CSFB Boosts Canadian Natural Resources (CNQ) Price Target to C$50.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price raised by CSFB from C$48.00 to C$50.00 in a research report released on Thursday.

Other equities research analysts have also recently issued reports about the stock. CIBC decreased their price objective on shares of Canadian Natural Resources from C$47.00 to C$45.00 in a report on Friday, February 1st. Morgan Stanley decreased their price objective on shares of Canadian Natural Resources from C$50.00 to C$43.00 in a report on Wednesday, January 30th. Barclays decreased their price target on shares of Canadian Natural Resources from C$49.00 to C$46.00 in a report on Thursday, January 10th. Canaccord Genuity decreased their price target on shares of Canadian Natural Resources from C$50.00 to C$45.00 in a report on Thursday, January 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Canadian Natural Resources from C$48.00 to C$46.00 in a report on Wednesday, January 9th. Seven research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus target price of C$47.13.

Shares of TSE:CNQ opened at C$37.41 on Thursday. The firm has a market capitalization of $44.89 billion and a P/E ratio of 12.19. Canadian Natural Resources has a 1 year low of C$30.11 and a 1 year high of C$49.08. The company has a debt-to-equity ratio of 59.09, a current ratio of 0.92 and a quick ratio of 0.61.



In related news, insider Timothy Shawn Mckay sold 85,000 shares of the stock in a transaction dated 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 sale, the insider now owns 1,157,853 shares in the company, valued at C$41,196,409.74. Also, Senior Officer Michel Cusson Réal bought 12,500 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, January 10th. The stock was bought at an average price of C$34.96 per share, with a total value of C$437,000.00. Following the purchase, the insider now owns 712,923 shares of the company’s stock, valued at approximately C$24,923,788.08.

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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