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Brokerages Set Canadian Natural Resources Limited (TSE:CNQ) Target Price at C$54.58

Canadian Natural Resources logo with Energy background

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ has been given an average rating of "Moderate Buy" by the fourteen analysts that are presently covering the stock, MarketBeat.com 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 analysts that have covered the stock in the last year is C$54.58.

CNQ has been the topic of a number of research analyst reports. Royal Bank Of Canada raised 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. Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 price objective on the stock in a report on Wednesday, March 19th. Evercore ISI raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. National Bankshares cut 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 report on Friday, March 7th. Finally, Wells Fargo & Company lifted their target price on shares of Canadian Natural Resources from C$42.00 to C$46.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th.

Check Out Our Latest Analysis on Canadian Natural Resources

Canadian Natural Resources Stock Down 0.0%

TSE:CNQ traded down C$0.02 during mid-day trading on Friday, hitting C$43.77. The stock had a trading volume of 10,910,679 shares, compared to its average volume of 14,355,910. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. Canadian Natural Resources has a twelve month low of C$34.92 and a twelve month high of C$52.15. The stock has a 50-day simple moving average of C$42.97 and a two-hundred day simple moving average of C$42.78. The company has a market capitalization of C$91.86 billion, a PE ratio of 12.15, a PEG ratio of 0.53 and a beta of 1.89.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Scott Gerald Stauth sold 55,000 shares of the company's stock in a transaction on Thursday, June 19th. The shares were sold at an average price of C$46.22, for a total transaction of C$2,542,100.00. Also, Senior Officer Mark Allen Stainthorpe sold 45,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of C$45.66, for a total transaction of C$2,054,700.00. Insiders have sold 249,676 shares of company stock worth $11,265,119 in the last 90 days. Corporate insiders own 4.26% of the company's stock.

Canadian Natural Resources Company Profile

(Get Free Report

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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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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