Scotiabank Sticks to Their Hold Rating for Canadian Natural (CNQ)
In a report released today, Kevin Fisk from Scotiabank maintained a Hold rating on Canadian Natural, with a price target of C$73.00.
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Fisk covers the Energy sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Ovintiv. According to TipRanks, Fisk has an average return of 10.9% and a 52.46% success rate on recommended stocks.
In addition to Scotiabank, Canadian Natural also received a Hold from Wells Fargo’s Sam Margolin in a report issued today. However, yesterday, TD Cowen maintained a Buy rating on Canadian Natural (NYSE: CNQ).
Based on Canadian Natural’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$10.81 billion and a net profit of C$1.35 billion. In comparison, last year the company earned a revenue of C$12.71 billion and had a net profit of C$2.46 billion
Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNQ in relation to earlier this year.
Read More on CNQ:
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- Canadian Natural Resources Extends 26-Year Dividend Growth Streak With New Quarterly Payout
- Canadian Natural Posts Record Q2 Results and Lifts 2026 Production Guidance
- Analyst Maintains Hold on Canadian Natural as Strong Execution Balanced by Valuation; C$64 Price Target Unchanged
- Is CNQ a Buy, Before Earnings?
- Canadian Natural price target lowered to C$71 from C$72 at Scotiabank
