Brokerages Set Canadian Natural Resources Limited (TSE:CNQ) Target Price at C$71.44

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$69.13.

Several equities research analysts have commented on CNQ shares. Wells Fargo & Company raised their price target on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Monday, December 9th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Jefferies Financial Group reduced their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada cut their price objective on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research note on Tuesday, January 14th.

Insider Transactions at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 7,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$46.37, for a total value of C$347,775.00. Also, Director Stephen W. Laut sold 3,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of C$43.95, for a total transaction of C$139,761.00. Insiders have sold 146,932 shares of company stock worth $6,613,689 in the last three months. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at C$38.98 on Friday. The company has a market cap of C$81.80 billion, a P/E ratio of 10.82, a PEG ratio of 0.53 and a beta of 1.89. The business has a 50 day moving average of C$43.97 and a two-hundred day moving average of C$46.02. Canadian Natural Resources has a 52 week low of C$37.11 and a 52 week high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79.

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.