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

Shares of Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ have been assigned an average rating of "Moderate Buy" from the fourteen brokerages that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$71.94.

A number of research analysts have recently commented on CNQ shares. Desjardins upgraded Canadian Natural Resources from a "hold" rating to a "buy" rating and raised their target price for the company from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Jefferies Financial Group boosted their target price on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a report on Friday, October 11th. 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 note on Tuesday, December 3rd. National Bankshares lifted their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 8th. Finally, Gerdes Energy Research upgraded shares of Canadian Natural Resources from a "neutral" rating to a "buy" rating in a report on Monday, December 16th.

Insider Activity

In other Canadian Natural Resources news, Senior Officer Victor Clinton Darel sold 2,252 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of C$43.68, for a total value of C$98,367.36. Also, Director Stephen W. Laut sold 6,400 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total value of C$301,056.00. Insiders have sold a total of 56,152 shares of company stock valued at $2,564,465 over the last ninety days. 4.26% of the stock is currently owned by corporate insiders.

Canadian Natural Resources Stock Up 0.8 %

CNQ traded up C$0.36 on Friday, hitting C$47.27. The company had a trading volume of 12,182,138 shares, compared to its average volume of 7,705,463. The stock has a fifty day simple moving average of C$46.03 and a 200-day simple moving average of C$47.24. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The firm has a market capitalization of C$100.69 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 52-week low of C$40.02 and a 52-week high of C$56.49.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).