Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) had its price objective reduced by research analysts at National Bankshares from C$58.00 to C$52.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 15.84% from the stock’s previous close.
Several other research analysts have also recently issued reports on CNQ. Scotiabank cut their price objective on Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 11th. Wolfe Research upgraded shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, July 18th. TD Securities raised their price objective on shares of Canadian Natural Resources from C$49.00 to C$60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Raymond James lowered their target price on shares of Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 12th. Finally, Royal Bank of Canada reduced their price target on shares of Canadian Natural Resources from C$62.00 to C$59.00 in a research report on Tuesday, September 17th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$86.06.
View Our Latest Stock Analysis on CNQ
Canadian Natural Resources Trading Up 2.1 %
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. The company had revenue of C$9.05 billion for the quarter, compared to analyst estimates of C$8.41 billion. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. As a group, equities research analysts anticipate that Canadian Natural Resources will post 3.5601888 earnings per share for the current year.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 (thermal oil), and synthetic crude oil (SCO).
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