Canadian Natural Resources (TSE:CNQ) Given New C$49.00 Price Target at National Bankshares

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price decreased by equities researchers at National Bankshares from C$51.00 to C$49.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 20.10% from the stock’s previous close.

Several other brokerages have also recently weighed in on CNQ. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company lowered their price target on shares of Canadian Natural Resources from C$50.00 to C$44.00 in a report on Friday. Royal Bank of Canada boosted their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group decreased their price objective on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets cut their price target on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$68.60.

Canadian Natural Resources Trading Up 2.1 %

Shares of Canadian Natural Resources stock traded up C$0.85 during trading on Friday, hitting C$40.80. The company’s stock had a trading volume of 4,300,082 shares, compared to its average volume of 9,381,774. The stock has a market cap of C$85.62 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 52 week low of C$37.11 and a 52 week high of C$56.49. The stock has a 50-day moving average price of C$43.82 and a two-hundred day moving average price of C$45.89. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, 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. Also, Senior Officer Warren Paul Raczynski sold 7,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$43.70, for a total value of C$327,750.00. In the last three months, insiders sold 146,932 shares of company stock valued at $6,613,689. 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.