Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) had its price objective lifted by analysts at Desjardins from C$73.00 to C$74.00 in a report released on Tuesday, BayStreet reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target suggests a potential downside of 3.03% from the company’s current price.
A number of other equities research analysts have also recently issued reports on CNQ. TD lifted their price target on shares of Canadian Natural Resources from C$72.00 to C$73.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Raymond James Financial cut shares of Canadian Natural Resources from a “moderate buy” rating to a “hold” rating and reduced their price objective for the stock from C$70.00 to C$69.00 in a research report on Wednesday, October 14th. Royal Bank Of Canada increased their price objective on shares of Canadian Natural Resources from C$79.00 to C$86.00 in a report on Tuesday, October 13th. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$67.00 to C$69.00 in a report on Monday, June 29th. Finally, Scotiabank upgraded shares of Canadian Natural Resources to a “hold” rating in a research report on Friday, June 26th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Canadian Natural Resources presently has an average rating of “Moderate Buy” and a consensus target price of C$68.75.
View Our Latest Analysis on Canadian Natural Resources
Canadian Natural Resources Price Performance
CNQ traded down C$0.15 during trading on Tuesday, hitting C$76.31. The company’s stock had a trading volume of 3,278,196 shares, compared to its average volume of 14,873,748. The company has a current ratio of 1.00, a quick ratio of 0.54 and a debt-to-equity ratio of 36.64. Canadian Natural Resources has a twelve month low of C$41.67 and a twelve month high of C$77.49. The business’s fifty day simple moving average is C$69.60 and its 200 day simple moving average is C$65.05. The firm has a market capitalization of C$157.31 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 0.53 and a beta of 0.38.
Canadian Natural Resources (TSE:CNQ – Get Free Report) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$2.19 EPS for the quarter. The business had revenue of C$14.74 billion during the quarter. Canadian Natural Resources had a return on equity of 26.67% and a net margin of 24.93%. On average, equities research analysts forecast that Canadian Natural Resources will post 3.83 EPS for the current fiscal year.
Insider Activity at Canadian Natural Resources
In other news, Director Shelley Ann Marie Brown bought 709 shares of Canadian Natural Resources stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of C$70.44 per share, with a total value of C$49,941.96. Following the completion of the acquisition, the director directly owned 1,780 shares of the company’s stock, valued at C$125,383.20. The trade was a 66.20% increase in their ownership of the stock. 4.26% of the stock is owned by insiders.
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.
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