Brokerages Set Canadian Natural Resources Limited (TSE:CNQ) PT at C$63.73

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$63.73.

Several research analysts recently commented on the stock. Raymond James Financial raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from C$65.00 to C$67.00 in a research note on Thursday, May 7th. National Bank Financial increased their target price on shares of Canadian Natural Resources from C$59.00 to C$90.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 31st. ATB Cormark Capital Markets raised their price target on shares of Canadian Natural Resources from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Scotiabank lifted their target price on shares of Canadian Natural Resources from C$58.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, Desjardins lifted their target price on shares of Canadian Natural Resources from C$52.00 to C$56.00 and gave the stock a “hold” rating in a research note on Monday, March 9th.

Insider Buying and Selling

In related news, Director Gordon D. Giffin sold 25,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of C$68.01, for a total value of C$1,700,250.00. Following the completion of the sale, the director owned 171,210 shares of the company’s stock, valued at approximately C$11,643,992.10. The trade was a 12.74% decrease in their position. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$63.62 on Tuesday. The company has a debt-to-equity ratio of 44.85, a current ratio of 0.98 and a quick ratio of 0.54. Canadian Natural Resources has a 1-year low of C$40.62 and a 1-year high of C$70.99. The company has a market capitalization of C$132.69 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.53 and a beta of 0.48. The firm’s 50 day simple moving average is C$64.54 and its two-hundred day simple moving average is C$55.88.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, May 7th. The company reported C$1.17 earnings per share for the quarter. The firm had revenue of C$10.81 billion during the quarter. Canadian Natural Resources had a net margin of 24.51% and a return on equity of 22.74%. Research analysts expect that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

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.