Canadian Natural Resources (TSE:CNQ) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective boosted by research analysts at ATB Cormark Capital Markets from C$56.00 to C$65.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 3.24% from the stock’s current price.

Several other research firms also recently weighed in on CNQ. Morgan Stanley dropped their price target on Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday, January 23rd. National Bank Financial lifted their price objective on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Evercore downgraded shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 target price on the stock. in a report on Tuesday, January 6th. Gerdes Energy Research lowered shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, February 12th. Finally, TD Securities lifted their target price on Canadian Natural Resources from C$53.00 to C$54.00 in a report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$58.42.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock opened at C$62.96 on Friday. The company has a market capitalization of C$131.15 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.53 and a beta of 0.81. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 44.46. The stock’s 50-day simple moving average is C$51.86 and its 200-day simple moving average is C$47.20. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$64.00.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, March 5th. The company reported C$0.82 earnings per share (EPS) for the quarter. Canadian Natural Resources had a return on equity of 25.98% and a net margin of 26.06%. As a group, analysts expect that Canadian Natural Resources will post 3.833989 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Trevor Wagil sold 14,500 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of C$49.96, for a total transaction of C$724,420.00. Following the sale, the insider owned 14,779 shares of the company’s stock, valued at C$738,358.84. This represents a 49.52% decrease in their ownership of the stock. Also, insider Brenda Gayle Balog sold 2,252 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of C$49.98, for a total transaction of C$112,554.96. Following the transaction, the insider owned 47,965 shares of the company’s stock, valued at C$2,397,290.70. This trade represents a 4.48% decrease in their position. Insiders have sold a total of 51,775 shares of company stock valued at $2,571,074 in the last three months. Corporate insiders own 4.26% of the company’s stock.

Canadian Natural Resources News Summary

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Q4 earnings beat and higher production; CNQ reported C$0.82 EPS and better-than-expected volumes, supporting near-term cash generation and margins. Article Title
• Positive Sentiment: Dividend increased — board approved a higher quarterly dividend, extending a 26-year dividend growth streak, which underpins the stock’s income appeal for yield-focused investors. Article Title
• Positive Sentiment: BMO raised its price target sharply to C$70 (now an outperform), signaling meaningful upside vs. the current price and a constructive view on CNQ’s outlook. BayStreet.CA
• Positive Sentiment: RBC raised its target to C$65 (outperform), and TD Securities lifted its target to C$64 with a buy rating — both imply modest upside and reinforce the buy-side momentum. BayStreet.CA Tickerreport.com
• Positive Sentiment: ATB Cormark also raised its target to C$65 (outperform), and TD Cowen reiterated/maintained a buy view with a C$64 target, backing expectations for continued cash returns and debt reduction. BayStreet.CA TipRanks
• Neutral Sentiment: Scotiabank bumped its target to C$62 with an outperform rating, but the target sits slightly below the current price, creating mixed signal on near-term upside. BayStreet.CA
• Neutral Sentiment: Market commentary highlights energy-sector strength amid higher oil prices — supportive macro backdrop for CNQ but sector moves can be volatile. BNN Bloomberg
• Neutral Sentiment: Company to defer the Jackpine mine expansion — reduces near-term capex but may temper longer-term growth expectations; investors will weigh cash returns vs. growth trade-offs. Seeking Alpha
• Negative Sentiment: National Bank Financial raised its target to C$59 but kept a sector perform rating; that target implies a ~6% downside to the current price, signaling a more cautious view. BayStreet.CA
• Negative Sentiment: Raymond James lifted its target to C$55 (outperform) but the level still implies a material downside vs. the current price, reflecting divergent analyst views. BayStreet.CA

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.