Canadian Natural Resources Limited (TSE:CNQ) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus: Seven of 13 analysts rate Canadian Natural Resources a buy, while six recommend holding the stock. The average 12-month price target is C$65.35.
• Recent target increases and dividend growth support investor sentiment: TD, Scotia and Raymond James raised their price targets, while CNQ extended its dividend-growth streak to 26 years with a new quarterly payout.
• Quarterly results remained strong: CNQ reported C$2.19 in EPS, C$14.74 billion in revenue, a 24.51% net margin and a 22.74% return on equity. Shares opened at C$63.45, down 0.6%.

Shares of Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ have earned an average rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$65.35.

A number of research firms recently commented on CNQ. Scotia raised their price objective on shares of Canadian Natural Resources from C$71.00 to C$73.00 and gave the stock a "sector perform" rating in a research note on Friday. TD boosted their target price on shares of Canadian Natural Resources from C$72.00 to C$73.00 and gave the company a "buy" rating in a research note on Friday. Royal Bank Of Canada reduced their target price on Canadian Natural Resources from C$80.00 to C$79.00 in a report on Wednesday, July 15th. Scotiabank raised Canadian Natural Resources to a "hold" rating in a research report on Friday, June 26th. Finally, Raymond James Financial lifted their price target on Canadian Natural Resources from C$65.00 to C$66.00 and gave the company an "outperform" rating in a report on Friday.

Canadian Natural Resources News Roundup

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Analysts raised their targets: TD increased its price target from C$72 to C$73 and assigned a “buy” rating. Raymond James lifted its target from C$65 to C$66 and maintained an “outperform” rating, while Scotia raised its target from C$71 to C$73 with a “sector perform” rating. The revisions imply potential upside from recent trading levels. BayStreet analyst ratings
• Positive Sentiment: Dividend growth continued: Canadian Natural Resources announced a new quarterly payout, extending its dividend-growth streak to 26 years. The announcement reinforces the company’s appeal to income-focused investors and signals confidence in ongoing cash generation. Dividend announcement
• Positive Sentiment: Quarterly profitability remained strong: CNQ reported C$2.19 in EPS and C$14.74 billion in revenue, with a 24.51% net margin and 22.74% return on equity. A separate earnings update described higher second-quarter adjusted earnings, providing a favorable fundamental backdrop. Second-quarter earnings update
• Neutral Sentiment: The stock’s decline suggests investors may be taking profits or looking for additional detail on the earnings outlook, despite the positive analyst revisions, dividend increase and solid reported results. CNQ remains sensitive to crude oil prices and broader energy-sector sentiment.

Canadian Natural Resources Trading Down 0.6%

TSE:CNQ opened at C$63.45 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.98 and a debt-to-equity ratio of 44.85. Canadian Natural Resources has a 1-year low of C$40.62 and a 1-year high of C$70.99. The firm has a market capitalization of C$132.34 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.53 and a beta of 0.27. The stock has a fifty day simple moving average of C$61.41 and a 200 day simple moving average of C$61.08.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last issued its quarterly earnings results on Thursday, August 6th. The company reported C$2.19 earnings per share for the quarter. Canadian Natural Resources had a return on equity of 22.74% and a net margin of 24.51%.The firm had revenue of C$14.74 billion for the quarter. Sell-side analysts forecast that Canadian Natural Resources will post 3.833989 earnings per share for the current year.

Canadian Natural Resources Company Profile

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.

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