Canadian Natural Resources Limited (TSE:CNQ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$65.65.

Several analysts have weighed in on CNQ shares. Desjardins set a C$70.00 target price on Canadian Natural Resources and gave the company a “hold” rating in a report on Friday, July 17th. JPMorgan Chase & Co. increased their price target on Canadian Natural Resources from C$67.00 to C$75.00 in a research note on Wednesday. Raymond James Financial raised their target price on shares of Canadian Natural Resources from C$65.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. TD increased their target price on Canadian Natural Resources from C$72.00 to C$73.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Scotiabank raised Canadian Natural Resources to a “hold” rating in a research report on Friday, June 26th.

Canadian Natural Resources Stock Down 0.0%

CNQ opened at C$66.35 on Friday. Canadian Natural Resources has a 12 month low of C$40.62 and a 12 month high of C$70.99. The company has a debt-to-equity ratio of 36.64, a current ratio of 1.00 and a quick ratio of 0.54. The business has a 50 day simple moving average of C$61.47 and a 200-day simple moving average of C$61.66. The stock has a market capitalization of C$136.78 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.53 and a beta of 0.27.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, August 6th. The company reported C$2.19 EPS for the quarter. Canadian Natural Resources had a net margin of 24.93% and a return on equity of 26.67%. The company had revenue of C$14.74 billion for the quarter. On average, equities analysts anticipate that Canadian Natural Resources will post 3.833989 earnings per share for the current fiscal year.

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.