Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received a consensus recommendation of “Buy” from the twenty-two brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$36.61.
A number of equities research analysts recently weighed in on CNQ shares. The Goldman Sachs Group reissued a “neutral” rating and set a C$28.00 price target on shares of Canadian Natural Resources in a research note on Monday, January 25th. Scotiabank boosted their price target on shares of Canadian Natural Resources from C$33.00 to C$42.00 in a research note on Thursday, January 14th. ATB Capital reissued an “outperform” rating and set a C$39.50 price target on shares of Canadian Natural Resources in a research note on Monday, January 25th. Raymond James boosted their price target on shares of Canadian Natural Resources from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, January 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Canadian Natural Resources from C$44.00 to C$41.00 in a research note on Thursday, January 14th.
In related news, Senior Officer William Robert Peterson sold 22,500 shares of the firm’s stock in a transaction dated Thursday, January 7th. The shares were sold at an average price of C$34.25, for a total transaction of C$770,557.50. Following the transaction, the insider now directly owns 105,640 shares of the company’s stock, valued at C$3,617,853.08. Also, Senior Officer Corey B. Bieber sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of C$30.83, for a total transaction of C$231,225.00. Following the completion of the transaction, the insider now directly owns 7,500 shares in the company, valued at C$231,225. In the last quarter, insiders acquired 26,350 shares of company stock valued at $764,991 and sold 194,500 shares valued at $6,142,971.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. 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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