RBC Capital reaffirmed their outperform rating on shares of Canadian Natrl Res (NYSE:CNQ) in a report released on Thursday, AnalystRatings.Net reports. RBC Capital currently has a $38.00 price objective on the stock.
Canadian Natrl Res (NYSE:CNQ) traded up 0.76% during mid-day trading on Thursday, hitting $31.72. 1,086,030 shares of the company’s stock traded hands. Canadian Natrl Res has a 52 week low of $26.83 and a 52 week high of $33.64. The stock has a 50-day moving average of $30.88 and a 200-day moving average of $30.51. The company has a market cap of $34.495 billion and a price-to-earnings ratio of 24.16.
Canadian Natrl Res (NYSE:CNQ) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.02. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts expect that Canadian Natrl Res will post $2.31 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank raised their price target on shares of Canadian Natrl Res (NYSE:CNQ) from $38.00 to $42.00 in a research note to investors on Tuesday, September 24th. Separately, analysts at Zacks reiterated a neutral rating on shares of Canadian Natrl Res (NYSE:CNQ) in a research note to investors on Monday, September 16th. They now have a $33.00 price target on the stock. Finally, analysts at FirstEnergy Capital downgraded shares of Canadian Natrl Res (NYSE:CNQ) from a top pick rating to an outperform rating in a research note to investors on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $37.00.
Canadian Natural Resources Limited (NYSE:CNQ) is an independent crude oil and natural gas exploration, development and production company.
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