National Bank Financial Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$59.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price lifted by National Bank Financial from C$54.00 to C$59.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential downside of 6.29% from the company’s current price.

CNQ has been the topic of a number of other reports. Royal Bank Of Canada increased their price objective on shares of Canadian Natural Resources from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Friday. ATB Cormark Capital Markets boosted their target price on shares of Canadian Natural Resources from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Friday. Raymond James Financial increased their price target on shares of Canadian Natural Resources from C$53.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday. Gerdes Energy Research cut shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, February 12th. Finally, Evercore downgraded shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 price objective for the company. in a research report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and an average price target of C$58.42.

Canadian Natural Resources Stock Performance

TSE:CNQ opened at C$62.96 on Friday. The company has a market cap 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. Canadian Natural Resources has a fifty-two week low of C$34.92 and a fifty-two week high of C$64.00. The company has a debt-to-equity ratio of 44.46, a quick ratio of 0.54 and a current ratio of 0.95. The stock has a fifty day moving average price of C$51.86 and a 200-day moving average price of C$47.20.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.82 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, equities analysts anticipate that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Insider Transactions at Canadian Natural Resources

In other Canadian Natural Resources news, insider Ronald Keith Laing sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of C$49.83, for a total transaction of C$996,600.00. Following the sale, the insider owned 2,049 shares of the company’s stock, valued at approximately C$102,101.67. The trade was a 90.71% decrease in their ownership of the stock. Also, insider Brenda Gayle Balog sold 2,252 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was 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 ownership of the stock. Over the last three months, insiders have sold 51,775 shares of company stock valued at $2,571,074. Corporate insiders own 4.26% of the company’s stock.

Trending Headlines about Canadian Natural Resources

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.