GMP FirstEnergy Reaffirms Their Buy Rating on Canadian Natural (CNQ)


According to The Fly, gMP FirstEnergy analyst Michael Dunn reiterated a Buy rating on Canadian Natural (CNQ) on December 6. The company’s shares closed yesterday at $26.84.

According to TipRanks.com, Dunn is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -16.0% and a 23.7% success rate. Dunn covers the Basic Materials sector, focusing on stocks such as BlackPearl Resources Inc, PrairieSky Royalty Ltd, and Birchcliff Energy Ltd.

The the analyst consensus on Canadian Natural is currently a Strong Buy rating.

See today’s analyst top recommended stocks >>

Based on Canadian Natural’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.38 billion. In comparison, last year the company had a net profit of $546 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts