Canadian Natural Resources Limited (TSE:CNQ) Price Target Raised to C$50.00

Marco Green
November 19, 2017

Waratah Capital Advisors Ltd. now owns 420,600 shares with a value of $14,084,000. Insiders sold 7,200 shares of company stock valued at $1,379,082 over the last 90 days. The company has market cap of $11.95 billion. The stock rose 0.62% or $0.93 reaching $152.01 per share. About 952,638 shares traded. Therefore, ROE for Canadian Natural Resources Limited, CNQ is 8.90%. It has underperformed by 6.38% the S&P500.

Deroy & Devereaux Private Investment Counsel Inc increased its stake in Glatfelter (GLT) by 68.69% based on its latest 2017Q2 regulatory filing with the SEC. Martin Currie Ltd sold 3,003 shares as the company's stock declined 8.01% while stock markets rallied. The hedge fund held 48,372 shares of the company at the end of 2017Q2, valued at $4.84 million, down from 73,712 at the end of the previous reported quarter. Commonwealth Of Pennsylvania Pub School Empls Retrmt System owns 13,334 shares for 0.01% of their portfolio. About 56,308 shares traded. Arthur J Gallagher & Co (NYSE:AJG) has risen 17.09% since November 18, 2016 and is uptrending. It has outperformed by 24.10% the S&P500.

Investors sentiment decreased to 1.1 in 2017 Q2. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. It worsened, as 75 investors sold PXD shares while 204 reduced holdings. 13 funds opened positions while 58 raised stakes. Renaissance Technology Ltd Limited Liability Company stated it has 0% in Pioneer Natural Resources (NYSE:PXD). Citigroup holds 0.01% in Pioneer Natural Resources (NYSE:PXD) or 74,392 shares. Teza Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources during the fourth quarter worth $203,000. Brown Brothers Harriman & Co holds 0% in Pioneer Natural Resources (NYSE:PXD) or 35 shares. Invesco holds 670,613 shares or 0.03% of its portfolio. Sigma Counselors Inc holds 33,846 shares or 0.45% of its portfolio. Eaton Vance Mngmt reported 646,449 shares.

Analysts await Pioneer Natural Resources (NYSE:PXD) to report earnings on February, 6. The stock of Pioneer Natural Resources (NYSE:PXD) earned "Hold" rating by Williams Capital Group on Friday, May 5. 15,322 were accumulated by Cleararc Capital.

WARNING: "Canadian Natural Resources Limited (CNQ) Insider Réal Michel Cusson Buys 12,500 Shares" was first reported by Week Herald and is the sole property of of Week Herald. Old Second State Bank Of Aurora reported 200 shares. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/11/18/pioneer-natural-resources-company-pxd-shares-sold-by-candriam-luxembourg-s-c-a.html.

Daiwa Securities Group Inc decreased Public (NYSE:PSA) stake by 1.24 million shares to 795,219 valued at $165.83M in 2017Q2.

November 8 investment analysts at Canaccord Genuity made no change to the stock rating of "Buy" projecting a price of $53.00. Therefore 79% are positive. Priceline.com had 93 analyst reports since July 21, 2015 according to SRatingsIntel. Zacks Investment Research downgraded Pioneer Natural Resources from a "buy" rating to a "hold" rating in a research note on Thursday, October 12th. UBS maintained the shares of PXD in report on Wednesday, August 5 with "Buy" rating. The stock now has a consensus rating of "Buy" and an average price target of C$49.64. The firm has "Hold" rating by Sandler O'Neill given on Monday, November 14. The stock of Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has "Hold" rating given on Friday, April 1 by TD Securities. The rating was downgraded by Seaport Global to "Neutral" on Friday, March 31. BMO Capital Markets set a $214.00 price target on shares of Pioneer Natural Resources and gave the company a "buy" rating in a report on Tuesday, August 8th. BMO Capital Markets maintained the shares of PXD in report on Tuesday, August 8 with "Buy" rating. The rating was upgraded by Raymond James on Wednesday, September 9 to "Outperform". They expect $0.58 earnings per share, up 18.37% or $0.09 from last year's $0.49 per share. PXD's profit will be $99.41 million for 65.61 P/E if the $0.58 EPS becomes a reality. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.18. Pioneer Nat Res Co Com now has $25.94B valuation. Shares for $223,610 were sold by Tans Gillian. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The rating was maintained by Maxim Group on Friday, July 14 with "Buy". During the same period in the prior year, the business earned $0.13 EPS. The stock of P H Glatfelter Co (NYSE:GLT) earned "Buy" rating by Sidoti on Wednesday, December 16. The stock now has a consensus rating of "Buy" and a consensus target price of $194.07.

Equity analyst Morgan Stanley raised the price target on October 13 changing the forecast from $46.00 to $52.00 with a "Overweight" recommendation. The stock has "Buy" rating by KeyBanc Capital Markets on Friday, October 20. The firm has "Outperform" rating by Macquarie Research given on Friday, August 5.

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