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

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ has received a consensus rating of "Moderate Buy" from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$69.13.

CNQ has been the topic of several recent analyst reports. BMO Capital Markets reduced their price objective on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Gerdes Energy Research raised shares of Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research report on Monday, December 16th. Wells Fargo & Company upped their price target on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. TD Securities set a C$58.00 price target on shares of Canadian Natural Resources and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group dropped their price target on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th.

Insider Activity at Canadian Natural Resources

In related news, Senior Officer Warren Paul Raczynski sold 7,500 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$43.70, for a total transaction of C$327,750.00. Also, Senior Officer Victor Clinton Darel sold 2,252 shares of the firm's stock in a transaction on Friday, December 27th. The shares were sold at an average price of C$43.68, for a total transaction of C$98,367.36. In the last three months, insiders 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 1.1 %

Shares of CNQ traded up C$0.43 on Friday, hitting C$39.41. 21,214,086 shares of the stock traded hands, compared to its average volume of 8,849,458. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The firm has a market capitalization of C$82.71 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.53 and a beta of 1.89. The stock's 50 day moving average is C$43.89 and its two-hundred day moving average is C$45.96. Canadian Natural Resources has a 1 year low of C$37.11 and a 1 year high of C$56.49.

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.