Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$52.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective upped by Raymond James from C$51.00 to C$52.00 in a report published on Friday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

CNQ has been the topic of several other reports. TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets cut their target price on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Royal Bank of Canada upped their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$68.60.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at C$40.74 on Friday. The company’s 50 day simple moving average is C$43.77 and its 200-day simple moving average is C$45.77. The company has a market capitalization of C$85.50 billion, a price-to-earnings ratio of 11.31, 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$37.11 and a 1 year high of C$56.49. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84.

Insider Activity at Canadian Natural Resources

In related news, Director Stephen W. Laut sold 3,180 shares of Canadian Natural Resources stock in a transaction on Thursday, February 6th. The shares were sold at an average price of C$43.95, for a total value of C$139,761.00. Also, Senior Officer Robin Sean Zabek sold 19,000 shares of Canadian Natural Resources stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total transaction of C$818,254.00. Over the last quarter, insiders have sold 146,932 shares of company stock worth $6,613,689. Company insiders own 4.26% of the company’s stock.

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.