Canadian Natural Resources (CNQ) Given a C$60.00 Price Target at Eight Capital
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) has been assigned a C$60.00 price objective by equities research analysts at Eight Capital in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Eight Capital’s price target suggests a potential upside of 29.56% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Co raised their price target on shares of Canadian Natural Resources from C$52.00 to C$59.00 in a research report on Thursday. GMP Securities raised their price target on shares of Canadian Natural Resources from C$52.00 to C$56.00 in a research report on Friday, November 3rd. JPMorgan Chase & Co. raised their price target on shares of Canadian Natural Resources from C$47.00 to C$48.00 in a research report on Friday, November 3rd. Barclays raised their price target on shares of Canadian Natural Resources from C$41.00 to C$44.00 in a research report on Thursday, December 21st. Finally, TD Securities raised their price target on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$52.86.
Shares of Canadian Natural Resources (CNQ) opened at C$46.31 on Thursday. The firm has a market cap of $56,410.00, a P/E ratio of 20.86 and a beta of 1.07. Canadian Natural Resources has a 1 year low of C$35.90 and a 1 year high of C$47.00.
In other Canadian Natural Resources news, insider Réal Michel Cusson purchased 12,500 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average price of C$28.06 per share, for a total transaction of C$350,750.00. Also, Director Norman Murray Edwards sold 113,014 shares of Canadian Natural Resources stock in a transaction on Friday, November 10th. The stock was sold at an average price of C$46.32, for a total transaction of C$5,234,808.48. In the last ninety days, insiders acquired 50,000 shares of company stock valued at $1,411,500 and sold 156,014 shares valued at $7,136,088.
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About Canadian Natural Resources
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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