Blurbs

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 TipRanks.com, 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.

See the top stocks recommended by analysts >>

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.

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.

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).

Read More on CNQ:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos