Canadian Natural Resources Limited (TSE:CNQ) Receives C$71.44 Consensus Price Target from Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ have earned an average rating of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$69.13.

A number of equities analysts have recently commented on CNQ shares. 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 report on Tuesday, January 14th. Tudor Pickering cut shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a "neutral" rating to a "buy" rating in a report on Monday, December 16th. Wells Fargo & Company upped their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Monday, December 9th. Finally, BMO Capital Markets decreased their target price on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th.

Insider Transactions at Canadian Natural Resources

In related news, Senior Officer Warren Paul Raczynski sold 7,500 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$43.70, for a total transaction of C$327,750.00. Also, Senior Officer Robin Sean Zabek sold 19,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total value of C$818,254.00. Over the last three months, insiders have sold 146,932 shares of company stock valued at $6,613,689. Corporate insiders own 4.26% of the company's stock.

Canadian Natural Resources Trading Up 0.8 %

TSE:CNQ traded up C$0.31 on Friday, reaching C$39.72. 4,827,017 shares of the stock traded hands, compared to its average volume of 8,756,751. Canadian Natural Resources has a 1-year low of C$37.11 and a 1-year high of C$56.49. The company's 50 day moving average is C$43.89 and its 200-day moving average is C$45.96. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The firm has a market capitalization of C$83.36 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

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.