RBC Capital Sticks to Their Buy Rating for Canadian Natural (CNQ)
RBC Capital analyst Gregory Pardy maintained a Buy rating on Canadian Natural yesterday and set a price target of C$61.00.
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According to TipRanks, Pardy is a 5-star analyst with an average return of 20.8% and a 63.70% success rate. Pardy covers the Energy sector, focusing on stocks such as Cenovus Energy, Athabasca Oil, and Baytex Energy.
In addition to RBC Capital, Canadian Natural also received a Buy from Goldman Sachs’s Neil Mehta in a report issued on January 2. However, on January 9, National Bank maintained a Hold rating on Canadian Natural (NYSE: CNQ).
The company has a one-year high of C$49.20 and a one-year low of C$34.92. Currently, Canadian Natural has an average volume of 17.25M.
Based on the recent corporate insider activity of 123 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.
Read More on CNQ:
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