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

Shares of Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ have earned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$54.08.

Several brokerages recently commented on CNQ. National Bankshares decreased their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. CIBC lifted their target price on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Jefferies Financial Group decreased their target price on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. Evercore ISI raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Finally, Desjardins reduced 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.

Canadian Natural Resources Stock Down 1.7%

Shares of TSE CNQ opened at C$43.15 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$53.03. The firm's fifty day moving average is C$41.18 and its 200 day moving average is C$43.60. The company has a market cap of C$90.56 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.53 and a beta of 1.89.

Insider Activity

In related news, Senior Officer Trevor Wagil sold 4,504 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$40.86, for a total transaction of C$184,046.95. Also, Senior Officer Calvin John Bast sold 10,000 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of C$44.75, for a total transaction of C$447,500.00. In the last 90 days, insiders have sold 39,004 shares of company stock valued at $1,689,802. Corporate insiders own 4.26% of the company's stock.

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.

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