Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from C$54.00 to C$48.00 in a research report issued on Tuesday. JPMorgan Chase & Co.’s price objective points to a potential upside of 34.98% from the company’s previous close.
Several other research analysts have also commented on the stock. National Bank Financial decreased their price target on shares of Canadian Natural Resources from C$64.00 to C$42.00 and set an “outperform” rating for the company in a report on Monday. TD Securities decreased their price target on shares of Canadian Natural Resources from C$56.00 to C$54.00 and set a “buy” rating for the company in a report on Friday, December 7th. BMO Capital Markets decreased their price target on shares of Canadian Natural Resources from C$58.00 to C$55.00 in a report on Thursday, December 6th. CIBC cut their price objective on shares of Canadian Natural Resources from C$55.00 to C$47.00 in a research report on Thursday, November 22nd. Finally, Canaccord Genuity cut their price objective on shares of Canadian Natural Resources from C$55.00 to C$50.00 in a research report on Tuesday, November 20th. Six analysts have rated the stock with a buy rating, Canadian Natural Resources currently has an average rating of “Buy” and a consensus target price of C$53.80.
TSE CNQ opened at C$35.56 on Tuesday. Canadian Natural Resources has a one year low of C$32.08 and a one year high of C$49.08. 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 (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Thursday, November 1st. The company reported C$1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.87 by C$0.31. The business had revenue of C$5.90 billion during the quarter, compared to analyst estimates of C$6.10 billion. As a group, analysts anticipate that Canadian Natural Resources will post 2.92000004598425 EPS for the current fiscal year.
In other Canadian Natural Resources news, insider Ronald Keith Laing sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of C$41.82, for a total transaction of C$108,732.00. Also, insider Allan E. Frankiw sold 1,000 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of C$42.54, for a total transaction of C$42,540.00. Over the last quarter, insiders sold 3,800 shares of company stock worth $158,950.
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.
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