Canadian Natural Resources Limited (CNQ) Given Consensus Rating of “Buy” by Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been assigned an average recommendation of “Buy” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$53.64.

Several equities research analysts have issued reports on the company. Raymond James Financial increased their price target on Canadian Natural Resources from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Barclays increased their price target on Canadian Natural Resources from C$38.00 to C$41.00 in a report on Monday, November 20th. Scotiabank increased their price target on Canadian Natural Resources from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. BMO Capital Markets restated an “outperform” rating and issued a C$54.00 price target on shares of Canadian Natural Resources in a report on Wednesday, November 8th. Finally, TD Securities increased their price target on Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a “buy” rating in a report on Thursday, November 9th.

Canadian Natural Resources (TSE:CNQ) traded up C$0.27 during midday trading on Tuesday, reaching C$38.62. The company had a trading volume of 3,802,400 shares, compared to its average volume of 2,600,000. The company has a market capitalization of $47,220.00, a P/E ratio of 17.40 and a beta of 0.95. Canadian Natural Resources has a fifty-two week low of C$35.90 and a fifty-two week high of C$47.00.

In related news, insider William Robert Peterson sold 10,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$42.91, for a total transaction of C$429,100.00. Also, insider Réal Michel Cusson acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of C$28.06 per share, with a total value of C$701,500.00. Over the last quarter, insiders have purchased 40,150 shares of company stock valued at $1,172,163 and have sold 108,000 shares valued at $4,896,330.

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Canadian Natural Resources Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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