Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$43.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target dropped by investment analysts at National Bank Financial from C$45.00 to C$43.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 23.74% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Raymond James reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Zymeworks in a report on Thursday, May 30th. CIBC cut their target price on shares of WestJet Airlines from C$22.00 to C$21.00 in a report on Tuesday, April 23rd. TD Securities lifted their target price on shares of Lightspeed POS from C$28.00 to C$29.00 and gave the company a “buy” rating in a report on Friday, May 31st. JPMorgan Chase & Co. raised shares of China Life Insurance from a “neutral” rating to an “overweight” rating in a report on Thursday, May 30th. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $5.00 target price on shares of Akorn and gave the company a “hold” rating in a report on Thursday, May 30th. Eleven research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$48.24.

CNQ stock opened at C$34.75 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 69.97. Canadian Natural Resources has a twelve month low of C$30.11 and a twelve month high of C$47.93. The business’s 50 day moving average is C$35.74. The firm has a market capitalization of $42.11 billion and a PE ratio of 14.20.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.65 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.45 by C$0.20. The company had revenue of C$5.25 billion for the quarter, compared to analyst estimates of C$4.99 billion. On average, equities analysts predict that Canadian Natural Resources will post 2.7399999 EPS for the current year.

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 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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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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