Brokerages Set Canadian Natural Resources Limited (TSE:CNQ) Target Price at C$71.94

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$71.88.

A number of brokerages have recently weighed in on CNQ. National Bankshares lifted their price objective on Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th. CIBC boosted their price target on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. 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 note on Friday, November 1st. Finally, Wells Fargo & Company upped their target price on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Monday, December 9th.

Insiders Place Their Bets

In related news, Senior Officer Devin Craig Lowe sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$46.37, for a total transaction of C$347,775.00. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of C$44.98, for a total transaction of C$3,643,380.00. Insiders sold 137,152 shares of company stock valued at $6,207,845 in the last ninety days. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Stock Performance

TSE:CNQ opened at C$45.14 on Friday. The stock has a market capitalization of C$96.15 billion, a P/E ratio of 12.86, a PEG ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. 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 50 day moving average price of C$45.94 and a 200 day moving average price of C$47.22.

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).