On Oct 08, major Wall Street analysts update their ratings for $Canadian Natural Resources (CNQ.US)$, with price targets ranging from $36.16 to $58.
Jefferies analyst Lloyd Byrne maintains with a hold rating, and adjusts the target price from $35.99 to $36.16.
TD Cowen analyst Menno Hulshof maintains with a buy rating, and adjusts the target price from $35.66 to $58.
BMO Capital analyst Randy Ollenberger maintains with a buy rating, and adjusts the target price from $41.81 to $44.27.
RBC Capital analyst Gregory Pardy maintains with a buy rating, and adjusts the target price from $43.54 to $45.75.
Desjardins analyst Chris MacCulloch upgrades to a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Canadian Natural Resources (CNQ.US)$'s main analysts recently are as follows:
The optimistic stance towards Canadian Natural is reinforced by the company's strong leadership, aligned interests with shareholders, robust generation of free cash flow, top-tier operational performance, and considerable returns to shareholders. Additionally, the company is highly regarded as a leading senior producer.
The firm has recognized Canadian Natural's recent acquisition of remaining interests in the Western Canadian Sedimentary Basin, highlighting the company's strategic position as a 'natural buyer' and its ability to secure the interests at a favorable price. Additionally, the Duvernay asset is considered a valuable extra due to its recent uptick in well productivity and its advantageous location near the company's Montney assets.
Here are the latest investment ratings and price targets for $Canadian Natural Resources (CNQ.US)$ from 5 analysts:
Note:
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