Canadian Natural Resources Limited (TSE:CNQ) Stock Has Consensus Price Target of C$67.12

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$67.12.

A number of analysts have recently weighed in on CNQ shares. Scotiabank raised shares of Canadian Natural Resources to a “hold” rating in a research report on Friday, June 26th. Gerdes Energy Research upgraded 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 research note on Monday, June 29th. JPMorgan Chase & Co. raised their price objective on shares of Canadian Natural Resources from C$67.00 to C$75.00 in a report on Wednesday, August 12th. Scotia boosted their target price on shares of 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. Finally, Royal Bank Of Canada reduced their price target on shares of Canadian Natural Resources from C$80.00 to C$79.00 in a research report on Wednesday, July 15th.

Insider Transactions at Canadian Natural Resources

In other news, Director Shelley Ann Marie Brown bought 709 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was bought 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 in the company, 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 Stock Up 1.5%

Shares of TSE CNQ opened at C$69.10 on Monday. Canadian Natural Resources has a 1 year low of C$41.67 and a 1 year high of C$72.35. The firm has a market cap of C$142.45 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.53 and a beta of 0.32. 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 stock’s 50-day simple moving average is C$68.02 and its 200-day simple moving average is C$64.75.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$2.19 EPS for the quarter. Canadian Natural Resources had a return on equity of 26.67% and a net margin of 24.93%.The firm had revenue of C$14.74 billion during the quarter. As a group, equities analysts anticipate that Canadian Natural Resources will post 3.833989 earnings per share for the current fiscal year.

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.