New Buy Rating for Canadian Natural Res (CNQ), the Energy Giant


Shares of Canadian Natural Res (CNQ) were revisited by a Wall Street analyst today. Analyst Menno Hulshof from TD Securities remains bullish on the stock and has a C$54 price target.

According to TipRanks.com, Hulshof has 0 stars on 0-5 star ranking scale with an average return of -15.6% and a 22.3% success rate. Hulshof covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Athabasca Oil Corporation, and Continental Resources.

Canadian Natural Res has an analyst consensus of Strong Buy, with a price target consensus of C$56.17, representing a 55.5% upside. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a C$55 price target.

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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 Friday at C$36.13.

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