Analysts Set Canadian Natural Resources Limited (TSE:CNQ) PT at C$59.62

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently 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 issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$54.08.

Several research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on 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. Evercore ISI upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” 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 for the company in a research report on Wednesday, March 19th. Wells Fargo & Company dropped their target price on shares of Canadian Natural Resources from C$44.00 to C$40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Finally, 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.

Insider Transactions at Canadian Natural Resources

In other news, Senior Officer Dwayne Frederick Giggs bought 1,400 shares of the stock in a transaction on Thursday, April 10th. The shares were acquired at an average cost of C$36.88 per share, for a total transaction of C$51,631.02. Also, Director Stephen W. Laut purchased 980 shares of Canadian Natural Resources stock in a transaction dated 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. Insiders sold 47,184 shares of company stock valued at $2,047,408 over the last three months. Company insiders own 4.26% of the company’s stock.

Canadian Natural Resources Trading Down 0.0 %

CNQ opened at C$40.68 on Monday. 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 has a market capitalization of C$85.37 billion, a PE ratio of 11.29, a P/E/G ratio of 0.53 and a beta of 1.89. 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 company’s 50-day moving average is C$41.08 and its 200 day moving average is C$44.40.

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.