Canadian Natural Resources Limited (TSE:CNQ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$71.44.

A number of brokerages recently issued reports on CNQ. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets reduced their target price on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. 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. Raymond James raised their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lowered their price objective on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research report on Tuesday, January 14th.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at C$44.18 on Wednesday. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The firm has a market capitalization of C$94.10 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49. The company’s 50-day moving average is C$44.87 and its 200 day moving average is C$46.62.

Insiders Place Their Bets

In related news, Director Stephen W. Laut sold 3,180 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of C$43.95, for a total transaction of C$139,761.00. Also, Senior Officer Robin Sean Zabek sold 19,000 shares of Canadian Natural Resources stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total value of C$818,254.00. Insiders sold a total of 155,332 shares of company stock worth $7,012,151 over the last 90 days. Company insiders own 4.26% of the company’s stock.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).