Wells Fargo Keeps Their Hold Rating on Canadian Natural (CNQ)

In a report released today, Sam Margolin from Wells Fargo maintained a Hold rating on Canadian Natural, with a price target of C$47.00.

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Margolin covers the Energy sector, focusing on stocks such as Conocophillips, Delek US Holdings, and Valero Energy. According to TipRanks, Margolin has an average return of 11.4% and a 66.94% success rate on recommended stocks.

In addition to Wells Fargo, Canadian Natural also received a Hold from Morgan Stanley’s Devin McDermott in a report issued on January 23. However, on January 13, RBC Capital maintained a Buy rating on Canadian Natural (NYSE: CNQ).

Based on Canadian Natural’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$9.52 billion and a net profit of C$600 million. In comparison, last year the company earned a revenue of C$10.4 billion and had a net profit of C$2.27 billion

Based on the recent corporate insider activity of 138 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.