RBC Capital analyst Gregory Pardy maintained a Buy rating on Canadian Natural (CNQ – Research Report) yesterday and set a price target of C$94.00. The company’s shares closed yesterday at $64.89.
According to TipRanks, Pardy is a 5-star analyst with an average return of 22.4% and a 60.11% success rate. Pardy covers the Energy sector, focusing on stocks such as Cenovus Energy, Baytex Energy, and Enerplus.
In addition to RBC Capital, Canadian Natural also received a Buy from Stifel Nicolaus’s Michael Dunn in a report issued on December 19. However, on December 18, Jefferies maintained a Hold 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 182 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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