Canadian Natural Resources Limited (TSE:CNQ) Given Average Recommendation of "Moderate Buy" by Brokerages

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ has been given an average rating of "Moderate Buy" by the fourteen analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$54.08.

Several research analysts have issued reports on CNQ shares. Evercore ISI raised Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. National Bankshares decreased their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. CIBC increased their price target on Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. Desjardins dropped their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Wells Fargo & Company dropped their target price on 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.

Canadian Natural Resources Price Performance

Shares of TSE CNQ traded up C$0.24 during trading on Monday, reaching C$40.46. The company had a trading volume of 1,836,738 shares, compared to its average volume of 13,157,107. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$53.46. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The business's 50 day moving average price is C$41.17 and its 200-day moving average price is C$44.50. The stock has a market cap of C$84.91 billion, a PE ratio of 11.23, a PEG ratio of 0.53 and a beta of 1.89.

Insiders Place Their Bets

In other news, Senior Officer Devin Craig Lowe sold 7,500 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of C$44.91, for a total value of C$336,795.00. Also, Director Stephen W. Laut purchased 980 shares of Canadian Natural Resources stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of C$44.65 per share, for a total transaction of C$43,757.00. Insiders sold 47,184 shares of company stock worth $2,047,408 over the last three months. Insiders own 4.26% of the company's stock.

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.