Canadian Natural Resources Limited (TSE:CNQ) Receives C$54.25 Consensus Price Target from Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ have received an average rating of "Moderate Buy" from the fourteen ratings firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$54.25.

CNQ has been the subject of a number of research analyst reports. National Bankshares decreased their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating and decreased their target price for the company from C$52.00 to C$49.00 in a research report on Wednesday, April 9th. Evercore ISI raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Royal Bank of Canada increased their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Desjardins lowered their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

Insider Activity

In related news, Director Stephen W. Laut sold 2,500 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of C$42.02, for a total transaction of C$105,050.00. Also, Senior Officer Calvin John Bast sold 7,500 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$41.80, for a total value of C$313,500.00. Insiders have sold a total of 34,500 shares of company stock valued at $1,505,755 over the last quarter. Company insiders own 4.26% of the company's stock.

Canadian Natural Resources Stock Up 1.7%

Shares of CNQ stock traded up C$0.75 on Tuesday, hitting C$44.03. The stock had a trading volume of 27,431,048 shares, compared to its average volume of 13,274,166. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. The business has a 50 day moving average of C$40.90 and a 200 day moving average of C$42.97. Canadian Natural Resources has a 12-month low of C$34.92 and a 12-month high of C$52.15. The stock has a market cap of C$92.40 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

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.