Canadian Natural Resources Limited (TSE:CNQ) Receives Average Rating of "Moderate Buy" from Brokerages

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ has received a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$68.53.

Several equities research analysts recently commented on the stock. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research note on Monday, December 16th. National Bankshares cut their target price on Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Jefferies Financial Group decreased their target price on Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Raymond James raised their price target on Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a "market perform" rating in a research note on Friday, March 7th. Finally, TD Securities set a C$58.00 price objective on Canadian Natural Resources and gave the company a "buy" rating in a research note on Tuesday, December 3rd.

Remove Ads

Insider Transactions at Canadian Natural Resources

In related news, Senior Officer Calvin John Bast sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$44.75, for a total transaction of C$447,500.00. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$44.98, for a total value of C$3,643,380.00. Insiders sold a total of 154,684 shares of company stock valued at $6,940,170 over the last three months. 4.26% of the stock is currently owned by insiders.

Canadian Natural Resources Stock Down 1.2 %

TSE:CNQ traded down C$0.55 during mid-day trading on Thursday, hitting C$43.73. The stock had a trading volume of 21,330,309 shares, compared to its average volume of 13,163,601. Canadian Natural Resources has a twelve month low of C$37.11 and a twelve month high of C$56.49. The stock has a 50-day simple moving average of C$43.04 and a two-hundred day simple moving average of C$45.25. 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 company has a market capitalization of C$91.77 billion, a PE ratio of 12.14, a PEG ratio of 0.53 and a beta of 1.89.

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.