In a report released today, Lloyd Byrne from Jefferies maintained a Hold rating on Canadian Natural (CNQ – Research Report), with a price target of C$96.00. The company’s shares opened today at $63.43.
Byrne covers the Energy sector, focusing on stocks such as Exxon Mobil, Baker Hughes Company, and Civitas Resources. According to TipRanks, Byrne has an average return of 29.4% and a 54.36% success rate on recommended stocks.
In addition to Jefferies, Canadian Natural also received a Hold from Scotiabank’s Jason Bouvier in a report issued on December 15. However, on the same day, Desjardins maintained a Buy rating on Canadian Natural (NYSE: CNQ).
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Based on Canadian Natural’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.76 billion and a net profit of $2.34 billion. In comparison, last year the company earned a revenue of $12.57 billion and had a net profit of $2.62 billion
Based on the recent corporate insider activity of 183 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNQ in relation to earlier this year.
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Canadian Natural (CNQ) Company Description:
Founded in 1973, Canadian Natural Resources Ltd. is an oil and natural gas production company. It is engaged in the exploration, development, marketing, and production of crude oil, natural gas, and natural gas liquids (NGLs).
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