Shares of Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ) have received an average recommendation of “Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is C$48.19.
A number of analysts recently issued reports on the company. CSFB boosted their price objective on Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Thursday, March 14th. Canaccord Genuity boosted their price objective on Canadian Natural Resources from C$45.00 to C$50.00 in a research note on Tuesday, April 9th. TD Securities boosted their price objective on Canadian Natural Resources from C$42.00 to C$43.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Barclays decreased their price objective on Canadian Natural Resources from C$49.00 to C$46.00 in a research note on Thursday, January 10th. Finally, Raymond James reiterated an “outperform” rating and set a C$45.00 price objective on shares of Canadian Natural Resources in a research note on Friday, February 8th.
Shares of TSE:CNQ traded up C$0.14 during midday trading on Friday, reaching C$41.94. 3,439,500 shares of the company traded hands, compared to its average volume of 3,850,202. The company has a debt-to-equity ratio of 64.50, a quick ratio of 0.37 and a current ratio of 0.63. Canadian Natural Resources has a 12 month low of C$30.11 and a 12 month high of C$49.08. The firm has a market cap of $50.30 billion and a price-to-earnings ratio of 19.78.
In other Canadian Natural Resources news, Senior Officer Kendall W. Stagg sold 20,000 shares of the company’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of C$36.71, for a total value of C$734,200.00. Following the transaction, the insider now directly owns 48,607 shares in the company, valued at approximately C$1,784,362.97.
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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