Canadian Natural Resources Limited (TSE:CNQ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$71.44.

A number of research analysts have recently weighed in on CNQ shares. TD Securities set a C$58.00 price objective on Canadian Natural Resources and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Jefferies Financial Group reduced their price objective on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. Raymond James raised their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets dropped their target price on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th.

Canadian Natural Resources Price Performance

TSE CNQ opened at C$44.18 on Wednesday. The business’s fifty day moving average is C$44.87 and its 200 day moving average is C$46.62. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The company has a market capitalization of C$94.10 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Insiders Place Their Bets

In related news, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of C$44.98, for a total value of C$3,643,380.00. Also, Director Stephen W. Laut sold 3,180 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of C$43.95, for a total value of C$139,761.00. Insiders have sold a total of 155,332 shares of company stock valued at $7,012,151 in the last quarter. 4.26% of the stock is currently owned by insiders.

About Canadian Natural Resources

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).