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

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Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective increased by stock analysts at CSFB from C$48.00 to C$50.00 in a research note issued to investors on Thursday. CSFB’s price objective indicates a potential upside of 35.14% from the stock’s current price.

CNQ has been the topic of a number of other research reports. Canaccord Genuity reduced their target price on Canadian Natural Resources from C$50.00 to C$45.00 in a report on Thursday, January 10th. CIBC cut their price objective on Canadian Natural Resources from C$55.00 to C$47.00 in a report on Thursday, November 22nd. JPMorgan Chase & Co. cut their price objective on Canadian Natural Resources from C$48.00 to C$46.00 in a report on Wednesday, January 9th. TD Securities cut their price objective on Canadian Natural Resources from C$56.00 to C$54.00 and set a “buy” rating on the stock in a report on Friday, December 7th. Finally, National Bank Financial cut their price objective on Canadian Natural Resources from C$64.00 to C$42.00 and set an “outperform” rating on the stock in a report on Monday, December 10th. Seven equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$47.13.

Shares of CNQ opened at C$37.00 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.61 and a debt-to-equity ratio of 59.09. Canadian Natural Resources has a 1 year low of C$30.11 and a 1 year high of C$49.08. The stock has a market cap of $44.89 billion and a price-to-earnings ratio of 12.05.

In other Canadian Natural Resources news, Senior Officer Michel Cusson RĂ©al acquired 12,500 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were acquired at an average price of C$34.96 per share, for a total transaction of C$437,000.00. Following the acquisition, the insider now directly owns 712,923 shares of the company’s stock, valued at approximately C$24,923,788.08. Also, Director Norman Murray Edwards sold 40,000 shares of Canadian Natural Resources stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of C$35.73, for a total value of C$1,429,348.00. Following the transaction, the director now owns 21,894,013 shares in the company, valued at approximately C$782,354,092.34.

About Canadian Natural Resources

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.

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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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