Canadian Natural Res (TSX: CNQ), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Nick Lupick from AltaCorp Captial reiterated a Buy rating, with a C$52 price target.
Lupick has an average return of 7.4% when recommending Canadian Natural Res.
According to TipRanks.com, Lupick is ranked #1833 out of 4873 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Canadian Natural Res with a C$58.33 average price target, implying a 33.0% upside from current levels. In a report issued on August 31, Canaccord Genuity also maintained a Buy rating on the stock with a C$60 price target.
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The company has a one-year high of C$49.08 and a one-year low of C$36.88. Currently, Canadian Natural Res has an average volume of 2.52M.
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 Wednesday at C$43.85.
