Canadian Natural Resources (TSE:CNQ) Given New C$65.00 Price Target at Royal Bank Of Canada

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price increased by Royal Bank Of Canada from C$61.00 to C$65.00 in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on CNQ. Evercore cut shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 target price for the company. in a research note on Tuesday, January 6th. Gerdes Energy Research downgraded shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, February 12th. Desjardins set a C$52.00 target price on shares of Canadian Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Raymond James Financial raised their target price on Canadian Natural Resources from C$53.00 to C$55.00 and gave the company an “outperform” rating in a research report on Friday. Finally, ATB Cormark Capital Markets lifted their price target on Canadian Natural Resources from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$58.42.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock traded up C$1.00 during midday trading on Friday, hitting C$62.96. 25,815,845 shares of the company were exchanged, compared to its average volume of 12,729,019. The business has a fifty day simple moving average of C$51.86 and a two-hundred day simple moving average of C$47.15. The company has a debt-to-equity ratio of 42.68, a quick ratio of 0.54 and a current ratio of 0.86. The firm has a market capitalization of C$131.15 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 0.53 and a beta of 0.81. Canadian Natural Resources has a fifty-two week low of C$34.92 and a fifty-two week high of C$64.00.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.82 earnings per share for the quarter. Canadian Natural Resources had a return on equity of 16.47% and a net margin of 15.49%. On average, sell-side analysts forecast that Canadian Natural Resources will post 3.833989 earnings per share for the current year.

Insider Buying and Selling

In other Canadian Natural Resources news, insider Trevor Wagil sold 14,500 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of C$49.96, for a total transaction of C$724,420.00. Following the completion of the transaction, the insider directly owned 14,779 shares in the company, valued at approximately C$738,358.84. This represents a 49.52% decrease in their ownership of the stock. Also, insider Stephanie Ann Graham sold 1,930 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of C$49.19, for a total transaction of C$94,936.70. Following the transaction, the insider directly owned 16,367 shares in the company, valued at approximately C$805,092.73. The trade was a 10.55% decrease in their ownership of the stock. Insiders have sold 51,775 shares of company stock worth $2,571,074 in the last 90 days. 4.26% of the stock is owned by insiders.

Key Canadian Natural Resources News

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Q4 earnings beat and higher production; CNQ reported C$0.82 EPS and better-than-expected volumes, supporting near-term cash generation and margins. Article Title
• Positive Sentiment: Dividend increased — board approved a higher quarterly dividend, extending a 26-year dividend growth streak, which underpins the stock’s income appeal for yield-focused investors. Article Title
• Positive Sentiment: BMO raised its price target sharply to C$70 (now an outperform), signaling meaningful upside vs. the current price and a constructive view on CNQ’s outlook. BayStreet.CA
• Positive Sentiment: RBC raised its target to C$65 (outperform), and TD Securities lifted its target to C$64 with a buy rating — both imply modest upside and reinforce the buy-side momentum. BayStreet.CA Tickerreport.com
• Positive Sentiment: ATB Cormark also raised its target to C$65 (outperform), and TD Cowen reiterated/maintained a buy view with a C$64 target, backing expectations for continued cash returns and debt reduction. BayStreet.CA TipRanks
• Neutral Sentiment: Scotiabank bumped its target to C$62 with an outperform rating, but the target sits slightly below the current price, creating mixed signal on near-term upside. BayStreet.CA
• Neutral Sentiment: Market commentary highlights energy-sector strength amid higher oil prices — supportive macro backdrop for CNQ but sector moves can be volatile. BNN Bloomberg
• Neutral Sentiment: Company to defer the Jackpine mine expansion — reduces near-term capex but may temper longer-term growth expectations; investors will weigh cash returns vs. growth trade-offs. Seeking Alpha
• Negative Sentiment: National Bank Financial raised its target to C$59 but kept a sector perform rating; that target implies a ~6% downside to the current price, signaling a more cautious view. BayStreet.CA
• Negative Sentiment: Raymond James lifted its target to C$55 (outperform) but the level still implies a material downside vs. the current price, reflecting divergent analyst views. BayStreet.CA

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.