Canadian Natural Resources Limited (TSE:CNQ) Receives Consensus Rating of “Moderate Buy” from Analysts

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has received a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$68.53.

Several equities research analysts have issued reports on CNQ shares. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 price target for the company in a report on Wednesday, March 19th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. BMO Capital Markets lowered their price objective on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Finally, Jefferies Financial Group cut 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.

Canadian Natural Resources Price Performance

CNQ opened at C$44.28 on Thursday. The stock has a market cap of C$92.93 billion, a P/E ratio of 12.29, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 12 month low of C$37.11 and a 12 month high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The company has a fifty day simple moving average of C$42.99 and a 200 day simple moving average of C$45.24.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Calvin John Bast sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$44.75, for a total transaction of C$447,500.00. Also, Senior Officer Devin Craig Lowe sold 7,500 shares of Canadian Natural Resources stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$46.37, for a total transaction of C$347,775.00. Insiders sold a total of 154,684 shares of company stock worth $6,940,170 over the last ninety days. 4.26% of the stock is currently owned by corporate 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.