Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$52.00

Canadian Natural Resources (TSE:CNQ - Free Report) NYSE: CNQ had its price objective hoisted by Raymond James from C$51.00 to C$52.00 in a research report report published on Friday,BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other brokerages have also issued reports on CNQ. National Bankshares dropped their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating on the stock in a research note on Friday. Jefferies Financial Group cut their target price on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. Royal Bank of Canada lifted their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company dropped their price objective on shares of Canadian Natural Resources from C$50.00 to C$44.00 in a report on Friday. Finally, TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Canadian Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of C$68.60.

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Canadian Natural Resources Trading Up 0.5 %

Shares of CNQ stock traded up C$0.21 during mid-day trading on Friday, hitting C$41.12. The company's stock had a trading volume of 2,341,283 shares, compared to its average volume of 9,740,722. The company has a market cap of C$86.30 billion, a PE ratio of 11.42, a P/E/G ratio of 0.53 and a beta of 1.89. 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 company's fifty day simple moving average is C$43.72 and its 200-day simple moving average is C$45.74. Canadian Natural Resources has a 52 week low of C$37.11 and a 52 week high of C$56.49.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Warren Paul Raczynski sold 7,500 shares of Canadian Natural Resources stock in a transaction that occurred 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 Troy John Peter Andersen sold 19,000 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$47.45, for a total value of C$901,607.00. In the last three months, insiders sold 151,436 shares of company stock valued at $6,797,736. 4.26% of the stock is owned by insiders.

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.