Canadian Natural (CNQ): New Buy Recommendation for This Energy Giant

Credit Suisse analyst Manav Gupta reiterated a Buy rating on Canadian Natural (CNQResearch Report) yesterday and set a price target of $48. The company’s shares closed last Monday at $25.68.

According to TipRanks.com, Gupta is a 2-star analyst with an average return of -0.3% and a 33.3% success rate. Gupta covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Baytex Energy Corp, and NuVista Energy Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Natural with a $34.55 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $33.86 and a one-year low of $21.85. Currently, Canadian Natural has an average volume of 2.49M.

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. It engages in the exploration, development, marketing, and production of crude oil and natural gas. The company was founded on November 7, 1973 and is headquartered in Calgary, Canada.