Canadian Natural Resources (TSE:CNQ) Given New C$20.00 Price Target at Wells Fargo & Company

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective raised by Wells Fargo & Company from C$17.00 to C$20.00 in a research report released on Monday morning, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on CNQ. Raymond James boosted their price objective on Canadian Natural Resources from C$32.00 to C$33.00 and gave the stock an outperform rating in a research note on Friday, August 7th. Royal Bank of Canada restated an outperform rating and issued a C$31.00 price target on shares of Canadian Natural Resources in a research report on Thursday, September 3rd. Goldman Sachs Group set a C$25.00 price objective on shares of Canadian Natural Resources and gave the company a buy rating in a research report on Friday, August 7th. Credit Suisse Group restated an outperform rating and issued a C$32.00 target price on shares of Canadian Natural Resources in a report on Wednesday, July 8th. Finally, CSFB set a C$32.00 price target on shares of Canadian Natural Resources and gave the stock an outperform rating in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of Buy and an average price target of C$32.11.

Shares of CNQ opened at C$24.38 on Monday. The stock has a market capitalization of $28.79 billion and a PE ratio of 937.69. The company’s fifty day moving average is C$25.52 and its 200 day moving average is C$23.88. The company has a debt-to-equity ratio of 76.41, a quick ratio of 0.54 and a current ratio of 0.83. Canadian Natural Resources has a fifty-two week low of C$9.80 and a fifty-two week high of C$42.57.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Thursday, August 6th. The company reported C($0.65) EPS for the quarter, topping analysts’ consensus estimates of C($0.76) by C$0.11. The business had revenue of C$2.87 billion during the quarter, compared to analysts’ expectations of C$2.72 billion. As a group, research analysts forecast that Canadian Natural Resources will post 0.7372064 earnings per share for the current year.

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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