Canadian Natural Resources Limited (TSE:CNQ – Get Free Report) (NYSE:CNQ)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$55.23 and traded as high as C$66.20. Canadian Natural Resources shares last traded at C$64.80, with a volume of 3,323,914 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Canadian Imperial Bank of Commerce lifted their price target on Canadian Natural Resources from C$52.00 to C$54.00 in a report on Tuesday, March 31st. Jefferies Financial Group lifted their price target on Canadian Natural Resources from C$48.00 to C$59.00 in a report on Monday, March 16th. Raymond James Financial upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$65.00 to C$67.00 in a report on Thursday, May 7th. TD Securities lifted their price target on Canadian Natural Resources from C$51.00 to C$64.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, BMO Capital Markets lifted their price target on Canadian Natural Resources from C$50.00 to C$70.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$63.73.
View Our Latest Stock Report on CNQ
Canadian Natural Resources Trading Down 3.6%
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$1.17 earnings per share (EPS) for the quarter. The business had revenue of C$10.81 billion during the quarter. Canadian Natural Resources had a return on equity of 22.74% and a net margin of 24.51%. On average, analysts forecast that Canadian Natural Resources Limited will post 3.833989 earnings per share for the current year.
Insider Buying and Selling at Canadian Natural Resources
In related news, Director Gordon D. Giffin sold 25,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of C$68.01, for a total value of C$1,700,250.00. Following the sale, the director owned 171,210 shares of the company’s stock, valued at C$11,643,992.10. The trade was a 12.74% decrease in their ownership of the stock. 4.26% of the stock is currently owned by corporate insiders.
Canadian Natural Resources Company Profile
Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.
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