Canadian Natural Resources Limited (CNQ) PT Raised to $52.00

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) had its target price boosted by investment analysts at Morgan Stanley from $46.00 to $52.00 in a research note issued on Friday. The brokerage currently has an “overweight” rating on the oil and gas producer’s stock. Morgan Stanley’s price objective would indicate a potential upside of 59.51% from the company’s previous close.

Several other equities research analysts have also issued reports on CNQ. Zacks Investment Research raised shares of Canadian Natural Resources Limited from a “strong sell” rating to a “hold” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $36.00 price target on shares of Canadian Natural Resources Limited in a report on Thursday, June 22nd. National Bank Financial assumed coverage on shares of Canadian Natural Resources Limited in a report on Tuesday, June 27th. They set an “outperform” rating on the stock. ValuEngine raised shares of Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub raised shares of Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $47.00.

Shares of Canadian Natural Resources Limited (NYSE CNQ) traded up 0.83% during mid-day trading on Friday, reaching $32.87. 416,361 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $32.74 and a 200-day moving average price of $31.19. The stock has a market cap of $39.94 billion, a PE ratio of 28.71 and a beta of 1.47. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $35.28.

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Several hedge funds and other institutional investors have recently modified their holdings of CNQ. Janus Henderson Group PLC acquired a new position in shares of Canadian Natural Resources Limited in the 2nd quarter worth approximately $71,910,000. Capital World Investors lifted its position in shares of Canadian Natural Resources Limited by 6.0% in the 2nd quarter. Capital World Investors now owns 36,065,983 shares of the oil and gas producer’s stock worth $1,040,707,000 after purchasing an additional 2,042,846 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Canadian Natural Resources Limited by 26.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,762,039 shares of the oil and gas producer’s stock worth $281,539,000 after purchasing an additional 2,025,045 shares during the period. CIBC Asset Management Inc lifted its position in shares of Canadian Natural Resources Limited by 11.9% in the 2nd quarter. CIBC Asset Management Inc now owns 16,749,799 shares of the oil and gas producer’s stock w

Several other equities research analysts have also issued reports on CNQ. Zacks Investment Research raised shares of Canadian Natural Resources Limited from a “strong sell” rating to a “hold” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $36.00 price target on shares of Canadian Natural Resources Limited in a report on Thursday, June 22nd. National Bank Financial assumed coverage on shares of Canadian Natural Resources Limited in a report on Tuesday, June 27th. They set an “outperform” rating on the stock. ValuEngine raised shares of Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub raised shares of Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $47.00.

Shares of Canadian Natural Resources Limited (NYSE CNQ) traded up 0.83% during mid-day trading on Friday, reaching $32.87. 416,361 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $32.74 and a 200-day moving average price of $31.19. The stock has a market cap of $39.94 billion, a PE ratio of 28.71 and a beta of 1.47. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $35.28.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/13/canadian-natural-resources-limited-cnq-pt-raised-to-52-00.html.

Several hedge funds and other institutional investors have recently modified their holdings of CNQ. Janus Henderson Group PLC acquired a new position in shares of Canadian Natural Resources Limited in the 2nd quarter worth approximately $71,910,000. Capital World Investors lifted its position in shares of Canadian Natural Resources Limited by 6.0% in the 2nd quarter. Capital World Investors now owns 36,065,983 shares of the oil and gas producer’s stock worth $1,040,707,000 after purchasing an additional 2,042,846 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Canadian Natural Resources Limited by 26.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,762,039 shares of the oil and gas producer’s stock worth $281,539,000 after purchasing an additional 2,025,045 shares during the period. CIBC Asset Management Inc lifted its position in shares of Canadian Natural Resources Limited by 11.9% in the 2nd quarter. CIBC Asset Management Inc now owns 16,749,799 shares of the oil and gas producer’s stock worth $482,767,000 after purchasing an additional 1,780,934 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Canadian Natural Resources Limited by 67.1% in the 1st quarter. Bank of America Corp DE now owns 4,185,146 shares of the oil and gas producer’s stock worth $137,231,000 after purchasing an additional 1,681,125 shares during the period. Hedge funds and other institutional investors own 58.56% of the company’s stock.

Canadian Natural Resources Limited Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Analyst Recommendations for Canadian Natural Resources Limited (NYSE:CNQ)

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