Canadian Natural Resources Ltd (CNQ) Receives C$48.19 Consensus Target Price from Analysts

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.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Thursday, March 7th. The company reported C($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.09). The company had revenue of C$3.70 billion for the quarter, compared to the consensus estimate of C$5.27 billion. Equities analysts predict that Canadian Natural Resources will post 2.97074781715836 EPS for the current fiscal year.

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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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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