Brokerages Set Canadian Natural Resources Limited (TSE:CNQ) Target Price at C$71.44

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$71.44.

A number of analysts recently issued reports on CNQ shares. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company raised their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. BMO Capital Markets reduced their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Raymond James increased their price objective on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada decreased their price target on Canadian Natural Resources from C$63.00 to C$62.00 in a research note on Tuesday, January 14th.

Insider Buying and Selling

In other news, Director Stephen W. Laut sold 6,400 shares of Canadian Natural Resources stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total value of C$301,056.00. Also, Senior Officer Warren Paul Raczynski sold 7,500 shares of Canadian Natural Resources stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$43.70, for a total value of C$327,750.00. In the last ninety days, insiders sold 152,152 shares of company stock valued at $6,872,390. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Stock Performance

CNQ stock opened at C$43.42 on Wednesday. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. The firm has a market cap of C$92.48 billion, a PE ratio of 12.37, a P/E/G ratio of 0.53 and a beta of 1.89. The business’s 50-day moving average price is C$45.02 and its two-hundred day moving average price is C$46.70.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).