TD Securities upgraded shares of Canadian Natural Resources (TSE:CNQ – Get Rating) (NYSE:CNQ) from a buy rating to an action list buy rating in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have C$89.00 price target on the stock, down from their prior price target of C$92.00.
Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus lowered their price target on shares of Canadian Natural Resources from C$115.00 to C$111.00 in a report on Monday, August 8th. CIBC lowered their price target on shares of Canadian Natural Resources from C$95.00 to C$85.00 in a report on Wednesday, August 31st. National Bankshares lowered their price target on shares of Canadian Natural Resources from C$115.00 to C$100.00 and set an outperform rating on the stock in a report on Monday, July 18th. JPMorgan Chase & Co. boosted their price target on shares of Canadian Natural Resources from C$92.00 to C$94.00 in a report on Friday, August 5th. Finally, Scotiabank cut shares of Canadian Natural Resources from an outperform rating to a hold rating and boosted their price target for the company from C$88.00 to C$91.00 in a report on Wednesday, June 8th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of Moderate Buy and an average price target of C$78.59.
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Canadian Natural Resources Price Performance
Shares of TSE:CNQ opened at C$64.30 on Thursday. The company's fifty day moving average is C$69.72 and its two-hundred day moving average is C$74.10. The company has a quick ratio of 0.60, a current ratio of 0.85 and a debt-to-equity ratio of 36.02. Canadian Natural Resources has a 12-month low of C$46.06 and a 12-month high of C$88.18. The company has a market cap of C$74.22 billion and a P/E ratio of 6.68.
Canadian Natural Resources (TSE:CNQ – Get Rating) (NYSE:CNQ) last announced its earnings results on Thursday, August 4th. The company reported C$3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.85 by C$0.41. The firm had revenue of C$11.48 billion for the quarter, compared to analyst estimates of C$10.04 billion. Equities analysts expect that Canadian Natural Resources will post 10.0899998 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Canadian Natural Resources news, Senior Officer Scott Gerald Stauth sold 17,500 shares of the business's stock in a transaction on Monday, August 29th. The shares were sold at an average price of C$75.64, for a total transaction of C$1,323,700.00. Following the completion of the transaction, the insider now owns 49,221 shares of the company's stock, valued at approximately C$3,723,076.44. In other news, Senior Officer Scott Gerald Stauth sold 17,500 shares of the company's stock in a transaction dated Monday, August 29th. The shares were sold at an average price of C$75.64, for a total transaction of C$1,323,700.00. Following the completion of the transaction, the insider now owns 49,221 shares of the company's stock, valued at C$3,723,076.44. Also, Senior Officer Kyle Grayson Pisio sold 2,000 shares of the company's stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of C$74.47, for a total transaction of C$148,940.00. Following the transaction, the insider now directly owns 14,282 shares of the company's stock, valued at approximately C$1,063,580.54. Insiders sold a total of 50,530 shares of company stock valued at $3,734,577 in the last quarter.
About Canadian Natural Resources
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Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.
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