Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ was upgraded by Evercore ISI from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Friday,Zacks.com reports.
Other equities research analysts also recently issued reports about the stock. TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Gerdes Energy Research raised Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research note on Monday, December 16th. Wells Fargo & Company lowered their price target on shares of Canadian Natural Resources from C$50.00 to C$44.00 in a report on Friday, March 7th. Jefferies Financial Group lowered their price objective on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. Finally, Raymond James lifted their price objective on Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a "market perform" rating in a research report on Friday, March 7th. Six equities research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$68.60.
View Our Latest Stock Analysis on Canadian Natural Resources
Canadian Natural Resources Stock Performance
Canadian Natural Resources stock traded up C$0.62 during trading on Friday, hitting C$42.02. The stock had a trading volume of 38,647,159 shares, compared to its average volume of 9,996,354. Canadian Natural Resources has a 1 year low of C$37.11 and a 1 year high of C$56.49. 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 stock's 50 day moving average is C$43.66 and its two-hundred day moving average is C$45.71. The stock has a market cap of C$88.18 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.
Insider Activity
In related news, Director Stephen W. Laut acquired 942 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were bought at an average price of C$46.46 per share, for a total transaction of C$43,765.32. Also, Senior Officer Robin Sean Zabek sold 19,000 shares of Canadian Natural Resources 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 transaction of C$818,254.00. Insiders sold 151,436 shares of company stock worth $6,797,736 over the last three months. 4.26% of the stock is currently owned by corporate insiders.
Canadian Natural Resources Company Profile
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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.
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