Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target increased by TD Securities from C$51.00 to C$52.00 in a report issued on Thursday, November 9th. The brokerage currently has a buy rating on the stock.
A number of other research analysts also recently weighed in on the company. Scotiabank increased their target price on Canadian Natural Resources from C$45.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. Raymond James Financial increased their target price on Canadian Natural Resources from C$49.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. BMO Capital Markets reissued an outperform rating and set a C$54.00 price target on shares of Canadian Natural Resources in a research note on Wednesday, November 8th. GMP Securities increased their price target on Canadian Natural Resources from C$52.00 to C$56.00 in a research note on Friday, November 3rd. Finally, J P Morgan Chase & Co increased their price target on Canadian Natural Resources from C$47.00 to C$48.00 in a research note on Friday, November 3rd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$50.14.
Shares of Canadian Natural Resources (CNQ) traded down C$0.06 during trading hours on Thursday, hitting C$42.75. The stock had a trading volume of 1,632,070 shares, compared to its average volume of 2,381,104. Canadian Natural Resources has a 1 year low of C$35.90 and a 1 year high of C$47.00.
In other news, insider Réal Michel Cusson purchased 22,500 shares of the stock in a transaction on Monday, September 25th. The stock was bought at an average price of C$28.74 per share, with a total value of C$646,650.00. Also, Director Norman Murray Edwards sold 99,714 shares of Canadian Natural Resources stock in a transaction dated Friday, September 15th. The stock was sold at an average price of C$40.37, for a total value of C$4,025,454.18. Over the last 90 days, insiders have purchased 50,000 shares of company stock worth $1,437,000 and have sold 277,345 shares worth $11,915,700.
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Canadian Natural Resources Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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