Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price boosted by Canaccord Genuity from C$45.00 to C$50.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on CNQ. National Bank Financial decreased their price objective on shares of Canadian Natural Resources from C$64.00 to C$42.00 and set an outperform rating for the company in a research note on Monday, December 10th. JPMorgan Chase & Co. cut their target price on shares of Canadian Natural Resources from C$54.00 to C$48.00 in a research note on Tuesday, December 11th. GMP Securities cut their target price on shares of Canadian Natural Resources from C$48.00 to C$47.00 in a research note on Thursday, December 13th. Barclays reduced their target price on shares of Canadian Natural Resources from C$49.00 to C$46.00 in a report on Thursday, January 10th. Finally, CSFB reaffirmed an outperform rating and set a C$48.00 price target on shares of Canadian Natural Resources in a research report on Monday, January 28th. Nine research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average target price of C$47.94.

TSE CNQ opened at C$39.11 on Tuesday. Canadian Natural Resources has a one year low of C$30.11 and a one year high of C$49.08. The company has a debt-to-equity ratio of 64.50, a quick ratio of 0.37 and a current ratio of 0.63. The company has a market capitalization of $46.56 billion and a P/E ratio of 18.45.

In other news, insider Timothy Shawn Mckay sold 85,000 shares of the firm’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of C$35.58, for a total transaction of C$3,024,300.00. Following the completion of the sale, the insider now directly owns 1,157,853 shares in the company, valued at C$41,196,409.74. Also, Senior Officer Michel Cusson RĂ©al bought 12,500 shares of the stock in a transaction dated Thursday, January 10th. The shares were acquired at an average price of C$34.96 per share, with a total value of C$437,000.00. Following the completion of the purchase, the insider now directly owns 712,923 shares of the company’s stock, valued at C$24,923,788.08. Insiders sold 145,000 shares of company stock valued at $5,187,848 in the last ninety days.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

See Also: Earnings Per Share (EPS)

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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