Canadian Natural Resources Limited (TSE:CNQ) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ have received a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$54.08.

CNQ has been the subject of a number of analyst reports. CIBC boosted their price target on Canadian Natural Resources from C$59.00 to C$62.00 in a research report on Thursday, April 10th. Evercore ISI upgraded Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Jefferies Financial Group dropped their price target on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upped their price objective on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a report on Friday, March 7th.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Director Stephen W. Laut purchased 980 shares of the stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of C$44.65 per share, with a total value of C$43,757.00. Also, Senior Officer Dwayne Frederick Giggs acquired 1,400 shares of Canadian Natural Resources stock in a transaction dated Thursday, April 10th. The shares were acquired at an average cost of C$36.88 per share, with a total value of C$51,631.02. Over the last 90 days, insiders sold 47,184 shares of company stock worth $2,047,408. Company insiders own 4.26% of the company's stock.

Canadian Natural Resources Stock Down 0.1 %

Shares of CNQ stock traded down C$0.04 on Monday, hitting C$40.65. The company's stock had a trading volume of 780,390 shares, compared to its average volume of 13,049,583. The stock has a market capitalization of C$85.31 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a fifty-two week low of C$34.92 and a fifty-two week high of C$53.46. The firm's fifty day moving average price is C$41.13 and its 200-day moving average price is C$44.46. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54.

About Canadian Natural Resources

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company's portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.