Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$66.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective hoisted by Royal Bank of Canada from C$60.00 to C$66.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on CNQ. BMO Capital Markets upped their price objective on shares of Canadian Natural Resources from C$59.00 to C$65.00 and gave the company a na rating in a report on Friday, November 5th. Tudor Pickering upped their target price on shares of Canadian Natural Resources to C$62.00 and gave the company a buy rating in a research report on Tuesday. National Bankshares decreased their target price on shares of Canadian Natural Resources from C$76.00 to C$74.00 and set an outperform rating on the stock in a research report on Wednesday. ATB Capital upped their target price on shares of Canadian Natural Resources from C$65.00 to C$69.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Credit Suisse Group increased their price target on shares of Canadian Natural Resources to C$63.00 and gave the stock an outperform rating in a research report on Thursday, January 6th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources currently has an average rating of Buy and a consensus target price of C$63.38.

Canadian Natural Resources stock opened at C$65.18 on Wednesday. Canadian Natural Resources has a 52-week low of C$28.67 and a 52-week high of C$65.51. The firm has a market capitalization of C$76.71 billion and a price-to-earnings ratio of 13.16. The company has a fifty day simple moving average of C$53.86 and a 200-day simple moving average of C$47.99. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 51.74.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, November 4th. The company reported C$1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.51 by C$0.26. The firm had revenue of C$7.71 billion during the quarter, compared to analysts’ expectations of C$7.91 billion. On average, research analysts anticipate that Canadian Natural Resources will post 6.42 EPS for the current fiscal year.

In other news, Senior Officer Darren Fichter sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of C$55.03, for a total transaction of C$522,785.00. Following the transaction, the insider now directly owns 67,379 shares in the company, valued at C$3,707,866.37. Also, Senior Officer Corey B. Bieber sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 3rd. The stock was sold at an average price of C$51.52, for a total transaction of C$515,200.00. Insiders sold 330,329 shares of company stock worth $18,144,966 over the last quarter.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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