Canadian Natural Resources’ (CNQ) Outperform Rating Reiterated at Raymond James

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Raymond James restated their outperform rating on shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) in a research note published on Friday morning. The firm currently has a C$45.00 target price on the stock.

A number of other equities research analysts have also recently commented on the stock. CIBC decreased their target price on shares of Canadian Natural Resources from C$55.00 to C$47.00 in a research note on Thursday, November 22nd. Morgan Stanley cut their price objective on shares of Canadian Natural Resources from C$60.00 to C$50.00 in a report on Tuesday, November 20th. Barclays cut their price objective on shares of Canadian Natural Resources from C$49.00 to C$46.00 in a report on Thursday, January 10th. JPMorgan Chase & Co. cut their price objective on shares of Canadian Natural Resources from C$48.00 to C$46.00 in a report on Wednesday, January 9th. Finally, CSFB reaffirmed an outperform rating and set a C$48.00 price objective on shares of Canadian Natural Resources in a report on Monday, January 28th. Six investment analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus target price of C$47.14.

TSE CNQ opened at C$36.40 on Friday. Canadian Natural Resources has a 12 month low of C$30.11 and a 12 month high of C$49.08. The company has a market cap of $43.89 billion and a price-to-earnings ratio of 11.86. The company has a current ratio of 0.92, a quick ratio of 0.61 and a debt-to-equity ratio of 59.09.

In related news, insider Timothy Shawn Mckay sold 85,000 shares of the firm’s stock in a transaction on Thursday, January 10th. The shares were sold at an average price of C$35.58, for a total value of C$3,024,300.00. Following the completion of the transaction, the insider now directly owns 1,157,853 shares of the company’s stock, valued at C$41,196,409.74. Also, Senior Officer Michel Cusson RĂ©al bought 12,500 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The stock was acquired at an average cost of C$34.96 per share, with a total value of C$437,000.00. Following the completion of the acquisition, the insider now owns 712,923 shares of the company’s stock, valued at approximately C$24,923,788.08.

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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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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