Shares of Canadian Natural Resources Limited (TSE:CNQ – Get Free Report) (NYSE:CNQ) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$70.00.
Several research analysts have weighed in on CNQ shares. Scotia boosted their price target on Canadian Natural Resources from C$71.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets increased their price objective on Canadian Natural Resources from C$70.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada upped their price target on shares of Canadian Natural Resources from C$79.00 to C$86.00 in a research note on Tuesday, October 13th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian Natural Resources from C$70.00 to C$75.00 in a report on Thursday, August 27th. Finally, Raymond James Financial cut Canadian Natural Resources from a “moderate buy” rating to a “hold” rating and cut their price target for the company from C$70.00 to C$69.00 in a research note on Wednesday, October 14th.
Get Our Latest Stock Analysis on CNQ
Insider Buying and Selling
In other news, Director Shelley Ann Marie Brown purchased 709 shares of Canadian Natural Resources stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average price of C$70.44 per share, for a total transaction of C$49,941.96. Following the transaction, the director owned 1,780 shares of the company’s stock, valued at approximately C$125,383.20. The trade was a 66.20% increase in their position. 4.26% of the stock is currently owned by corporate insiders.
Canadian Natural Resources Price Performance
Canadian Natural Resources stock opened at C$77.05 on Friday. The business’s fifty day moving average is C$71.02 and its two-hundred day moving average is C$63.54. Canadian Natural Resources has a 52 week low of C$41.68 and a 52 week high of C$77.70. The company has a debt-to-equity ratio of 36.64, a quick ratio of 0.54 and a current ratio of 1.00. The firm has a market cap of C$158.84 billion, a P/E ratio of 13.71, 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 announced its quarterly earnings data on Thursday, August 6th. The company reported C$2.19 EPS for the quarter. The firm 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%. Equities research analysts forecast that Canadian Natural Resources will post 3.83 earnings per share for the current fiscal year.
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.
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