Canadian Natural Resources Limited (TSE:CNQ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$68.53.

Several analysts have recently weighed in on the stock. National Bankshares dropped their price target on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. Evercore ISI raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. BMO Capital Markets cut their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Finally, Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 target price on the stock in a research report on Wednesday, March 19th.

Insider Buying and Selling at Canadian Natural Resources

In other news, Senior Officer Devin Craig Lowe sold 7,500 shares of Canadian Natural Resources stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$46.37, for a total value of C$347,775.00. Also, Senior Officer Trevor Wagil sold 4,504 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$40.86, for a total transaction of C$184,046.95. Insiders have sold 154,684 shares of company stock worth $6,940,170 over the last three months. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Trading Up 0.5 %

Shares of CNQ opened at C$45.06 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The firm has a 50-day moving average price of C$42.96 and a 200 day moving average price of C$45.24. Canadian Natural Resources has a 12-month low of C$37.11 and a 12-month high of C$56.49. The firm has a market capitalization of C$94.56 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.53 and a beta of 1.89.

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.