RBC Capital Remains a Buy on Canadian Natural (CNQ)

In a report issued on July 11, Gregory Pardy from RBC Capital maintained a Buy rating on Canadian Natural (CNQResearch Report), with a price target of C$90.00. The company’s shares closed last Tuesday at $47.92.

According to, Pardy is a 5-star analyst with an average return of 24.1% and a 55.9% success rate. Pardy covers the Utilities sector, focusing on stocks such as Vermilion Energy, Cenovus Energy, and Baytex Energy.

Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of $73.15, implying a 53.0% upside from current levels. In a report issued on June 30, Stifel Nicolaus also maintained a Buy rating on the stock with a C$115.00 price target.

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Canadian Natural’s market cap is currently $56.71B and has a P/E ratio of 7.70.

Based on the recent corporate insider activity of 245 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNQ in relation to earlier this year.

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Founded in 1973, Canadian Natural Resources Ltd. is an oil and natural gas production company. It is engaged in the exploration, development, marketing, and production of crude oil, natural gas, and natural gas liquids (NGLs).

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