canadian natural resources from C $ 45.00 to C $ 52.00 and gave the share a “na” rating in a research note on Monday. Tudor Pickering reiterated its buy recommendation and issued a research note on Thursday, January 14th, with a price target of CAD 40.00 for shares of Canadian Natural Resources. National Bank Financial raised its target price for Canadian natural resources from C $ 41.00 to C $ 50.00 and rated the company as “Outperform” in a research note on Friday, February 19. CIBC raised its target price for Canadian natural resources in a research note on Wednesday, December 16, from C $ 31.00 to C $ 42.00. Finally, on Thursday, January 14th, Scotiabank raised its price target for Canadian natural resources from C $ 33.00 to C $ 42.00 in a research note. One investment analyst has given the stock a hold rating and ten have given the company a buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 39.33.
TSE CNQ’s shares were trading at $ 0.38 at noon on Wednesday, trading at $ 39.09. The company’s stock had a trading volume of 4,446,112 shares versus an average volume of 6,255,857 shares. Canadian Natural Resources has a 12-month low of $ 9.80 and a 12-month high of $ 41.05. The company has a 50-day moving average price of $ 34.77 and a 200-day moving average price of $ 28.95. The stock has a market capitalization of $ 46.34 billion and a P / E of -105.89. The company has a leverage ratio of 71.47, a current rate of 0.86, and a fast rate of 0.59.
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In other news, director Stephen W. Laut sold 5,000 shares in the company in a transaction on Monday March 15. The shares were sold at an average price of $ 40.36 for a total value of $ 201,800. Following the transaction, the director now holds 2,275,112 shares in the company valued at $ 91,823,520.32. In addition, Senior Officer Paul Martin Mendes sold 4,000 shares in the company in a transaction on Monday, January 4th. The stock was sold at an average price of $ 31.06 for a total transaction of $ 124,246. In the past ninety days, insiders have sold 249,000 shares in the company, valued at $ 8,379,486.
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.
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