In a latest note to investors, a research analyst has provided a rating update for the Canadian Natural Res (CNQ). Today, analyst Randy Ollenberger gave a Buy rating to CNQ and set a C$55 price target.
According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -1.9% and a 43.6% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Baytex Energy Corp, and Canadian Natural.
Canadian Natural Res has an analyst consensus of Strong Buy, with a price target consensus of C$56.50.
The company has a one-year high of C$49.08 and a one-year low of C$32.08. Currently, Canadian Natural Res has an average volume of 3.94M.
Canadian Natural Resources Ltd. is a senior oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: North America; North Sea; Offshore Africa; Oil Sands Mining and Upgrading; Midstream; Abandonments; and Head Office.
The company’s shares closed on Thursday at C$35.41.