Canadian Natural Resources Limited (TSE:CNQ) Receives C$63.73 Consensus Target Price from Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$63.73.

CNQ has been the topic of a number of research reports. TD boosted their target price on shares of Canadian Natural Resources from C$64.00 to C$72.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Raymond James Financial upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from C$65.00 to C$67.00 in a report on Thursday, May 7th. Jefferies Financial Group boosted their target price on shares of Canadian Natural Resources from C$48.00 to C$59.00 in a report on Monday, March 16th. National Bank Financial boosted their target price on shares of Canadian Natural Resources from C$59.00 to C$90.00 and gave the company a “sector perform” rating in a report on Tuesday, March 31st. Finally, Scotiabank boosted their target price on shares of Canadian Natural Resources from C$58.00 to C$62.00 and gave the company an “outperform” rating in a report on Friday, March 6th.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at C$56.02 on Friday. Canadian Natural Resources has a 12 month low of C$40.62 and a 12 month high of C$70.99. The stock has a market cap of C$116.84 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.53 and a beta of 0.24. The company has a current ratio of 0.98, a quick ratio of 0.54 and a debt-to-equity ratio of 44.85. The company’s fifty day moving average price is C$62.66 and its 200-day moving average price is C$57.70.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, May 7th. The company reported C$1.17 EPS for the quarter. Canadian Natural Resources had a net margin of 24.51% and a return on equity of 22.74%. The firm had revenue of C$10.81 billion for the quarter. On average, equities analysts expect that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

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.