Canadian Natural Resources (CNQ) Given “Buy” Rating at Mizuho

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Mizuho reiterated their buy rating on shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) in a research report sent to investors on Tuesday. They currently have a C$45.00 target price on the stock.

Several other analysts have also weighed in on CNQ. Morgan Stanley lowered their target price on shares of Canadian Natural Resources from C$60.00 to C$50.00 in a research note on Tuesday, November 20th. Canaccord Genuity lowered their target price on shares of Canadian Natural Resources from C$55.00 to C$50.00 in a research note on Tuesday, November 20th. CIBC lowered their target price on shares of Canadian Natural Resources from C$55.00 to C$47.00 in a research note on Thursday, November 22nd. BMO Capital Markets lowered their target price on shares of Canadian Natural Resources from C$58.00 to C$55.00 in a research note on Thursday, December 6th. Finally, TD Securities lowered their target price on shares of Canadian Natural Resources from C$56.00 to C$54.00 and set a buy rating for the company in a research note on Friday, December 7th. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of C$47.13.

CNQ stock opened at C$37.00 on Tuesday. The company has a debt-to-equity ratio of 59.09, a current ratio of 0.92 and a quick ratio of 0.61. Canadian Natural Resources has a 1-year low of C$30.11 and a 1-year high of C$49.08. The firm has a market cap of $44.89 billion and a price-to-earnings ratio of 12.05.

In other news, Director Norman Murray Edwards sold 40,000 shares of the company’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of C$35.73, for a total transaction of C$1,429,348.00. Following the completion of the transaction, the director now owns 21,894,013 shares in the company, valued at C$782,354,092.34. Also, Senior Officer Michel Cusson Réal purchased 12,500 shares of the stock in a transaction dated Thursday, January 10th. The shares were purchased at an average price of C$34.96 per share, with a total value of C$437,000.00. Following the transaction, the insider now directly owns 712,923 shares of the company’s stock, valued at approximately C$24,923,788.08.

About Canadian Natural Resources

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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