Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$59.00 at CSFB

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target hoisted by investment analysts at CSFB from C$54.00 to C$59.00 in a note issued to investors on Friday, April 13th. CSFB’s price objective points to a potential upside of 31.43% from the stock’s current price.

Several other research firms also recently commented on CNQ. Eight Capital set a C$60.00 target price on shares of Canadian Natural Resources and gave the stock a “buy” rating in a research report on Thursday, January 11th. Wells Fargo boosted their target price on shares of Canadian Natural Resources from C$52.00 to C$59.00 in a research report on Thursday, January 11th. National Bank Financial boosted their target price on shares of Canadian Natural Resources from C$52.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Barclays boosted their target price on shares of Canadian Natural Resources from C$41.00 to C$44.00 in a research report on Thursday, December 21st. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “top pick” rating in a research report on Friday, March 2nd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$53.07.

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CNQ traded down C$0.72 on Friday, reaching C$44.89. 1,933,489 shares of the company traded hands, compared to its average volume of 2,813,067. Canadian Natural Resources has a 52-week low of C$35.90 and a 52-week high of C$47.00.



Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, March 1st. The company reported C$0.38 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.37 by C$0.01. Canadian Natural Resources had a net margin of 7.90% and a return on equity of 5.04%. The firm had revenue of C$5.01 billion for the quarter, compared to the consensus estimate of C$4.57 billion.

In other news, insider Betty Yee sold 1,000 shares of the business’s stock in a transaction on Friday, April 6th. The shares were sold at an average price of C$42.62, for a total value of C$42,620.00. Also, insider Allan E. Frankiw sold 2,500 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of C$44.97, for a total transaction of C$112,425.00. Insiders sold 8,625 shares of company stock valued at $365,965 over the last 90 days.

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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.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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