Canadian Natural Resources (CNQ) Price Target Increased to C$50.00 by Analysts at Canaccord Genuity
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.
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)
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