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

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

CNQ has been the subject of several recent analyst reports. Desjardins set a C$70.00 price objective on Canadian Natural Resources and gave the stock a “hold” rating in a research report on Friday, July 17th. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$67.00 to C$69.00 in a research report on Monday, June 29th. Scotiabank raised Canadian Natural Resources to a “hold” rating in a research note on Friday, June 26th. Scotia boosted their target price on Canadian Natural Resources from C$71.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Finally, TD increased their target price on shares of Canadian Natural Resources from C$72.00 to C$73.00 and gave the stock a “buy” rating in a report on Friday, August 7th.

Canadian Natural Resources Stock Up 0.0%

Shares of CNQ opened at C$66.93 on Monday. The firm has a 50 day simple moving average of C$67.91 and a two-hundred day simple moving average of C$64.71. The company has a debt-to-equity ratio of 36.64, a current ratio of 1.00 and a quick ratio of 0.54. Canadian Natural Resources has a one year low of C$41.67 and a one year high of C$72.35. The company has a market cap of C$137.98 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.53 and a beta of 0.32.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, August 6th. The company reported C$2.19 earnings per share 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 for the quarter. Research analysts forecast that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Insider Transactions at Canadian Natural Resources

In related news, Director Shelley Ann Marie Brown acquired 709 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average price of C$70.44 per share, with a total value of C$49,941.96. Following the purchase, the director directly owned 1,780 shares in the company, valued at approximately C$125,383.20. This trade represents a 66.20% increase in their ownership of the stock. 4.26% of the stock is currently owned by corporate 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.